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CNBC Financial News

Banks take advantage of Fed crisis lending programs

Thu, 03/16/2023 - 15:12
Financial institutions took about $300 billion in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis.

Stocks making the biggest moves after hours: FedEx, First Republic Bank and more

Thu, 03/16/2023 - 14:01
These are the stocks posting the largest moves in extended trading.

Stocks making the biggest moves midday: First Republic, Signet Jewelers, Snap and more

Thu, 03/16/2023 - 10:08
These are the stocks posting the largest moves in midday trading.

Stocks making the biggest premarket moves: Credit Suisse, Snap, Adobe, PagerDuty & more

Thu, 03/16/2023 - 07:12
Credit Suisse rebounded slightly from Wednesday's drop, while PagerDuty popped on better-than-expected earnings.

Watch live: ECB President Christine Lagarde speaks after rate decision

Thu, 03/16/2023 - 07:01
European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

Baidu shares drop to 8-week lows after company reveals ChatGPT rival

Thu, 03/16/2023 - 04:37
Chinese tech company Baidu gave the public a peek Thursday at what its Chinese-language ChatGPT alternative can do, while warning of its imperfections.

'The weakest links are cracking': Investors consider possible Credit Suisse contagion

Thu, 03/16/2023 - 04:04
Even before the shock collapse of two U.S. banks, Credit Suisse had faced a slew of problems, including money laundering charges and spying allegations.

Saudi National Bank says panic over Credit Suisse is 'unwarranted'

Thu, 03/16/2023 - 00:02
"It's panic, a little bit of panic. I believe completely unwarranted, whether it be for Credit Suisse or for the entire market," he said on CNBC's "Capital Connection."

China sees record 7.7 million applicants for 200,000 government jobs

Wed, 03/15/2023 - 21:16
Government jobs are typically regarded as stable and prestigious in China, especially since young people's unemployment has soared to record highs.

Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank

Wed, 03/15/2023 - 19:08
Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.

Stocks making the biggest moves after hours: Credit Suisse, Adobe, UiPath and more

Wed, 03/15/2023 - 14:00
These are the stocks posting the largest moves in after hours trading.

Oil tumbles nearly 7%, heads for worst day in six months as banking crisis routs markets

Wed, 03/15/2023 - 10:15
West Texas Intermediate futures fell more than 7% to $66.24 per barrel. That would be WTI's biggest one-day drop since July 12, 2022.

Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy

Wed, 03/15/2023 - 10:15
Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.

Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and more

Wed, 03/15/2023 - 09:43
These are the stocks posting the largest moves in midday trading.

Larry Fink: BlackRock is not the 'environmental police'

Wed, 03/15/2023 - 09:21
In his annual letter, CEO Larry Fink said BlackRock's recognition of the import of climate risk on finance does not make the company a political chess piece.

Financial shares fall as Credit Suisse becomes latest crisis for the sector

Wed, 03/15/2023 - 06:55
Wells Fargo, Citigroup and key regional bank stocks were among the names under pressure on Wednesday.

Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & more

Wed, 03/15/2023 - 05:20
Shares of Credit Suisse and several other European banks were halted from trading as prices plummeted.

Retail egg prices fell in February — but the price drop may not last long

Wed, 03/15/2023 - 05:00
The average retail price of eggs fell in February for the first time in months but may rise again as Easter approaches, experts said.

Credit Suisse chair says SVB crisis looks contained, rejects talk of government assistance

Wed, 03/15/2023 - 04:18
On Friday, SVB was taken over by regulators after massive withdrawals a day earlier effectively created a bank run.