WASHINGTON, March 24 (Reuters) – The U.S. multi-regulatory Financial Stability Oversight Board agreed on Friday that the U.S. banking system remains “sound and resilient” despite strains on some institutions, the U.S. Treasury said in its latest statement. to calm nervous markets and bank depositors. In a reading from a closed-door meeting chaired by Treasury Secretary … Read more
NEW YORK, March 23 (Reuters) – Hundreds of workers at Walmart’s five U.S. facilities that process e-commerce orders are told to find jobs within 90 days at other company locations, a doorman confirmed. -talk to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and … Read more
March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in continuing to hike interest rates, saying Britain’s banking sector was strong enough to withstand the instability that caught on in the markets this month. Relentless rate hikes to curb inflation are among the factors responsible … Read more
March 22 (Reuters) – U.S. authorities are expected on Wednesday to consider measures to further bolster financial stability, as well as scenarios to address the problems still facing regional lender First Republic Bank. As the recent market turmoil has eased, the Federal Reserve meeting is now in focus, with traders divided on whether the US … Read more
March 21 (Reuters) – Shohei Ohtani knocked out Mike Trout in a showdown between two of the game’s best players to seal Japan’s 3-2 victory over the United States in a thrilling World Baseball Classic final ( WBC) at LoanDepot Park in Miami on Tuesday. Baseball is the national pastime of the United States, but … Read more
Brussels proposes an exception for electric fuel cars from 2035 Germany still considering draft EU proposal Berlin sees the state of technology as problematic Objective to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new cars with internal combustion engines … Read more
March 21 (Reuters) – As crisis grips the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The infamously volatile cryptocurrency looks positively buoyant, much like a banking meltdown pushes markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 lost 1.4% … Read more
WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more
Credit Suisse tumbles more than 60% after emergency weekend takeover European banks recover ground after initial 5% drop Government bonds and gold rally as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European bank stocks retaliated on Monday after an early slump and the interactive rush for … Read more
LONDON, March 20 (Reuters) – Some of the world’s leading flu vaccine makers say they could make hundreds of millions of bird flu vaccines for humans within months if a new strain of bird flu crosses the division. some change. A current outbreak of bird flu known as H5N1 clade 2.3.4.4b has killed record numbers … Read more
