Financial regulators on Friday ordered Silicon Valley Bank (SVB) to shut down and named...
Oil Prices Down 1% as Traders Worry about Fed’s Further Rate Hikes
Oil prices saw little losses on Friday as traders remained cautious about the US...
SVB Financial Shares Plunge 60% on Stock Sale Plan to Offset Bond Losses
Shares of SVB Financial, a tech-focused bank, dropped by as much as 60% on...
President Biden’s New Proposal Would Double Capital Gains Tax to 39.6%
US President Joe Biden urges for higher tax rates on billionaires and levies on...
“Fed Has No Exit Strategy for Rate Cycle,” Economist Says
The Fed Fund Futures now has a 53% probability of a 50 basis point...
Oil Dips on US Rate-Hike Concerns despite Surprise Stockpile Fall
Despite an unexpected fall in US crude inventories, oil prices dropped in early Asia...