Wise Assures Of “Minimal Exposure” To SVB Following Failure
Payments company Wise has "minimal exposure" to the failure of Silicon Valley Bank, a spokesperson confirmed on Sunday. This statement comes after SVB was taken over by U.S. regulators, resulting in the largest financial collapse since the 2008 financial crisis.
Wise, the London-based payments company...
Feds to Slow Interest Hikes Amid Inflation Cooldown
Federal Reserve officials are expected to slow the pace of interest rate hikes on Wednesday amid signs of slowing inflation. The expected smaller increase is a 0.25% rise from 4.5% to 4.75%, marking the second consecutive meeting when a lower hike was implemented.
Philadelphia Fed...
Madison Square Garden to Launch Live Entertainment Business
Madison Square Garden Entertainment Corp (MSGE) confirmed on Friday that it will go ahead with the launch of its proposed live entertainment business which includes the iconic New York arena. The company has been exploring the possibility of creating this spinoff business since August...
Slowing Inflation Expected To Be Shown In December CPI Report
The Bureau of Labor Statistics is set to release the December Consumer Price Index (CPI) on Thursday at 8:30 ET. With the CPI expected to have declined to 6.5%, this report would be a welcome sign for investors who hope for the Federal Reserve...
U.S. Confidence in Small Businesses Falls to Six-Month Low
U.S. small-business confidence in December fell to its lowest point in six months, according to a survey released by the National Federation of Independent Business (NFIB) on Tuesday. The Small Business Optimism Index fell 2.1 points to 89.8 last month; its lowest point...
Sovereign Wealth Funds Decrease in Value For First Time in 2022
The combined value of the world's sovereign wealth and public pension funds has declined for the first time ever over the last year following heavy losses across both stock and bond markets. An annual study of the sector by Global SWF estimated that losses...