The national-security and mental-health risks posed by TikTok are shared by other social media platforms, according to an advocacy group that’s urging Congress to also hold US companies accountable ahead of high-profile testimony from TikTok’s chief executive officer.
A week of banking turmoil is sparking a rout across the systematic-investing world akin to the Covid-era disruption, hammering quants who were just finding their feet after a challenging start to the year.
Bank stocks avoided another tumble Monday after the historic takeover of Credit Suisse Group AG, yet investor sentiment remains fragile following a $1 trillion plunge this month in global financial shares.
Switzerland’s Greens and Social Democrats intend to call a special joint session of both houses of parliament over the government-brokered takeover of Credit Suisse Group AG by UBS Group AG.
Volkswagen AG’s planned sale of two Russian units is on hold after sanctioned billionaire Oleg Deripaska’s GAZ Group won a court order to freeze the German carmaker’s non-cash assets.
Toronto-Dominion Bank’s top executive said this month the lender is “fully committed” to the $13.4 billion takeover of First Horizon Corp. The market doesn’t buy it.
Donald Trump’s 2018 rollback of bank regulations is haunting Senator Kyrsten Sinema following the collapse of Silicon Valley Bank.
European Union member states reached an agreement that aims to provide Ukraine with 1 million rounds of artillery ammunition over the next year.
Reception has so far been mixed: Firms like Bank of America have banned the tool while others like Citadel have embraced it.
Leon Cooperman said he expects the Federal Reserve to raise interest rates another quarter-point at its meeting this week as it tries to quell the turmoil engulfing the banking industry.
