Global markets and US futures slide as Fitch downgrades US debt rating
Hong Kong/London CNN — Global stock markets fell Wednesday after ratings agency Fitch downgraded its US credit rating, citing “a steady deterioration in standards of...
Global markets slide as recession fears grip investors
Hong Kong/London CNN — Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks...
Janet Yellen told bank CEOs more mergers may be necessary, sources say
New York CNN — During Thursday’s meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be...
Bank of England calls for urgent action on funds that nearly toppled UK financial system
London CNN — The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries...
Global markets mixed as Credit Suisse accepts $54 billion lifeline
Hong Kong/London CNN — European markets breathed a small sigh of relief Thursday as beleaguered lender Credit Suisse accepted a loan from Switzerland’s central bank,...
Global markets plunge after US bank stocks sell off
London/Hong Kong CNN — Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the United States as a major...
Gold giant Newmont’s $16.9 billion bid for Australia’s Newcrest clouded by deal doubts
Melbourne Reuters — Top gold producer Newmont (NEM) Corp said it had made a $16.9 billion offer for Australian peer Newcrest (NCMGF) Mining to build...
Premarket stocks: The world has a major debt problem. Is a reset coming?
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First-time homebuyers are being shut out of the market like never before
If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices and climbing interest rates pushed...
There’s a 98% chance of a global recession, research firm warns
New York CNN Business — Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take...