Financial Services

Yellen says ransomware attack on China's biggest bank minimally disrupted Treasury market trades
Nov 10, 2023

Yellen says ransomware attack on China's biggest bank minimally disrupted Treasury market trades

U.S. Treasury Secretary Janet Yellen is suggesting that a ransomware attack that forced China’s biggest bank to take some systems offline only minimally disrupted the U.S. Treasury market


UBS reports pre-tax loss in 3Q but says benefits of Credit Suisse merger gather steam
Nov 7, 2023

UBS reports pre-tax loss in 3Q but says benefits of Credit Suisse merger gather steam

UBS has reported a $255 million pre-tax loss, shed some 4,000 jobs globally, cut costs faster than expected, and reaped billions in asset inflows in the third quarter


Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed well
Nov 4, 2023

Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed well

Warren Buffett's company has reported a $12.8 billion loss as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well


Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates
Nov 1, 2023

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates

Asian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month


Nov 1, 2023

Stock market today: Wall Street drifts as it counts down to a decision by the Federal Reserve

Stocks are drifting as Wall Street waits to hear what will come out of the Federal Reserve’s latest announcement on interest rates


Stock market today: Wall Street drifts higher as it counts down to a decision by the Federal Reserve
Nov 1, 2023

Stock market today: Wall Street drifts higher as it counts down to a decision by the Federal Reserve

Stocks are drifting higher as Wall Street waits to hear what will come out of the Federal Reserve’s latest announcement on interest rates


Stock market today: Wall Street rises after Federal Reserve holds steady on interest rates
Nov 1, 2023

Stock market today: Wall Street rises after Federal Reserve holds steady on interest rates

U.S. stocks are rallying after the Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy


As Trump tried to buy Buffalo Bills, bankers doubted he'd get NFL's OK, emails show at fraud trial
Oct 31, 2023

As Trump tried to buy Buffalo Bills, bankers doubted he'd get NFL's OK, emails show at fraud trial

Internal emails shown at Donald Trump's civil fraud trial reveal that when he tried to buy the Buffalo Bills in 2014, investment bankers doubted the NFL would allow it but encouraged him to stay in the running


China holds major financial conference as leaders maneuver to get slowing economy back on track
Oct 30, 2023

China holds major financial conference as leaders maneuver to get slowing economy back on track

China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing


Stock market today: Asian shares mostly fall as investors look ahead to economic data
Oct 30, 2023

Stock market today: Asian shares mostly fall as investors look ahead to economic data

Asian shares are trading mostly lower as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.