People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters When investors are stampeding for the exits, it pays to be…
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Governments, ‘not BlackRock,’ should lead green economy transition
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters Governments should be leading the global economy’s sustainable transformation, not markets, according to author and economist Ann Pettifor. Pettifor,…
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Credit Suisse exits positions with a U.S. hedge fund, warns of 'significant' losses
Swiss bank Credit Suisse warned Monday of a potential impact to first quarter results, after a margin call from a U.S. hedge fund led it to start exiting positions it had with the firm. Source…
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S&P 500 closes at a record, Dow jumps 450 points as stocks rally in the final minutes of trading
U.S. stocks climbed on Friday, finishing the volatile week on a high note as stocks benefiting from a successful economic reopening outperformed again. The Dow Jones Industrial Average closed 453.40 points higher, or 1.4%, to…
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New signs show that China is cracking down on debt again
A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack…
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Fed says banks will have to wait until June 30 to start issuing buybacks and bigger dividends
Banks will be able to accelerate dividends and buybacks to shareholders this year, but not until June 30 and provided they pass the current round of stress tests, the Federal Reserve announced Thursday. The biggest…
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