Credit Suisse shares surged 32% in opening trade, rallying as the Swiss banking giant said it will tap its central bank for 50 billion francs ($54 billion) and launching an offer to buy beaten-up debt.

‘If we withdraw from the 529 and pay tuition and room and board at this school, will this be considered a qualified withdrawal?’

Privately held fintech company Stripe Inc.’s valuation has fallen nearly in half over the past two years.

TikTok late Wednesday dismissed a report that the Biden administration has told its Chinese owners to sell their stakes in the popular video-sharing app or face a ban in the U.S.

The Federal Reserve’s long-anticipated instant-payments service FedNow will make its debut in July, the central bank announced Wednesday.

Credit Suisse announced late Wednesday it was taking “decisive action” and borrowing up to 50 billion Swiss francs — about $54 billion — to ease investor fears.

Embattled First Republic Bank is exploring its strategic options, including a potential sale, according to a new report.

Investors are on edge after shares of Credit Suisse fell to about $2 a share and the Swiss National Bank said it would provide liquidity, if needed.

Japan posted a trade deficit for a 19th straight month in February after the yen’s weakness and higher energy prices boosted the value of imports, Ministry of Finance data showed Thursday.

What went wrong with SVB’s investment securities? Why it matters for markets and the Fed’s inflation fight.