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Tag: banking
17 days ago
cnn.com

Wells Fargo is retreating from the mortgage market it once led | CNN Business

Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back.

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17 days ago
cnn.com

Two global recessions in one decade? That hasn't happened in over 80 years | CNN Business

The global economy is just one more knock away from a second recession in the same decade, something that hasn't happ...

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18 days ago
cnn.com

Goldman Sachs will lay off up to 3,200 workers this week | CNN Business

Goldman Sachs will lay off as many as 3,200 employees this week as an uncertain economic and market climate pushes th...

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23 days ago
cnn.com

Chaos in Congress sends an ominous signal to Wall Street | CNN Business

Many on Wall Street cheered last fall when the midterm elections ushered in a return of divided government in Washing...

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24 days ago
cnn.com

Get ready for a 'slowcession' in 2023, Moody's says | CNN Business

Many CEOs, investors and consumers are worried about a recession in 2023. But Moody's Analytics says the more likely ...

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25 days ago
cnn.com

Recession or soft landing? Five reasons to be cautiously optimistic about 2023 | CNN Business

Last year was dominated by scary headlines about crushing inflation, super-sized interest rate hikes and mounting rec...

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28 days ago
cnn.com

A stomach-churning year for markets in 5 charts | CNN Business

Wall Street is bidding goodbye — and good riddance — to 2022. It has been a year most investors would rather forget.

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29 days ago
cnn.com

Here's what could tip the global economy into recession in 2023 | CNN Business

The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing c...

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about 1 month ago
cnn.com

Exclusive: $4 gas could return as soon as May, GasBuddy projects | CNN Business

Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back ...

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about 1 month ago
cnn.com

FTX co-founder and ex-chief of hedge fund Alameda Research each pleaded guilty to multiple charge...

Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to multiple criminal charges ...

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about 1 month ago
cnn.com

Corporate America isn't afraid of the Fed's monster rate hikes | CNN Business

The Federal Reserve's super-sized interest rates are not scaring most companies into cutting back on spending, accord...

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about 1 month ago
cnn.com

Morgan Stanley warns US profits could drop like in 2008, tanking stocks | CNN Business

One of Wall Street's top executives is worried about a repeat of 2008. At least, partially.

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about 1 month ago
cnn.com

Wells Fargo ordered to pay $3.7 billion for 'illegal activity' including unjust foreclosures and ...

Federal regulators fined Wells Fargo $1.7 billion on Tuesday for "widespread mismanagement" over multiple years that ...

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about 1 month ago
cnn.com

Tesla gets downgraded on Wall Street over Elon Musk's Twitter antics, banning of journalists | CN...

Elon Musk's management of Twitter, including the banning of multiple journalists, has "severely damaged" market senti...

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about 1 month ago
cnn.com

Biden begins to refill Strategic Petroleum Reserve, while Keystone Pipeline leak prompts new emer...

The Biden administration announced plans Friday to provide nearly 2 million barrels of oil to refineries through an e...

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about 1 month ago
cnn.com

Gas prices tumble to 15-month low. Sub-$3 could be next | CNN Business

The plunge in gasoline prices hit another milestone on Friday, with the national average sinking to the lowest level ...

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about 1 month ago
cnn.com

Starbucks union organizers wanted credit-card tipping. Now they're being left out | CNN Business

While a debate unfolds online about Starbucks' new credit and debit card tipping option, some workers are frustrated ...

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about 1 month ago
cnn.com

An electric scooter company just pulled off Russia's only IPO of the year | CNN Business

An electric scooter service just became the only company to pull off an initial public offering in Russia this year.

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about 1 month ago
cnn.com

Elizabeth Warren unveils bipartisan bill to crack down on crypto money laundering | CNN Business

As federal prosecutors seek to imprison former crypto darling Sam Bankman-Fried, Sen. Elizabeth Warren is attempting ...

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about 1 month ago
cnn.com

Binance withdrawals jump to $3 billion in 24 hours, research firm says | CNN Business

Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as t...

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about 2 months ago
cnn.com

Inflation may be easing, but grocery prices are still way up | CNN Business

Once again, food inflation is outpacing overall inflation.

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about 2 months ago
cnn.com

Inflation is finally falling. But the days when prices rose just 2% may never return | CNN Business

For the first time in decades, people in Europe and North America have been forced to contend with the harsh conseque...

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about 2 months ago
cnn.com

SEC charges Sam Bankman-Fried with defrauding FTX investors as he built a crypto 'house of cards'...

The Securities and Exchange Commission charged Sam Bankman-Fried on Tuesday with defrauding investors and customers i...

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about 2 months ago
cnn.com

Janet Yellen: Inflation will be 'much lower' by the end of 2023 and a recession isn't required | ...

Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation coo...

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about 2 months ago
cnn.com

The UK just had a major market scare. Now it wants to relax financial rules | CNN Business

Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British governm...

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about 2 months ago
cnn.com

Shoppers are dipping into savings and going into debt. That could cause a holiday hangover | CNN ...

Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start.

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about 2 months ago
cnn.com

Oil prices jump 4% after Keystone Pipeline shut due to leak | CNN Business

US oil prices climbed 4% Thursday morning after the Keystone Pipeline was shut down following a leak discovered near ...

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about 2 months ago
cnn.com

US gas prices are now cheaper than they were a year ago | CNN Business

US gasoline prices are now cheaper than they were one year ago, providing relief to Americans that have spent 2022 gr...

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about 2 months ago
cnn.com

US oil plunges below $75 for first time since just before Christmas | CNN Business

Oil prices have tumbled to their lowest level of the year as worries about the health of the economy overshadow conce...

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about 2 months ago
cnn.com

The looming debt ceiling fight could be the messiest since 2011, Goldman Sachs says | CNN Business

Republicans and Democrats are likely to clash next year over the debt ceiling, a fight that could rock financial mark...

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about 2 months ago
cnn.com

The West just scrambled the oil market. What happens next is up to Russia | CNN Business

Most Russian crude oil exports to Europe are now banned, marking the boldest effort yet by the West to pile financial...

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about 2 months ago
cnn.com

Another OPEC? Indonesia hopes for a cartel for battery metals | CNN Business

Indonesia produces more nickel than any other country. As demand soars for batteries to power the energy transition, ...

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about 2 months ago
cnn.com

OPEC sticks with supply cuts as West tightens sanctions on Russian oil | CNN Business

OPEC and its allies decided Sunday to stick with their existing policy of curtailing oil output, just hours before ne...

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about 2 months ago
cnn.com

Europe agrees to cap the price of Russian oil at $60 a barrel | CNN Business

The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most ...

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about 2 months ago
cnn.com

Why Mark Zandi says the US economy will narrowly avoid a recession | CNN Business

Inflation is cooling. Consumers are still spending. And hiring is slowing — but not collapsing. That's why Moody's An...

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about 2 months ago
cnn.com

US gas is cheaper than before Russia invaded Ukraine | CNN Business

Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Uk...

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2 months ago
cnn.com

The West is struggling to set an oil price cap that hurts Russia | CNN Business

Allies of Ukraine want to put a price limit on Russian oil. But there's a problem: They can't agree on a number that ...

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2 months ago
cnn.com

Is the dollar's relentless rise coming to an end? | CNN Business

The story of financial markets and the global economy this year has been written in part by the dramatic rise of the ...

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2 months ago
cnn.com

Singapore defends its treatment of Binance after FTX 'debacle' | CNN Business

Singapore's central bank has responded to criticism of its treatment of two of the world's largest crypto exchanges, ...

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