Finance
Image
S&P 500 closes out best month since 2023
The numbers come as tension with China remains high over an impending trade deal. Trump accused China of violating a "fast deal" he made with them after he imposed steep tariffs on the country, but later sounded optimistic that a trade deal was still possible.
Image
Moody's downgrades US credit rating over high deficit
The decision comes after the U.S. deficit for the current fiscal year hit $1.3 trillion last month, despite only being six months into the fiscal year, which began on October 1.
Image
Treasury announces US collected record $16.3 billion in customs duties in April
The new numbers mean that the United States has collected a total $63.3 billion in customs duties since the start of the current fiscal year, which began last October. The number is also a $15.4 billion increase from the same period last year.
Image
Rep. Warren Davidson says regulators are pushing people out of banks
Investors are warning that the banking situation could worsen after the closures of Silicon Valley Bank and Signature Bank over the weekend
Image
US stocks plummet as investors warn banking situation could worsen
The CEO of Blackrock, one of the world's top asset management companies, warned that the worst may be yet to come.
Image
Dow futures down 600 points as several Euro banks halt trading after losses, SVB collapse
The losses come after the collapses of Silicon Valley Bank in California and Signature Bank in New York over the weekend.
Image
Virginia Rep. calls to shrink fed. bureaucracy and administrative state in midst of financial crisis
Cline discussed the importance of the United States Constitution to guide the country in the right direction
Image
Moody's puts six U.S. banks on watchlist for potential downgrade
The firm made the changes after shares of regional banks suffered trading losses Monday.
Image
Federal plan to save SVB depositors faces legal, logistical hurdles
"If you want to change the law and go above $250,000 as a guarantee, well, then you got to go to Congress and change that law," said former Assistant Treasury Secretary Monica Crowley.
Image
Stock market's major indices mixed amid SVB uncertainties, bank trading halts
Doubts linger about the ability of the FDIC to backstop depositors in their entirety.
Image
Exchanges halt trading of several bank stocks, amid volatile trading after two banks fail
The stop in trading occurred shortly after the markets opened at 10 a.m. ET.
Image
Wall Street opens with losses, after two U.S. bank failures, feds attempt to secure banking system
Silicon Valley Bank failed Friday and Signature Bank failed Sunday.
Image
Biden to address nation on bank failures, vows to hold those responsible 'fully accountable'
Biden's remarks Monday are expected to attempt to reassure Americans the country has a “resilient banking system.”