U.S. stocks ended mostly lower Wednesday, but well off the session’s worst levels, after concerns over the health of Credit Suisse sparked renewed banking-sector anxiety.
: ‘Rushed action leads to more pain’: Where should I put my cash amid this banking crisis? Is my money safe?
‘Rushed action leads to more pain,’ one financial adviser says.
Dow Jones Newswires: Inditex sales fall short of expectations, while Zara-owner plans higher dividend
The Spanish fashion group, known as Inditex, posted sales of 9.51 billion euros ($10.21 billion) for the fiscal year’s final three months to Jan. 31 compared with EUR8.39 billion in the same period the previous year.
Dow Jones Newswires: BMW expects higher deliveries in 2023 on higher EV, battery sales
The German car maker XE:BMW said it is also targeting an earnings before interest and taxes margin of between 8% and 10% this year for its automotive segment.
The Moneyist: My girlfriend admitted to having ‘some’ student debt, but I just found out she owes $83,000. Should we still plan to buy a house together?
‘I’m not sure it’s my obligation to repay her debt.’
: Feds were reportedly investigating Signature Bank before its seizure
Signature Bank of New York was being investigated by the U.S. Justice Department for its work with crypto clients before it was seized by regulators over the weekend, according to a new report.
Dow Jones Newswires: China’s economic activity shows modest rebound in first two months of the year
China’s economic activity rebounded moderately in the first two months of the year, with industrial production and retail sales growth falling short of market expectations, underscoring the lingering scars from the country’s once-stringent Covid restrictions.
Dow Jones Newswires: China’s central bank keeps key policy rates unchanged
China’s central bank kept its key policy rates unchanged on Wednesday, suggesting a hold on benchmark lending rates later this month.
The Moneyist: ‘I was once an emotionally unkempt individual’: I’m 27, was raised in poverty, and work in a grocery store. I have $8,000 in debt. Can you help?
‘There is a pressure to turn my finances around because I’m in a serious relationship with a guy who makes great money and owns his own home.’
: Diamond Sports Group files for bankruptcy, will continue to broadcast MLB, NBA, NHL games
Diamond Sports Group, which operates regional sports networks that televise nearly half of all MLB, NBA and NHL games, filed for Chapter 11 bankruptcy protection Tuesday.
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