The board of Sweden’s biggest pension fund, Alecta, has instructed its chief executive officer to immediately initiate an investigation into its $2.1 billion bet on three niche banks tied to the collapse of Silicon Valley Bank.
Applications for US unemployment benefits fell last week by the most since July, as claims in New York plunged, reversing a spike in the previous week.
European Central Bank Vice President Luis de Guindos told finance ministers on Tuesday that some European Union banks could be vulnerable to financial strain due to rising interest rates.
Credit Suisse Group AG’s troubles are most likely to end in a takeover of the Swiss bank, according to analysts at JPMorgan Chase & Co.
When the 32 national women’s football teams take to the pitch for the 2023 Women’s World Cup, they’ll be competing for their share of a $152 million total pot — four times what it was in 2019, and far short of what men’s teams played for in Qatar last year.
New US home construction increased in February for the first time in six months, led by a surge in starts of multifamily projects and suggesting the housing market may be starting to stabilize.
Most economists narrowly expect the Federal Reserve to hike rates next week and nudge its peak interest rate up slightly in a continuing response to high inflation despite concerns that a banking crisis could have broader economic impact.
New York-based software technology startup Via Transportation Inc. has acquired popular navigation app Citymapper Ltd.
The Biden administration’s strategy of leaning on industry regulators to block deals that might be tricky for the Justice Department to challenge in court is working.
Viral video-sharing app TikTok unveiled plans to let users reset their “For You” feeds, offering people a chance to get a clean slate of recommendations if their interests have shifted or they’ve grown tired of seeing the same kinds of content.
