Lawmakers continue to hammer banking regulators over SVB’s collapse. Russia detains an American journalist from the Wall Street Journal. It’s the opening day of Major League Baseball. The pressure is on Steve Cohen’s Mets. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, United States, March 29, 2023. Brendan … Read more
JetBlue is preparing to cut dozens of weekly flights in the New York area this spring and summer in response to a shortage of air traffic controllers. Last week, the Federal Aviation Administration unveiled a new plan to help avoid a repeat of the 2022 flight disruptions. “We don’t want to disrupt flights,” CEO Robin … Read more
A view of a Canadian sportswear retailer’s Lululemon logo seen in one of their stores. Alex Tai | light flare | Getty Images Check out the companies making headlines on Wednesday at noon. Lululemon – Shares of the activewear company soared more than 13% after the company reported strong holiday quarter earnings and revenue that … Read more
House lawmakers ripped into top U.S. banking regulators on Wednesday, questioning their competence and saying examiners were asleep at the wheel, in a second day of congressional hearings this week into how Silicon Valley Bank and Signature Bank collapsed virtually overnight on March 10 and 12. “We need competent financial supervisors, but Congress cannot legislate … Read more
Sen. Tim Scott, RS.C., right, greets off-camera Michael Barr, Vice Chairman for Oversight of the Federal Reserve Board of Governors, in the Dirksen Building on Tuesday, March 28, 2023. tom williams | Cq-roll Call, Inc. | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates … Read more
Micron Technology headquarters in Boise, Idaho on March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Check out the companies making headlines on Tuesday at noon. PagSeguro – Shares jumped 5.3% after Citi upgraded Brazilian payment stock to buy from neutral. The company called the company’s fourth quarter results unsurprising and said it was … Read more
Bloomberg News reported on Saturday that U.S. officials are considering expanding federal programs that provide banks with liquidity, in part to help the First Republic while it searches for a buyer. CNBC reported on Saturday that deposit inflows to big banks from smaller regions have slowed significantly. Regional bank stocks have come under significant pressure … Read more
Saudi National Bank Chairman Ammar al-Khudairy has resigned from his post. He will be replaced by the managing director and CEO of the SNB group, Mohammed al-Ghamdi. Al-Khudairy’s resignation comes days after his mid-March comments that SNB was unlikely to increase its stake in Credit Suisse, at a time when the European lender was battling … Read more
19 minutes ago CNBC Pro: Here’s how to spot a good growth stock, according to a fund manager “As a growth manager… how do you identify good growth companies?” Fund manager Ian Mortimer told CNBC Pro Talks on Wednesday as he shared his strategy for spotting outperforming stocks. Mortimer manages the growth and innovation-focused Guinness … Read more
A branch of Deutsche Bank AG in the financial district of Frankfurt, Germany, Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates investors on everything they need to know, wherever they are. Like what you see? … Read more
