Financial Services

May 3, 2023

Stock market today: Wall Street drifts higher ahead of Fed

Stocks are drifting higher in early trading ahead of what Wall Street hopes will be the last hike to interest rates for a long time


Stock market today: Asian markets mixed after US rate hike
May 3, 2023

Stock market today: Asian markets mixed after US rate hike

Asian stock markets are mixed after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it isn’t sure what may come next


Australian central bank hikes interest rate to 3.85%
May 2, 2023

Australian central bank hikes interest rate to 3.85%

Australia’s central bank has surprised markets by increasing its benchmark interest rate by a quarter percentage point to 3.85% despite pausing its climb last month and new evidence that inflation is slowing


Stock market today: Global stocks mixed after bank failure
May 2, 2023

Stock market today: Global stocks mixed after bank failure

Global shares are trading mixed with some markets closed or anticipating holidays and investors showing muted reaction to the latest U.S. banking failure


May 2, 2023

Stock market today: Wall Street subdued before Fed meeting

Stocks are slipping in early trading as Wall Street waits for the Federal Reserve’s latest move on interest rates and watches Washington edge closer to what would be a catastrophic default on U.S. government debt


Stock market today: Asian markets track Wall Street decline
May 2, 2023

Stock market today: Asian markets track Wall Street decline

Asian shares have declined, tracking losses on Wall Street as shares of beleaguered banks tumbled again and worries about the economy deepened


Why First Republic failed. Are other banks to follow?
May 1, 2023

Why First Republic failed. Are other banks to follow?

First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks


FDIC recommends raising insured deposit limit for businesses
May 1, 2023

FDIC recommends raising insured deposit limit for businesses

The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits


Is my money safe? What you need to know about bank failures
May 1, 2023

Is my money safe? What you need to know about bank failures

Recent bank failures may have you worried about your money


First Republic in limbo as US regulators juggle bank's fate
May 1, 2023

First Republic in limbo as US regulators juggle bank's fate

Regulators are searching for a solution to First Republic Bank’s woes, hoping to find a way forward before U.S. stock markets open Monday



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.