In this article SIVBSBNY Follow your favorite stocksCREATE FREE ACCOUNT WASHINGTON -- Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend. "Our

In this article ASTR Follow your favorite stocksCREATE FREE ACCOUNT A view from onboard the upper stage of rocket LV0009 during the company's livestream on March 15, 2022. Astra / NASASpaceflight Spacecraft engine manufacturer and small rocket builder Astra on Thursday outlined a plan to avoid having its stock delisted

A pharmacist holds a box of the drug Lantus SoloStar, made by Sanofi Pharmaceutical, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters Sanofi on Thursday said it's planning to cut the U.S. price of its most popular insulin drug by 78% and

Tesla has long been an investor favorite for exposure to the electric vehicle transition, but not everyone is convinced. Berkshire Hathaway-backed BYD , for example, is often touted as a better bet than Tesla. "Tesla last year reduced its prices in China twice. BYD increased

In this article KREFRC Follow your favorite stocksCREATE FREE ACCOUNT Traders gather at the post where First Republic Bank as the stock is halted from being traded on the floor of the New York Stock Exchange (NYSE) in New York City, March 15, 2023. Brendan McDermid | Reuters Shares of

Signage outside a Signature Bank branch in New York, US, on Monday, March 13, 2023. Stephanie Keith | Bloomberg | Getty Images Financial institutions took billions in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis of confidence and liquidity,

Short-sellers are sitting on nearly $2 billion in profit from bets against the European banking sector this month so far. And, perhaps surprisingly, Credit Suisse wasn't the most profitable short. Instead, France's biggest bank BNP Paribas topped the list, yielding $357 million in (as yet

U.S. Federal Reserve Chair Jerome Powell responds to a question from David Rubenstein (not pictured) during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, D.C., U.S, February 7, 2023. REUTERS/Amanda Andrade-Rhoades Amanda Andrade-rhoades | Reuters The Federal

Expectations are high that the Federal Reserve will raise interest rates by a quarter point next week, but the central bank could still swiftly change policy if the financial system becomes stressed. After a wild ride, fed funds futures Thursday reflected more than 80% odds

In this article FRC Follow your favorite stocksCREATE FREE ACCOUNT A group of financial institutions has agreed to deposit $30 billion in First Republic in what's meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon. Bank of America, Wells Fargo, Citigroup and