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Camomile Shumba   


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3 mins read

A fully digital US dollar would be a better online currency than crypto, new Fed report suggests

A Fed-backed digital dollar would allow for fast and secure transfers without a third party or the …

Ben Winck   


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1 min read

The crypto market has doubled in value to $2 trillion in just 3 months amid a massive rally

The new record came just a few months after the cryptocurrency market hit the $1 trillion mark for …

Isabelle Lee   


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3 mins read

5 banking trends to engage the millennial audience

Millennials are banking differently than any preceding generation. Besides the now establishe…

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Theron Mohamed   


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Signature Bank was the target of a US criminal probe before it was seized, report says

The DOJ and SEC were looking into whether the Signature Bank monitored its clients' activities well…

Zinya Salfiti   


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4 mins read

What the latest inflation data means for interest rates

In today's big story, we're looking at what a hotter-than-expected inflation report means for marke…

Dan DeFrancesco   


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US stocks fall as Fed comments and new data raise fear of more rate hikes

Shares of Apple, Nvidia, and Tesla all moved lower in Wednesday's session as September continued to…

Phil Rosen   


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US stocks rise as fresh jobs data continues to show no sign of labor market weakness

The strength in the labor market continues even as high-profile tech companies like Amazon and Meta…

Matthew Fox   


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US stocks end higher in volatile session as traders assess rate outlook and bank concerns

Volatile trading on Thursday saw the S&P 500 erase a gain of nearly 2% as investors geared up for m…

Matthew Fox   


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US stocks mixed as traders mull impact of First Republic failure and brace for big Fed meeting

Trading in the month of May kicked off with the second largest US bank failure on record as traders…

Carla Mozée   


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First Citizens Bank jumps 50% after deal to acquire assets of collapsed Silicon Valley Bank

Shares of the Raleigh, North Carolina-based bank hit an intraday high of over $880, its highest lev…

Morgan Chittum   


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Dow tumbles over 300 points as Deutsche Bank jitters reignite Europe's banking concerns

Fears over the financial health of European banks are also mounting, with Deutsche Bank shares slum…

Zahra Tayeb   


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5 mins read

From a $32 billion valuation to a fire sale in 11 months: How FTX nosedived in spectacular fashion

"And once more, it's the retail investors who may pay the biggest price," Invezz analyst Dan Ashmor…

Matthew Fox   


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US stocks rise as traders assess jobs data and bet bank crisis has faded

Applications for US unemployment benefits ticked higher last week, but have stayed low in a still-t…

Morgan Chittum   


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2 mins read

US stocks rise as investors cheer strong corporate earnings and shake off banking fears

The Dow closed out its best month since January, while 79% of S&P 500 companies that reported earni…

Jennifer Sor   


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5 mins read

BlackRock is wrestling with succession planning. Here's the latest news on the biggest money manager.

BlackRock, which oversees $9.4 trillion, is planning for who will replace founder Larry Fink as CEO…

Rebecca Ungarino   


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US stocks jump as investors prepare for interest rate decision from the Fed

The Fed is expected to address the banking turmoil and inflation when delivering its interest rate …

Jennifer Sor   


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1 min read

SoftBank Group reports massive $5.9 billion net loss amid global tech meltdown

There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investme…

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3 mins read

Silicon Valley Bank crisis: Everything you need to know about SVB Financial as regulators shut down the bank

Turmoil at the little known Silicon Valley Bank is dragging on some of the US's best-known blue-chi…

George Glover