Finance

The Swiss National Bank hikes interest rates again. FABRICE COFFRINI / Contributor / Getty Images The Swiss National Bank increased its benchmark interest rate Thursday for the third time this year, taking it to 1%. The central bank said it was looking to counter “increased inflationary pressure and a further spread of inflation” with the

The Federal Reserve will hike interest rates to as high as 5.1% in 2023 before the central bank ends its fight against runaway inflation, according to its median forecast released Wednesday. The expected “terminal rate” of 5.1% is equivalent to a target range of 5%-5.25%. The forecast is higher than the 4.6% projected by the

TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with multiple criminal charges December 13, 2022, accused of committing one of the biggest financial frauds in US history. Bankman-Fried will

LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Images LONDON — The Bank of England on Tuesday called for “urgent international action” from regulators on non-bank financial institutions

In this article NCLH MRNA ORCL PINS Follow your favorite stocksCREATE FREE ACCOUNT Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Moderna – The drugmaker saw its stock soar 19.6% after

FTX logo on mobile screen with crypto coins are displayed for illustration. Jonathan Raa | Nurphoto | Getty Images Charges continue to mount for disgraced FTX co-founder Sam Bankman-Fried, with the Commodity Futures Trading Commission unveiling new charges Tuesday against the onetime crypto billionaire, alleging that FTX commingled customer funds and that Bankman-Fried violated the

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New

In this article BMO-CA TRMB ORCL Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of Oracle headquarters on December 12, 2022 in Redwood Shores, California. Oracle will report second quarter earnings today after the closing bell. Justin Sullivan | Getty Images Check out the companies making headlines after the bell:  Oracle

Take a look at some of the biggest movers in the premarket: Horizon Therapeutics (HZNP) – The drugmaker’s shares surged 14.7% in the premarket after it agreed to be bought by Amgen (AMGN) for $116.50 per share in cash, with the deal valued at $27.8 billion. Amgen shares fell 2.6%. related investing news Here are

The appetite for Treasury inflation-protected securities ETFs, otherwise known as TIPS, may soon increase. According to Charles Schwab’s D.J. Tierney, these investments are becoming more appealing as the economy shows further signs of a slowdown. “With the rate move upward and inflation breakevens, [TIPS ETFs] might make more sense right now than they did a

In this article RENT CIEN OXM GME Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest

U.S. prosecutor Marshall Miller (C), William Nardini (R) and Kristin Mace attend a news conference in Rome February 11, 2014. Tony Gentile | Reuters Banks and other corporations that proactively report possible employee crimes to the government instead of waiting to be discovered will get more lenient terms, according to a Justice Department official. The

One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The U.K. government on Friday announced extensive reforms to financial regulation that it says will overhaul EU laws that

In this article NFLX AVGO COST LULU Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon slid 7.1% in the premarket after the athletic apparel maker issued a weaker-than-expected outlook. Lululemon reported better-than-expected profit and revenue for its latest quarter, but it saw a smaller-than-expected

In this article BBWI COST DOCU NFLX CVNA TSLA BYND LULU Follow your favorite stocksCREATE FREE ACCOUNT SOPA Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday: Lululemon — Shares of Lululemon fell 12.85% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. In the third quarter, the

In this article .SPX Follow your favorite stocksCREATE FREE ACCOUNT Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on Dec. 1, 2021 in New York. Bryan R. Smith | Afp | Getty Images If history is a guide, stock investors may be poised to get

In this article AI PVH RENT Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday trading Thursday. GameStop —  Shares of the video game

In this article COST DOCU LULU Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Lululemon – Shares of athletic apparel company Lululemon

Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a paid spokesman for the now collapsed crypto exchange that some have called fraudulent. O’Leary and other celebrities, such as Tom Brady and Larry David, were sued by FTX investors who

Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday.