Singapore’s largest bank reports 22% fall in quarterly profit as it guards against pandemic-induced risks
The building of DBS, Singapore’s largest bank, at the city state’s central business district. Suhaimi Abdullah | Getty Images News | Getty Images DBS Group Holdings, the largest bank in Singapore and Southeast Asia, reported a 22% fall in second-quarter...
The ballooning money supply may be the key to unlocking inflation in the U.S.
A woman counts U.S. dollar bills. Marcos Brindicci | Reuters With the Federal Reserve and Congress pushing stimulus efforts to new heights, some investors are keeping a close eye on a surge in the U.S. money supply for signs of...
Fed’s Mester calls on Congress for pandemic recovery help, says ‘downside risks’ to the economy are on the rise
Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego, California, January 3, 2020. Ann Saphir | Reuters Cleveland Federal President Loretta Mester called Wednesday for...
Fed Vice Chair Clarida still sees the economy staging a comeback this year
Federal Reserve Vice Chairman Richard Clarida said Wednesday he expects the economy to continue to recover through the year and likely return to its pre-pandemic level by the end of the 2021. In an interview with Steve Liesman on CNBC’s...
Singapore’s top banks are reporting earnings this week. Here’s what to expect
View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images Singapore’s top three banks are expected to report another quarter of lackluster financial results this week as ultra-low interest rates cap margins and the...
Stocks making the biggest moves midday: Ford, Virgin Galactic, Chegg, Take-Two Interactive & more
GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty...
Home prices see strong June bounce, but economists warn it likely won’t last
The first read on home prices in June is proving just how resilient the housing market has been in the face of an ongoing economic disaster. Strong demand for housing, much of it pushed by the coronavirus pandemic itself, is...
U.S. stock futures open flat after Monday’s tech-powered rally
Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 18, 2020. Johannes Eisele | AFP via Getty Images U.S. stock futures traded along the flatline on Monday night after the major averages logged in...
The record-setting jobs comeback looks like it could be coming to an abrupt halt
An aerial view of a construction worker roofing an apartment home on May 27, 2020 in Uniondale, New York. Al Bello | Getty Images Record-breaking job creation in May and June appear to be giving way to a more subdued...
Economy faces a bumpy ride as it enters healing phase, economist Michelle Meyer says
The economy faces a bumpy ride as it tries to heal from the shock of the coronavirus recession, according to Michelle Meyer, head of U.S. economics at Bank of America. In a CNBC interview, Meyer said the U.S. economy has...
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