Electric vehicles are grabbing a bigger slice of the global auto market — and analysts from across Wall Street have stock picks to play the transition.
How Biden’s climate plan could steal business from Europe
U.S. President Joe Biden has a plan to boost clean energy in the United States, but European politicians worry it could drive companies and new investments away from Europe.
FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp subsidiary
Flagstar Bank, the subsidiary, will assume substantially all deposits and certain loan portfolios, and all 40 of Signature Bank’s former branches.
S&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problems
First Republic Bank saw its credit ratings downgraded deeper into junk status by S&P Global.
Fed, other central banks set joint liquidity operation
A number of central banks around the world worked in coordination to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements.
Nvidia CEO Jensen Huang on how his big bet on A.I. is finally paying off
Ahead of this year’s Nvidia GTC developer conference, CNBC sat down with founder and CEO Jensen Huang to talk about ChatGPT, gaming, the omniverse, and what’s next. In this full interview, Huang takes us on the journey of Nvidia, from its early days in a condo to the dominant player in GPUs, gaming, and now A, which is a major focus of GTC this year. Huang also talks about how he handled China export controls, and geopolitical tensions swirling around Taiwan where most of its chips are made.
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as “absolutely essential to … global finance.”
FDIC to relaunch sale of Silicon Valley Bank, moves toward break-up plan
The U.S. Federal Deposit Insurance Corp is planning to relaunch the sale process for Silicon Valley Bank after failing to attract buyers in its latest auction.
U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap
Four U.S. lawmakers said on Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis.
Elizabeth Warren says Jerome Powell has ‘failed’ as Federal Reserve chair
“I don’t think he should be chairman of the Federal Reserve,” the Massachusetts Democrat said in an interview on NBC News’ “Meet the Press.”