A logo is displayed above the headquarters of Deutsche Bank in the Aurora Business Park in Moscow, Russia. Andrey Rudakov | Bloomberg | Getty Images Deutsche Bank Shares were down more than 9% in early trade on Friday after credit default swaps spiked late Thursday as concerns about the stability of European banks persisted. Shares … Read more
In this illustration photo taken on July 16, 2020, Chinese and American flags are seen near the TikTok logo. Florence Rowe | Reuters BEIJING — China said it would “strongly oppose” the forced sale of TikTok, making clear the government’s involvement in the social media giant’s efforts to distance itself from Beijing. The Commerce Department … Read more
Tether Chief Technology Officer Paolo Ardoino said the company expects a $700 million increase in excess reserves for the quarter, which is not over yet. Justin Tallis | AFP | Getty Images Cryptocurrency firm Tether estimated it would post a profit of $700 million in the March quarter, bringing its excess reserves to more than … Read more
U.S. Treasury Secretary Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wong | Getty Images News | Getty Images The report comes from today’s CNBC Daily Open, our new international markets newsletter. The CNBC Daily Open gives investors a quick overview of everything they need to know, no matter … Read more
Credit Suisse Chairman Axel Lehmann, UBS Chairman Colm Kelleher, Swiss Finance Minister Karin Keller-Sutter, Swiss President Alain Berset, Swiss National Bank (SNB) President Thomas Jordan, Marlene Amstad, March 19, 2023 The chairman of the Swiss Financial Market Supervisory Authority (FINMA), from left to right, during a news conference in Bern, Switzerland, on Sunday. Pascal Mora … Read more
Several executives interviewed by CNBC said that encryption companies have been frustrated by the lack of clear industry rules from the US government and the aggressive action taken by the US Securities and Exchange Commission against digital currency companies. Unlike other countries, the U.S. has yet to come up with a comprehensive framework or set … Read more
Treasury Secretary Yellen says emergency action could be taken again to support banks if needed Treasury Secretary Janet Yellen said on Thursday the federal emergency action was used to support clients of Silicon Valley Bank and Signature Bank Can be used again if necessary. “We have used important tools to act quickly to prevent contagion. … Read more
U.S. Treasury Secretary Janet Yellen testifies at a House subcommittee hearing in Washington, D.C. Alex Wong | Getty Images News | Getty Images The report comes from today’s CNBC Daily Open, our new international markets newsletter. The CNBC Daily Open gives investors a quick overview of everything they need to know, no matter where they … Read more
Investors focused on bank stocks while digesting the rate hike. Source link
Aaronp/Bauer-Griffin | GC Image | Getty Images Check out the companies with the biggest midday moves: Netflix — Shares of the streaming giant jumped 9.01% after a report from YipitData said the company’s total Canadian additions improved. YipitData could not immediately be reached for comment on the report. jam — Shares plummeted 14.82% The short-selling … Read more