Category: United States

Dear MarketWatch, I’ve inherited a house in San Francisco from my aunt. My aunt had rented her basement to an older couple (probably illegally) for a few years for below market rates. I don’t believe there was a lease, and it is probably against the building code to have tenants in the basement. The couple’s […]

Credit Suisse, UBS and their key regulators are working out a deal on the merger of Switzerland’s two biggest banks, the Financial Times reported Saturday. The deal could come together Sunday, the Wall Street Journal reported Saturday. Regulators have offered to waive a requirement for customary shareholder votes to expedite the sale, one of the […]

A recall has been issued on select Ford F, -4.40% Bronco SUVs, including some already in customers’ hands and some waiting to be delivered. The recall pertains to 2023 Bronco Wildtrak and 2022 Bronco Raptor models, and the problem involves a steering-gear part that may be cracked and could affect a driver’s ability to turn […]

American football coaches are notorious for putting their teams in “prevent defense” mode when they’re leading near the end of a game and aim to keep the other team from putting a winning field goal or touchdown on the scoreboard. For example, a team might use five, six or even seven defensive backs to thwart […]

Is stubbornly persistent U.S. inflation on the verge of a sharp slowdown? Some tantalizing hints point in that direction. For one thing, wholesale prices have tracked lower and suggest inflation is easing more rapidly in the guts of the economy. The cost of imports, meanwhile, have fallen sharply since last summer. And consumers also expect […]

SVB Financial Group, the one-time parent company of the failed Silicon Valley Bank, is filing for bankruptcy protection. The company’s Chapter 11 bankruptcy petition Friday is another development in a banking crisis that’s shaken stock markets and applied pointed questions to banks’ financial health. After bankruptcy cases dropped off during the pandemic, are they making […]

Dear Moneyist,  I’m a 27-year-old grocery-store employee. I was raised in poverty and in an unstable household, and I was once an emotionally unkempt individual. But with the help of therapy and ADHD treatment, I am now a very stable person. One thing that has followed me from my previous lifestyle, however, is old debt […]

And so we draw to the end of another frantic week in markets. The CBOE VIX index VIX, +10.96%, the gauge of equity volatility, twice spiked up to 30 before tumbling back down. The ICE BoAML MOVE index, a VIX for the Treasury market, jumped to its highest since the great financial crisis of 2008, […]

A tumultuous week in the U.S. financial markets ended on an uncertain note Friday after a massive $ 30 billion injection of big-bank deposits into First Republic Bank failed to calm investors.  Last week, the sudden meltdown of three U.S. banks – Silvergate Capital, Signature Bank SBNY, -22.87% and Silicon Valley Bank – began to […]

This article is reprinted by permission from NerdWallet.  Silicon Valley Bank — a California-based bank that largely catered to technology, venture capital and startup-focused customers — made news as it swiftly collapsed, creating great concern over the billions of dollars it held in deposits. The bank was insured by the Federal Deposit Insurance Corp., and […]

Oil futures gave up early gains Friday to end lower, booking the biggest weekly drop of 2023 as worries over the U.S. and European banking sector stoke recession fears. Price action West Texas Intermediate crude for April delivery CL.1, -2.88% CL00, -2.88% CLJ23, -2.88% fell $ 1.61, or 2.4%, to close at $ 66.74 a […]

President Joe Biden on Friday called for U.S. lawmakers to make it “easier for regulators to claw back compensation from executives, to impose civil penalties, and to ban executives from working in the banking industry again.” His position comes after regulators in recent days closed down Silicon Valley Bank SIVB, and New York’s Signature Bank […]

Gold prices rose on Friday to trade just shy of a 6-week high reached earlier this week as expectations that the Federal Reserve might be nearing the end of its interest rate-hiking cycle weighed on the U.S. dollar. Price action Gold futures for April delivery GC00, +1.63% GCJ23, +1.63% gained $ 16.70, or 0.9%, to […]

Bond yields fell on Friday, as traders balanced worries about the banking sector with expectations about how high interest rates will go to combat inflation. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.155% was 4.15%, down 4 basis points. Yields move in the opposite direction to prices. The yield on the 10-year Treasury […]

General Electric Co. Chief Executive Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday. “In response to prior shareholder feedback, the committee and Mr. Culp agreed to reduce his annual equity incentive grant for 2022 from a grant date fair value of […]

Amgen Inc. on Thursday said it would lay off about 450 employees, or less than 2% of its workforce, as it faces increasing pressure from drug prices and high inflation. “We made these changes to realign our expense base in the face of intensifying pressure on drug prices and high levels of inflation so that […]

“To Wish Impossible Things” is how concert-goers usually feel when it comes to groaning about lower ticket prices from Ticketmaster. But it’s also a song from The Cure’s 1992 album “Wish,” and on Thursday lead singer Robert Smith made a seemingly impossible wish come true by announcing a deal with Ticketmaster to offer partial refunds […]

Groupon Inc. shares dropped in the extended session Thursday after the daily-deals site missed Wall Street estimates in its quarterly results, and said it was cutting nearly a fifth of its workforce. Groupon GRPN, -3.92% shares fell as much as 10% after hours, following a 3.9% decline in the regular session to close at $ […]

First Republic Bank’s stock rose Thursday after steep losses earlier in the day, following reports that the nation’s largest banks are in talks to provide $ 25 billion in support for the bank. The Wall Street Journal reported that Morgan Stanley MS, +1.78%, JPMorgan Chase JPM, +1.66%, Citigroup C, +1.53%, Goldman Sachs Group Inc. GS, […]

The policy-sensitive 2-year Treasury yield spiked, along with the rate on 6-month T- bills, after a report that several big banks are talking about a potential funding deal with First Republic Bank. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.115% spiked to 4.061% from 3.973% on Wednesday. The yield on the 10-year Treasury […]