Russian President Vladimir Putin and Chinese President Xi Jinping at the Kremlin in Moscow, Russia, March 21, 2023. Xinhua News Agency | Xinhua News Agency | Getty Images BRUSSELS – China’s relationship with Russia has caused discomfort and division in…
Much has been made of the tech exodus from California to lower Texas taxes during the COVID-19 pandemic. But a new report found that the deal was not what many thought. Although Texas does not have a state-level personal income…
US equities advanced at the open in New York on Thursday as investors digested several central bank rate hikes that came despite turmoil in the banking sector. The blue-chip S&P 500 rose 1.2 percent while the tech-heavy Nasdaq Composite gained…
PacWest Bancorp has weathered a large withdrawal in deposits, and regional bank stocks are now set to rebound, according to Piper Sander. Analyst Matthew Clark reiterated his overweight rating on the stock in a note Wednesday afternoon, saying the company…
Hyundai and Kia are telling owners of more than 571,000 SUVs and minivans in the U.S. to park outdoors because towing harnesses can catch fire when parked or driven. An affiliated Korean automaker is recalling the vehicle and warning people…
The Bank of England has increased interest rates by a quarter of a percentage to 4.25 percent, despite the turmoil that has engulfed banking in recent weeks. The rise, which was in line with economists’ forecasts, came a day after…
US Treasury Secretary Janet Yellen testifies before the Senate Appropriations Financial Services and General Government Subcommittee on President Biden’s proposed budget request for the Treasury Department for fiscal year 2024, on Capitol Hill in Washington, March 22, 2023. Evelyn Hockstein…
Bill Ackman, the hedge fund billionaire, says the US economy is at risk heading for the “train wreck,” after Wednesday’s interest rate hike and comments from US Treasury Secretary Janet Yellen pushing for universal guarantees for banks. “We have gone…
TikTok chief executive Shou Zi Chew will face attacks on multiple fronts when he testifies before Congress on Thursday, with views that will help define the future of the social media app in the US. Bipartisan calls to ban the…
Travelers at passport control at Shanghai Pudong International Airport on March 12, 2023, in Shanghai, China. The country, in its latest economic data release, saw a rather muted start to the post-Covid year, with industrial production during the first month…