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Chief Economic Adviser At Allianz Calls For Interest Rate Hike

Allianz SE chief economic advisor and Bloomberg Opinion columnist Mohamed El-Erian has called on the Federal Reserve to implement a 25 basis point hike during its upcoming policy meeting on Tuesday. According to El-Erian, an interest rate hike of...

UBS Seeks About $6 Billion As It Mulls Credit Suisse Takeover

UBS Group AG is looking to secure up to $6 billion in government guarantees as it contemplates a potential takeover of Credit Suisse Group AG, Reuters reported on Saturday. This comes after Credit Suisse was hit by a mounting...

YouTube TV Increases its Monthly Fee to $72.99

Watching YouTube TV will soon get a lot pricier. The streaming television service owned by Google just announced that it would raise its monthly fee from $64.99 to $72.99. The news was shared with existing subscribers via mail sent out...

Oil Prices Slump as Inventories Build

Oil prices plunged on Wednesday as markets across the globe continue to reel from the fears over the volatility of the banking system. In addition, data on U.S. oil inventories has indicated a steady build-up in stockpiles over the...

Rivian and Amazon Renegotiating Exclusive Electric Delivery Vans Agreement

Electric car maker Rivian could soon be able to offer its electric delivery vans to other companies besides e-commerce giant Amazon. Multiple reports indicate that the two companies are renegotiating the exclusivity agreement they made several years ago. Back in...

SVB Chief Sold $3.6 Million in Stock Days Before Failure

Silicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million worth of company stocks fewer than two weeks before the bank's failure on Friday. Becker sold the stocks under a trading plan that saw the sale of 12,451 shares...
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