Credit Suisse shares soar after the bank secures a $54 billion lifeline
Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.
central bank
China has reappointed its central bank governor, when many had expected a change
China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets.
A bad year for Wall Street gets even worse, as stock markets finish September down
Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.
The Bank of England predicts a lengthy recession at the end of the year
Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.
As interest rates rise, the 'American dream' of homeownership fades for some
Rising interest rates and fierce competition are pushing many potential homeowners out of the market, leading one person to conclude: "I feel like the American dream isn't attainable anymore."
Another big Fed rate hike is here to battle inflation. Economy hangs in balance
U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It's at a size and pace we haven't seen since the 1980s.
Job cuts are rolling in. Here's who is feeling the most pain so far
Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
Who is the real Elvira Nabiullina?
Russian central bank chief Elvira Nabiullina has cultivated the image of a nerdy, opera-loving technocrat, trapped in place by Putin's decision to go to war in Ukraine. It's not that simple.