German regulator warns of a ‘nervous time’ for banks, predicts stress in the property market
The banking sector has been under the spotlight since March with the collapse of Silicon Valley Bank and the rescue of several other embattled lenders.
Financial News
The most important thing Warren Buffett said Saturday, and it isn’t good news for the economy
Warren Buffett, whose conglomerate is viewed as a barometer for the U.S. economic health, didn’t sound so cheery about the near future.
Yellen warns of ‘economic chaos’ unless Congress raises the debt ceiling
Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a “steep economic downturn” in the U.S.
Berkshire Hathaway’s operating earnings increase 12% in the first quarter, cash hoard tops $130 billion
Berkshire Hathaway’s operating earnings jumped in the first quarter, thanks in part to a rebound in the conglomerate’s insurance business.
WHO declares end to Covid-19 global public health emergency
The end of the Covid emergency comes more than three years after the WHO first issued the declaration in January 2020.
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.
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.