BlackRock cutting 500 jobs or less than 3% of workforce
[ad_1] BlackRock Inc. on Wednesday added its name to the growing list of financial and other companies cutting jobs with plans to cut its workforce for the first time since…
Silvergate Capital got $4.3 bln loan from Feds amid run on deposits: Report
[ad_1] Silvergate Capital Corp. drew $4.3 billion in liquidity from the Federal Home Loan Bank of San Francisco late last year as depositors pulled money from the digital currency services…
FAA computer outage leads to 5,000 U.S. flights delayed
[ad_1] More than 5,000 U.S. flights were delayed Wednesday after a Federal Aviation Administration computer outage grounded planes across the country. The overnight outage hit the FAA’s Notice to Air…
These are the best and worst passports to have in 2023
[ad_1] With last year marking a big recovery for global travel, the skies may be the limit for 2023, especially as China reopens its economy to incoming and outcoming travelers.…
Most of America thinks it’s a bad time to buy a home. Expect a ‘continued decline in home sales,’ Fannie Mae says.
[ad_1] Home-buying sentiment is glum as we enter 2023, thanks to high mortgage rates and home prices, according to new research. Fannie Mae’s FNMA, -2.83% Home Purchase Sentiment Index rose…
Swiss National Bank estimates it’ll record $143 billion loss
[ad_1] Fixes the size of the 2021 profit. The Swiss National Bank on Monday estimated it will lose 132 billion francs ($143 billion) for 2022, reportedly the largest in its…
‘Markets are going to get rocked’ as Fed is likely to push rates higher, economist warns
[ad_1] The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going…
Even a $10,000 salary hike is not enough for some working mothers to accept or stay at a job: ‘They just want to work from home’
[ad_1] New moms would rather have more flexible hours and remote-work options than a salary bump, according to a new survey. The survey of 402 women by Baby Center found…
Globalization is not dead, but it is facing a big tail-risk, expert says
[ad_1] Reports that globalization is dead are overstated, a top economist said. Conventional wisdom has it that globalization will suffer in the aftermath of the pandemic and Russia’s war in…
Don’t count on the bear market’s winners to fuel the next bull market
[ad_1] It’s too early to know which sector will lead U.S. stocks higher in the next bull market. But it’s not too early to have confidence that what it won’t…
Kevin McCarthy elected House speaker, narrowly prevailing in 15th round of voting
[ad_1] Top House Republican Kevin McCarthy succeeded early Saturday in his push to become his chamber’s next speaker, claiming the job after first falling short in well over a dozen…
Here are potential impacts of China’s reopening on markets, Goldman Sachs says
[ad_1] China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact…
As COVID vaccine and Paxlovid sales decline, analysts want to know what’s next for Pfizer
[ad_1] Pfizer PFE, +0.28% is the latest pandemic stock to face questions about its long-term strategy as revenue from its COVID-19 vaccine and antiviral business starts to dry up. Bank…
‘Concessions have made a comeback’: In a cooling housing market, sellers pull out all the stops to lure buyers and your boss will no longer be able to make you sign noncompete agreements — if federal regulators have their way
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. ‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as…
Mortgage rates inch up. ‘Homebuyers are waiting for rates to decrease more significantly,’ Freddie Mac says.
[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
[ad_1] The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in…
Feds move to seize Robinhood shares, Silvergate accounts tied to FTX
[ad_1] Federal authorities are moving to seize hundreds of millions of dollars in assets in the U.S. tied to the bankrupt cryptocurrency exchange FTX, a sign that the battle over…
New York City’s real-estate sector is going through ‘5 stages’ of grief and it’s time to buy I-bonds again. Here are 3 ways to maximize your $10,000 inflation-fighting investment
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Is driving a big part of your business? Good news: IRS increases tax-deductible mileage rate. Here’s how much you can deduct. The…
Credit Acceptance shares tumble 12% after regulators sue, claim illegal subprime auto lending practices
[ad_1] Shares of subprime auto giant Credit Acceptance Corp CACC, -11.61% tumbled about 12% on Wednesday after New York Attorney General Letitia James and a key U.S. consumer watchdog sued…
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
[ad_1] The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few…
SEC charges former SPAC CFO Cooper Morgenthau with fraud
[ad_1] The Securities and Exchange Commission on Tuesday said it issued fraud charges against Cooper Morgenthau after he allegedly stole more than $5 million from a special-purpose acquisition company and…
Ant Group’s consumer-lending unit gets approval to raise $1.5 billion in new capital
[ad_1] The consumer-finance arm of China’s Ant Group Co. has obtained regulatory approval to raise the equivalent of $1.5 billion in new capital. Chongqing Ant Consumer Finance Co., the Chinese…
Amazon enters into $8 billion unsecured loan
[ad_1] Amazon.com Inc. AMZN, +2.17% entered into a $8 billion unsecured loan with several lenders, the e-commerce giant said in a U.S. Securities and Exchange Commission filing Tuesday. The Seattle-based…
Federal regulators warn banks to beware of ‘significant’ risks surrounding crypto assets
[ad_1] A trio of federal regulators issued a warning to banks Tuesday regarding crypto-asset risks. In a joint statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office…
Damar Hamlin supporters have contributed $3.5 million to a GoFundMe campaign
[ad_1] Long before Buffalo Bills player Damar Hamlin went into cardiac arrest during Monday night’s NFL game against the Cincinnati Bengals, he was behind a 2020 GoFundMe campaign to raise…