Credit Suisse CS 0.19% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years fending off claims from Bidzina Ivanishvili, a former prime minister of Georgia. He sued the bank in Bermuda and Singapore for […]
US stocks edged higher, putting Wall Street indexes on course to recoup some of Wednesday’s losses, while oil prices hovered near recent highs. The S&P 500 added 0.4% in early trading Thursday. The tech-focused Nasdaq Composite Index rose 0.5% and the Dow Jones Industrial Average gained 0.3%, about 100 points. US stocks declined and oil […]
Text size JPMorgan Chase CEO Jamie Dimon. Michel Euler/Pool/AFP/Getty Images JPMorgan Chase CEO Jamie Dimon told President Biden at a Monday meeting that the United States needs a “Marshall Plan” for energy. The two spoke at a meeting attended by executives from large US energy companies like Exxon Mobil (ticker: XOM) and financial firms. The […]
Russia’s stock market is set to have a partial reopening Thursday, nearly a month after it shut down following the invasion of Ukraine. The challenge for Moscow is that the resumption of trading could simply send Russian stocks back into free fall. On Feb. 24, the day when President Vladimir Putin began the assault on […]
US stocks fell and oil prices jumped, as concerns about rising energy prices, supply shortages and inflation rattle investors once again. The S&P 500 ticked down 0.5% Wednesday, while the Dow Jones Industrial Average fell 0.7%. The tech-focused Nasdaq Composite Index lost 0.2%. Major US stock indexes jumped Tuesday, as investors shrugged off worries that […]
Text size Shares of Nvidia have risen roughly 14% in the past month. Justin Sullivan/Getty Images Nvidia is doubling down on artificial-intelligence technology that CEO Jensen Huang predicts will revolutionize every industry. In the keynote speech for the annual Nvidia (ticker: NVDA) GTC conference—the acronym once stood for GPU Technology Conference, a reference to the […]
Text size The S&P 500 saw its best week since November 2020 last week. Ed Jones/AFP via Getty Images The stock market slide Monday as Federal Reserve Chair Jerome Powell indicated that the central bank could be more aggressive in lifting interest rates. Tea Dow Jones Industrial Average dropped 202 points, or 0.6%, while the […]
US stocks declined and oil prices rose as investors reacted to new Federal Reserve commentary following major indexes’ strong finish last week. The S&P 500 traded down 0.6% in afternoon trading, turning lower after comments from Fed Chairman Jerome Powell about the possibility of more aggressive interest-rate moves to tame inflation. Treasury yield rose following […]
Photo: Francois PICARD / AFP (Getty Images) Medical debt is an albatross hung around the necks of Americans—but some relief is on the way. Over the weekend, three of the country’s major credit reporting agencies announced they would soon remove most medical debt from their calculation of credit reports, along with other reforms. The decision […]
An iconic Andy Warhol silk-screen portrait of Hollywood starlet Marilyn Monroe is headed to Christie’s in New York later this spring for $200 million—a record asking price for any artwork at auction. The 3-foot square silk-screen from 1964 depicts a promotional photo from the actress’s film “Niagara.” The artist transformed the actress into a pop-art […]
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