Yellen Warns Non-Bank Lenders Could Fail As Household Finances Become Stretched
Janet Yellen says the U.S. financial system is overall sound and well-capitalized.
Red Sea Crisis Hits Maersk Outlook: ‘Oversupply Will Cause Price Pressure, Impact Results’
The Red Sea crisis has caused "immediate capacity constraints and a temporary increase in rates," CEO Vincent Clerc.
US Imports From Mexico Surpass China For The First Time In 20 Years
Mexico has taken the lead as the top supplier of goods to the United States, surpassing China. This shift is attributed to the escalating tensions between the U.S. and China.
Cash Homebuyers Beware: The Anti-Money Laundering Feds Are Watching You
Cash sales of residential property were on the increase, and regulators warn that money laundering through real estate can hurt home prices.
China Market Woes Not Over: Talk Is Cheap, But Urgent Action Is Needed
China's economy faces deep structural problems, analyst says, but a broader financial crisis or economic recession is unlikely.
S&P 500 Flirts With 5,000 As Magnificent 7 Tops $13 Trillion, NYCB Sinks: What’s Driving Markets Wednesday?
Wednesday is a bullish day on Wall Street, with major large-cap indices extending record highs, aided by robust corporate earnings. Despite the overall market optimism, concerns linger within segments such as regional banks, highlighting investor caution.
Fed’s Kugler Signals Optimism On Inflation, Labor Market, But Warns ‘The Job Is Not Done Yet’
Kugler optimistic about inflation reduction & labor market balance, hints at potential rate cut. Caution remains for Fed's price stability goal.
Oil Traders Poised For Price Bump: Will Middle East Tensions See Crude Climb?
Gas prices are rising on pick up in demand picks and refinery outages
New York Community Bancorp Nosedives To 1997 Lows: Analysts Split, But Market Fears Persist
NYCB shares plummet 10% on concerns about exposure to troubled commercial real estate loans. Banks issue mixed reports, Moody's downgrades debt.
Hedge Fund Investors Pull $100B From Market As Stock Pickers Underperform
Hedge fund managers kept busy in 2023 buying stocks they thought would perform well and betting against stocks they believed would fall.