UBS reports its latest earningsFABRICE COFFRINI | AFP | Getty ImagesUBS is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse, a person with knowledge of the talks said, as the two sides raced to hammer together a deal...
Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. Jonathan Ernst | ReutersFormer President Donald Trump said in a social media post Saturday that he expects to be arrested on Tuesday as a New...
Some of the highest-paying careers are also the fastest-growing. Recent data shows that jobs in science, technology, engineering and mathematics, or STEM, are expected to grow 15% between 2021 and 2031.While tens of thousands of workers have been laid off this year, occupations in the STEM industry remain...
This illustration photo show the Facebook page of former President Donald Trump on a smartphone screen in Los Angeles, March 17, 2023.Chris Delmas | AFP | Getty ImagesFormer President Donald Trump posted to Facebook on Friday for the first time since the Jan. 6, 2021, Capitol riot, which...
Wally Adeyemo at CNBC's Delivering Alpha, Sept. 28, 2022.Scott Mlyn | CNBCWASHINGTON — The record-setting number of emergency loans that were made to banks this week by the Federal Reserve was key to stabilizing withdrawals from small and mid-sized U.S. banks, Treasury Deputy Secretary Wally Adeyemo told CNBC...
Former U.S. President Donald Trump gestures during an event at a fire station following the recent derailment of a train carrying hazardous waste, in East Palestine, Ohio, February 22, 2023.Alan Freed | ReutersFormer President Donald Trump will follow the normal procedure in surrendering to face criminal charges if...
President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed banks "whose mismanagement contributed to their institutions failing.""No one is above the law – and strengthening accountability is an important deterrent to prevent mismanagement in the future," Biden...
Here are Friday's biggest calls on Wall Street: JPMorgan upgrades Chubb to overweight from neutral JPMorgan said the insurance company is defensive. "Our long-term fundamental outlook for CB has been positive, but we have been reluctant to recommend the stock due to concerns about slowing price hikes in...
BEIJING — Chinese President Xi Jinping is set to visit Russia from March 20 to 22, China's Ministry of Foreign Affairs announced Friday.This is Xi's first visit to Russia since the invasion of Ukraine in late February last year.The two leaders last met in Samarkand, Uzbekistan in September....
Short-sellers are sitting on nearly $2 billion in profit from bets against the European banking sector this month so far. And, perhaps surprisingly, Credit Suisse wasn't the most profitable short. Instead, France's biggest bank BNP Paribas topped the list, yielding $357 million in (as yet unrealized) profits for...