European Central Bank raises rates by 25 basis points, slowing the pace of hikes
The European Central Bank announced a new rate decision as inflation remains well-above its target.
Financial News
Here’s what to expect from today’s Federal Reserve announcement
Where the intrigue comes in is how the central bank proceeds from here.
Nearly 25% of jobs are set to be disrupted in the next five years — and A.I. could play a key role: World Economic Forum
WEF expects there to be 14 million fewer jobs overall in five years’ time as labor markets face an overhaul from AI and a slew of other factors.
Jamie Dimon says ‘this part of the crisis is over’ after JPMorgan Chase buys First Republic
JPMorgan Chase, which acquired banking assets in the 2008 financial crisis, just won an auction to gain even more size with the takeover of First Republic.
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
U.S. regulators have asked banks for their best and final offers for First Republic by Sunday afternoon.
First Republic most likely headed for FDIC receivership, sources say; shares drop 30%
The stock has fallen more than 90% this year as investors have lost confidence in the bank after two regional lenders failed in March.
China’s top leaders say the economy doesn’t have enough ‘internal’ drive
China’s top leaders said at a regular meeting Friday that domestic demand is still insufficient, according to state media.
OPEC says IEA should be ‘very careful’ about discouraging oil investments
Oil producer group OPEC on Thursday lashed out at the IEA, saying the energy agency should be “very careful” about undermining industry investments.
Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
Britain’s top competition regulator on Wednesday moved to block Microsoft’s acquisition of video game publisher Activision Blizzard.
No ‘immediate path forward’: CFTC is talking to Binance after launching legal action, official says
The CFTC sued Binance, its CEO Changpeng Zhao and its former chief compliance officer last month.