Financial Services

European Central Bank vows backstop against market turmoil
Jun 15, 2022

European Central Bank vows backstop against market turmoil

The European Central Bank has vowed to come up with a new, unspecified market backstop that could be used to buffer some countries against bond market turmoil similar to what shook the 19-country eurozone during a debt crisis more than a decade ago


Stocks open higher ahead of Fed decision on interest rates
Jun 15, 2022

Stocks open higher ahead of Fed decision on interest rates

Stocks are opening higher on Wall Street Wednesday but remain sharply lower for the week as trading remains volatile ahead of a closely watched decision later in the day on interest rates from the Federal Reserve


European Central Bank gathers after borrowing costs rise
Jun 15, 2022

European Central Bank gathers after borrowing costs rise

The European Central Bank’s rate-setting council will hold an unscheduled meeting “to discuss market conditions” as borrowing costs for several countries have risen after the bank said it would raise interest rates


Europe stocks up, Asia mixed ahead of Fed rate hike decision
Jun 15, 2022

Europe stocks up, Asia mixed ahead of Fed rate hike decision

Asian stock markets are mixed while Europe opened higher ahead of a Federal Reserve decision on how sharply to raise interest rates to cool inflation


EXPLAINER: Recession fears grow. Just how high is the risk?
Jun 14, 2022

EXPLAINER: Recession fears grow. Just how high is the risk?

Inflation is at a 40-year high


US stocks open higher a day after falling into bear market
Jun 14, 2022

US stocks open higher a day after falling into bear market

Stocks are edging higher in early trading on Wall Street Tuesday, finding some stability a day after dropping into a bear market


World shares steady after Wall Street sinks into bear market
Jun 14, 2022

World shares steady after Wall Street sinks into bear market

Shares have opened mostly higher in Europe after Asian shares recovered from the worst of their losses following Wall Street's tumble into what’s called a bear market


US futures point to a bear market; here’s what that means
Jun 14, 2022

US futures point to a bear market; here’s what that means

Wall Street looks like it will open the week with more losses, with the S&P 500 falling to a level that market observers consider to be a so-called bear market


Jun 13, 2022

Business Highlights: Bear market, Bitcoin plunge

Business Highlights: A summary of the day’s top stories in the business world


Stocks slump on Wall Street, moving closer to a bear market
Jun 13, 2022

Stocks slump on Wall Street, moving closer to a bear market

Stocks are opening sharply lower on Wall Street as inflation worries mount, pushing the S&P 500 closer to a bear market decline of 20% from the peak it reached early this year



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.