Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area where many are unwilling to cut back: their desire to travel. Almost one third (31%) of travelers said that they intend to spend more on travel this year than they did in 2022, according to a recent report from the […]
20231103 – Mount Merapi spews lava during an eruption on Jan. 28, 2023. Devi Rahman | Afp | Getty Images Indonesia’s Merapi volcano erupted on Saturday, spewing hot cloud up to seven kilometres, the country’s disaster management agency said in a statement. The volcano located in Indonesia’s Yogyakarta special region erupted around 12 p.m local […]
Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs. Widely perceived to be pragmatic and business-friendly, the 63-year-old Li faces the daunting task […]
The sudden collapse of Silicon Valley Bank has thousands of tech startups wondering what happens now to their millions of dollars in deposits, money market investments and outstanding loans. Most importantly, they’re trying to figure how to pay their employees. related investing news “The number one question is, ‘How do you make payroll in the […]
Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The collapse of SVB, a key player in the tech and venture capital community, leaves companies and […]
It seemed like only yesterday that markets were sure that a tougher Federal Reserve was going to raise its benchmark interest rate a half percentage point at its meeting in less than two weeks. That’s because it, in fact, was yesterday. On Thursday, traders in the futures market were almost certain the Fed would take […]
February’s consumer inflation report should be a big driver for markets in the week ahead, as investors watch for continued fallout from the shutdown of SVB Financial Group’s Silicon Valley Bank. The consumer price index report on Tuesday is the last major inflation data ahead of the Federal Reserve’s March 21 and 22 meeting. Other […]
Stocks tumbled Friday as tech-focused lender Silicon Valley Bank shut down following losses in its bond portfolio, prompting the biggest bank failure since the global financial crisis and sending shockwaves through the banking sector. The Dow Jones Industrial Average dropped for a fourth consecutive day, finishing 345.22 points lower, or 1.07%, to close at 31,909.64. […]
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Patrick Hillmann, […]
Security personnel keep watch outside the Wuhan Institute of Virology during the visit by the World Health Organization (WHO) team tasked with investigating the origins of the coronavirus disease (COVID-19), in Wuhan, Hubei province, China February 3, 2021. Thomas Peter | Reuters The House of Representatives on Friday unanimously voted to declassify information on possible […]
