Blog - Nicosia Financial News

Bank Stocks Slump After Fed Raises Rates

The Federal Reserve's decision to increase rates signals that they are concerned about the economy collapsing if bank collapses continue.

Tencent is more optimistic about international gaming than domestic gaming, analyst says

Lee believes that Tencent is well-positioned in the AI race and is currently in the lead.

Bank Runs Leave Top Credit Card Stocks Unscathed; Funds Buy Visa And Mastercard

Investors are buying growth stocks Visa and Mastercard in the ongoing banking crisis. Both stocks are building bases.

Not ESG-Friendly: Insurers Junk Entire EVs For Minor Accidents

An EV's battery is not sustainable if it has to be thrown away after a minor collision.

WTI Leaks Lower After API Reports Surprise Crude Build

The American Petroleum Institute reported a surprise build of 3.26 million barrels of crude oil last week, after three relatively quiet weeks.

Opinion: What I learned from having my uterus removed

Chandelis Duster removed her uterus in September 2022 after years of struggling with endometriosis. In this article, she details her journey and how it has changed her perception of "womanhood."

U.S. is ready to protect smaller banks if necessary, Yellen says

pandemic continues to threaten the economy. Yellen said she is "very concerned" about the health of small businesses and that the Treasury Department is looking at ways to provide them with more support.

First Republic shares tumble to a new low

CNN New York -- First Republic stock dropped 47% Monday to a new record low, as Wall Street was unable to convince the bank that it could be viable. After volatility caused shares to be stopped several times, they fell further following a Wall Street Journal report that JPMorgan (JPM)

Job Listings Abound, but Many Are Fake

The job market is a mystery. You apply for a job, and you don't hear anything. But the job ad remains online for many months. The company will tell you that they aren't hiring if you ask. It turns out that not all job advertisements are linked to actual jobs.

Traders see growing chance of Fed rate hike in May, pause or cuts thereafter

After an expected move of similar size in the past two days, traders are increasing their odds of a quarter point rate increase in May. This suggests that policymakers will not ignore recent banking sector pressures and raise rates twice more. Fed-funds futures trading showed that the odds of a

From SVB's collapse to the BBC crisis: why managers fail to plan for the worst-case scenario

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Nicola Sturgeon's husband quits as SNP chief executive

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The fate of Credit Suisse could be decided in the next 36 hours

A torrid week for Credit Suisse has left the bank's fate to be decided in the next 36 hours.

UBS and regulators rush to seal Credit Suisse takeover deal possibly by Sunday: reports

The three parties are reportedly close to an agreement that would see Credit Suisse take a majority stake in the combined bank, with UBS taking a minority share.

This country wanted a 69-hour work week. Millennials and generation Z had other ideas

In Japan, the government is actually encouraging workers to put in more hours.The government is encouraging workers to put in more hours.

Mars chief hits out at ‘nonsense' attacks on corporate ESG

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New Zealand and UK announce TikTok ban on government devices

The analyst describes the perceived threat as a "clear and present danger."

HubSpot Stock Climbs Amid Buzz Over Artificial Intelligence

HubSpot is a software company that is near a buy point and is receiving buzz about their generative AI.

Things are only getting harder for the Fed

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First Republic is a hot mess. The reason has a lot to do with its wealthy clientele

In 2008, First Republic was near collapse due to heavy losses in the subprime mortgage market.

US House Foreign Affairs Delegation to Visit Seoul Next Month

US News provides rankings for colleges, grad schools, hospitals, mutual funds, and cars. They also provide information on elected officials and research health conditions.

Credit Suisse CFO teams to hold talks this weekend on scenarios for bank, sources say

The bank is considering options including a sale of its entire U.S. business.Credit Suisse AG will be meeting this weekend to discuss options for the future of the bank as it tries to regain market confidence. One option under consideration is selling the entire U.S. business.

US Industrial Production Shrinks In Feb

The capacity utilization rate measures the amount of available production resources that are being used by businesses. It is currently at 77.5%, which is below the long-run average of 80.7%.

Babesiosis, a tickborne disease, is on the rise in Northeast, according to CDC report

Tickborne disease is on the rise in the US, with cases of babesiosis growing significantly in the Northeast.

FirstFT: Banks scramble to reassure investors and regulators

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