NEW YORK – JULY 16: Pedestrians walk past the New York Stock Exchange July 16, 2002 in New York … [+] City. (Photo by Spencer Platt/Getty Images) Getty Images Investors and regulators have become increasingly concerned about the volatility of bank stocks, and it is important to understand what factors may be causing this. This…
A news conference by Federal Reserve Chairman Jerome Powell is displayed on the floor at the New … [+] York Stock Exchange in New York, Wednesday, May 3, 2023. The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.…
Washington Dc: FDIC United States Federal Deposit Insurance Corporation sign on wall of building … [+] with logo on 17th street in evening night closeup getty The FDIC has issued final regulations that, as of April 1, 2024, will change how bank accounts held in the name of a trust will be insured. This rule…
Topline Buoyed by surging shares of the nation’s most valuable company, major stock indexes on Friday rebounded from a precarious week for markets—a bout of optimism that helped shares of struggling regional lender Pacific West Bank surge a record nearly 80%. The selloff in regional banks “appears to have gotten out of hand,” says one…
NYSE Ticker Shutterstock We are presumably at the end stages of the Federal Reserve’s interest rate hike cycle, which has seen the central bank increase rates at the quickest pace in its history. The rapid rate hikes are intended to cool economic growth, and investors have been nervously speculating about where the impact of the…
Quest Diagnostics CEO Steve Rusckowski answers reporters’ questions after taking government leaders … [+] on a tour of a Quest Diagnostics’ laboratory in Massachussets. (Photo by John Tlumacki/The Boston Globe via Getty Images) Boston Globe via Getty Images It’s odd to think back that only a few years ago, employees were generally happier and more…
(Photo by Carl Court/Getty Images) Getty Images Key takeaways 253,000 new jobs were added to the U.S. economy in April, smashing forecasts of 180,000 Wages were up 4.4% annually, accelerating from March figures It’s a mixed picture for the Fed, who just raised interest rates for tenth time in a row The U.S. jobs economy…
China Last Night KraneShares Week in Review Asian equities had a surprisingly strong week, both on an absolute basis and relative to the US and Europe, though Hong Kong and Mainland China had short weeks due to the May Day holiday. China’s May Day travel numbers were released this week and indicated strong demand for…
On 5/9/23, International Business Machines, United Rentals, and Mueller Water Products will all trade ex-dividend for their respective upcoming dividends. International Business Machines will pay its quarterly dividend of $1.66 on 6/10/23, United Rentals will pay its quarterly dividend of $1.48 on 5/24/23, and Mueller Water Products will pay its quarterly dividend of $0.061 on…
New year 2023 question risk danger warning sign getty Friday’s strong jobs report is a surprise. The unemployment rate is only 3.4%, lower than last month, lower than just before the pandemic, and just a bit higher than the historic lows in 1955. Jobs are up 235,000, well above expert forcasts. But fewer people are…