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Business
4 reasons to hike, 4 reasons to stand pat
For the first time in recent memory, the Federal Reserve’s two-day meeting on interest rates, kicking off Tuesday, is shaping up to be a nail-biter.Will the Fed back up its inflation-fighting rhetoric and raise interest rates again…
U.S. Treasury yields ahead of Fed interest rate decision
U.S Treasury yields fell on Wednesday as investors awaited the Federal Reserve's latest interest rate decision and guidance on the central bank's monetary policy path.At 5:48 a.m. ET, the 10-year Treasury yield was down by 2 basis points…
Nvidia announces tech for speeding up chip design at AI conference
March 21 (Reuters) - Nvidia Corp (NVDA.O) Chief Executive Jensen Huang on Tuesday unveiled a new product for speeding up the design of semiconductors as it rolled out an array of new artificial intelligence technologies based around its…
S&P 500: Crashing Bank Stock, Dow Giant Lead Losers
First Republic Bank (FRC) was easily the S&P 500's biggest loser on the stock market today. Microsoft (MSFT), Paycom Software (PAYC), Intel (INTC) and Illumina (ILMN) fell modestly, but rounded out Monday's five biggest S&P 500…
Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin
The U.S. Federal Reserve (Fed) on Sunday announced it had joined hands with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system.The Fed said it would increase…
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances
Talks over rescuing Credit Suisse rolled into Sunday as UBS sought $6 billion from the Swiss government to cover costs.UBS is under pressure from the Swiss authorities to take over its local rival to get the crisis under control, two…
Despite optimism, MBTA to keep Green Line speed restrictions in place for now
The MBTA said early Saturday that global speed restrictions that have been in place along the MBTA's Green Line will remain in place, despite optimism shown at a news conference less than 24 hours earlier. "While running a Green…
Elizabeth Holmes returns to court in bid to avoid prison
SAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes on Friday made what might be her final court appearance before beginning a 11-year prison sentence, unless a judge grants her request to remain free while her lawyers appeal…
Asia markets, banks, Europe, U.S., rescue plans
25 Mins AgoFormer Indian central bank chief says too early to tell if bank rescue has workedFormer Reserve Bank of India Governor Raghuram Rajan thinks it's still too early to tell whether the U.S. rescue plan to stem bank contagion…
HSBC CEO on how the bank bought Silicon Valley Bank UK
The Bank of England announced Friday that, "absent any meaningful further information," it would be placing Silicon Valley Bank UK into an insolvency procedure. More than 200 companies — depositors with SVB UK — wrote Saturday to the…