How are we enjoying the “normal seasonal soft patch” so far? The stock market spent the past week chopping around the range left by the sharp drop the prior Friday, while confronting the ghosts of crises past: regional-bank balance-sheet worries , possible re-escalation of China trade hostilities, a crypto flash correction and a reversal in…
Western Alliance Bank signage is displayed on the company’s Headquarters in downtown Phoenix, Arizona, on April 27, 2023. Patrick T. Fallon | AFP | Getty Images When you can’t repay a bank loan, that’s distressing — but probably not for the bank. But when tens of thousands of people, who had good credit ratings, can’t,…
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were higher Wednesday, breaking ranks with Wall Street’s declines after U.S. and China exchanged blows in a renewed trade feud. U.S. President Donald Trump on Tuesday stateside…
Tourists are seen at the promenade of the iconic Gateway of India next to digital displays of messaging app WhatsApp, in Mumbai on August 25, 2023. (Photo by INDRANIL MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee | Afp | Getty Images This report is from this week’s edition of CNBC’s…
Sanae Takaichi, newly-elected leader of the Liberal Democratic Party (LDP), speaks during a news conference at the party’s headquarters in Tokyo, Japan, on Saturday, Oct. 4, 2025. Japan’s ruling party elected right-leaning Takaichi as its first female leader today, in a vote that is also likely to determine who will become Japan’s next prime minister….
The federal government closed up shop last week. You might not have known that if the stock market’s performance was your guide: The S & P 500 finished the week at a record high on a six-day win streak . But the longer the shutdown in Washington drags on, the more attention Wall Street may…
A relentless bull market could show some wear in the coming weeks, with investors flying blind the longer the government remains in a shutdown. Stocks are at all-time highs, with tech names in particular rallying even in the absence of any government data. On Friday, each of the major averages registered a winning week, with…
A bronze sculpture of a bull is displayed on Broadway in the financial district November 14, 2000 in New York City. Chris Hondros | Hulton Archive | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate…
The richest Americans are more reliant on the stock market for their wealth than they’ve just about ever been before. Stocks now account for a large share of wealth for U.S. households, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. Equities that were directly held and in mutual funds accounted for roughly…
The federal government shut down on Wednesday after lawmakers failed to agree on a short-term funding measure ahead of the Oct. 1 deadline. As a result, all “nonessential” government functions will come to a halt, with hundreds of thousands of federal workers finding themselves furloughed or working without pay. Certain essential government services —…