WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said on Sunday, as a European Central Bank official also flagged a possible tightening in lending. Authorities around the world are on high alert for the fallout from … Read more
WASHINGTON, March 15 (Reuters) – The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move, first reported by the Wall Street Journal, is the most dramatic in a series of recent steps by U.S. … Read more
Feb retail sales, producer inflation fall Credit Suisse U.S. shares hit record low Regional bank stocks fall sharply Indexes down: Dow 1.30%, S&P 1.23%, Nasdaq 0.91% March 15 (Reuters) – U.S. stocks dropped on Wednesday as turbulence at Credit Suisse renewed fears of a banking crisis, while data hinting at economic weakness kept alive hopes … Read more