Author: News Room

By Stefania Spezzati and Oliver Hirt LONDON/ZURICH (Reuters) -A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders’ vulnerabilities – including in Switzerland, where the bank’s takeover by rival UBS created a behemoth. The Swiss government-sponsored rescue of Credit Suisse and U.S. bank salvages in March 2023 doused the immediate fires kindled by a run at little-known U.S. regional lender Silicon Valley Bank. But regulators and lawmakers are only starting to address how banks could better withstand deposit runs, and whether they need easier access to emergency cash.  A top global financial watchdog…

MOSCOW (Reuters) – Russian billionaire Oleg Deripaska has said that Western investors should not be pressured to sell their Russian assets, a practice he said was dishonest, short-sighted and harmful to the Russian and global economies. Since Russia invaded Ukraine in 2022, many Western companies have fled Russia and some of their holdings have been put under state management, with allies of President Vladimir Putin gaining day-to-day control. Some Western investors who have remained in Russia say they have come under pressure to sell up, being offered bargain-basement prices and threatened with effective expropriation. “Pushing foreign companies to sell their…

The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. The sound, so iconic it is trademarked, reverberates across the trading floor again just before 4 pm ET, when the stock market closes. Once a hubbub of screaming floor brokers and countless sheets of paper strewn on the ground, much of the trading is now electronic in NYSE’s hybrid market. The mayhem has largely died down. From…

Dow Jones follows other indices lower on Friday. UoM Consumer Sentiment Index ticked lower. June rate cut bets have edged down to 60%. The Dow Jones Industrial Average (DJIA) is down around half a percent as markets round the corner into the Friday closing bell with US equities broadly lower on the day. An extended pullback in the tech and telecoms sectors are dragging down the averages, with limited gains to keep the Dow Jones on-balance as markets buckle down for the weekend. According to the CME’s FedWatch Tool, rate futures are pricing in nearly a 41% chance of no rate…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market reversal : The stock market on Thursday initially shrugged off the before-the-bell release of a stronger-than-expected increase in February producer prices. Stocks gained ground, as investors appeared to be willing to again look past an elevated inflation number and a rise in bond yields like they did following Tuesday’s uptick…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Today, confidentiality is ingrained in our online interactions and ensures that sensitive information stays private and secure. From online payments, such as Venmo, to enterprise supply chains, multiple facets of our digital world rely on the confidentiality of data. As web3 evolves from a concept into a reality, the need for on-chain composable confidentiality remains a significant barrier to its widespread adoption. While decentralization and transparency are core tenets of decentralized technologies, absolute transparency isn’t relevant to…

There are several tactics you can employ to impress a prospective employer during a job interview.Tell your interviewer what excites you about the role, for example. This shows you’re a passionate person who is genuinely interested in the opportunity. Ask what problem you can solve for them on day one to start setting yourself up for success if you get hired. Nod and smile while the interviewer is speaking to show you’re confident and capable.There are, of course, a few behaviors you’ll want to avoid, such as phrases that could turn your interviewer off. Some are “major red flags,” says…

The rallies start with a recording of January 6 prisoners singing the national anthem. Campaign staff hand out pre-made “Too Big to Rig” signs to supporters. When the candidate takes the stage, he calls the rioters “people who love our country” and “hostages unfairly imprisoned for long periods of time.” There is nothing subtle about how central Donald Trump has made January 6, 2021, to his campaign. More than just continuing to feed denialism and conspiracies about the 2020 election, he is constantly distorting the reality of what happened that day, preaching vindication to his base of voters. In ways big…

Since Wednesday, the Big East has sold out its men’s basketball tournament games at Madison Square Garden. That is not unusual. The event has routinely had sellouts since it came to MSG in 1983, and that will likely continue for at least several more years. Before Friday night’s semifinals, the Big East announced that it had struck a deal with MSG to hold the tournament at the venue through 2032, which will be the 50th anniversary of the event at the Garden. The previous contract was set to expire in 2028. Joel Fisher, MSG’s executive vice president of marquee events…

Key News Asian equities were largely higher except for South Korea, Mainland China, and Hong Kong. Macro/top-down and micro/bottom-up factors weighed on the markets, though one could also argue they were due for a breather after a strong run from January lows. The “Two Sessions” policy meetings have provided verbal policy support for the economy, though markets will want to see exact measures to be enacted. I jinxed things yesterday by mentioning the resiliency of the Chinese markets despite a very negative Western media narrative. The House’s TikTok ban vote weighed on investor sentiment as recent growth stock/sector outperformers underperformed.…