When two tech-related US banks failed this month, among investors who lost millions were public sector pension funds responsible for guaranteeing the pensions of teachers, firefighters and other government workers. Pension funds, like others, have benefited from bull markets and,…
Ministers should give the go-ahead this year to mix hydrogen into the UK’s gas network as long as it is demonstrably safe, according to the government’s adviser on low-carbon gas. The recommendation is one of the main findings of a…
Energy stocks tumbled last week as oil prices hit a 15-year low, with markets reeling from the banking crisis. The energy sub-sector in the S&P 500 fell 7% last week, though it has since recovered, rising more than 2% in…
For 40 years, former President Donald Trump has conducted countless legal investigations without ever facing criminal charges. That record may be coming to an end. Trump could be indicted by a Manhattan grand jury as soon as this week, potentially…
First Republic has hired investment bank Lazard to help explore strategic options after the lender’s shares fell in the wake of the shuttering of Silicon Valley Bank. Lazard is teaming up with JPMorgan Chase to advise First Republic on potential…
BlackRock Rick Rieder said it is not clear whether there are additional shoes to put in the banking system, but he does not see some tightening of debt and that can hurt the economy. “When you move the fund rate…
There are some good things coming out of the pandemic — remote work for one, cocktails to go, and low mortgage rates. And homeowners who lock in mortgage rates around 2% or 3% could be big financial winners from the…
US stocks advanced on Tuesday as investors appeared confident in efforts to reduce contagion risks in the financial system and looked ahead to the Federal Reserve’s next interest rate decision. The blue-chip S&P 500 index added 1.3 percent and the…
Some investors worry that the Federal Reserve will have a difficult time using tools to fight inflation and calm the banking system. The Fed begins its second meeting on Tuesday morning, and is expected to raise interest rates again. Futures…
Google announced Tuesday that it’s allowing more people to interact with “Bard,” an artificially intelligent chatbot the company built to counter Microsoft’s early lead in a key technology battleground. In Bard’s next phase, Google opened a waiting list to use…