Finance
Powell says the Fed is ‘not far’ from the point of cutting interest rates
Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Semiannual Monetary...
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NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1...
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China’s central bank governor says there’s room to cut banks’ reserve requirements
China's central bank governor said there was room to further cut banks' reserve requirements, and pledged to utilize monetary policy...
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NYCB shares rebound after troubled regional bank announces $1 billion capital raise
Struggling regional lender New York Community Bancorp announced a $1 billion capital raise and a leadership shakeup on Wednesday, headlined...
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China’s top securities regulator vows to ‘strictly’ crack down on market manipulators
A securities business hall in Fuyang, China, in December 2023.Costfoto | Nurphoto | Getty ImagesBEIJING — China's top securities regulator...
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Fed Chair Powell testifying to House on Wednesday. What investors are expecting
Jerome Powell, chair of the Federal Reserve, during a House Financial Services Committee hearing in Washington, D.C., on June 21,...
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Read Warren Buffett’s 2024 annual letter to shareholders
Warren Buffett tours the floor ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, NE.David A. Grogan | CNBCWarren...
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Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again
A sign is pictured above a branch of New York Community Bank in Yonkers, New York, on Jan. 31, 2024.Mike...
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‘Last chance saloon’: UK finance minister expected to pledge pre-election tax cuts
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year.Hannah Mckay |...
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Warren Buffett calls the late Charlie Munger ‘part older brother, part loving father’ in heartfelt tribute
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBCWarren...
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