US and Taiwan draw closer with new trade pact opposed by China
Taipei, Taiwan CNN — The United States and Taiwan agreed the first stage of a bilateral trade initiative on Thursday, less than a year after negotiations began, in a move…
Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color
CNN — When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color…
Retail spending fell in March as consumers pull back
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but…
Sergio Ermotti: UBS brings back ex-CEO to oversee Credit Suisse rescue
Hong Kong/London CNN — UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the bank’s emergency takeover of rival…
Hong Kong’s first protest in 3 years shows how the city has changed
Hong Kong CNN — Wearing numbered lanyards, a small group of 80 demonstrators took part in Hong Kong’s first authorized protest in three years on Sunday – a carefully choreographed…
Deutsche Bank, UBS stocks sink as fear of European banking crisis returns
London CNN — Europe’s banking stocks tumbled Friday as investors acted on their lingering worries that the recent crises at some banks could spill over into the wider sector. Europe’s…
What the banking crisis means for mortgage rates
Washington CNN — Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally, home buyers can anticipate mortgage rates to move down through…
US home building surged in February
Washington, DC CNN — US home building jumped higher in February, turning around after five consecutive months of falling. Housing starts, a measure of new home construction, rose by 9.8%…
Elon Musk donated $1.9 billion of Tesla stock to charity last year
New York CNN — Tesla CEO Elon Musk gave 11.5 million shares of his stake in the electric automaker to an undisclosed charity last year, shares worth about $1.9 billion…
Eurozone Fast Facts | CNN
CNN — Here’s a look at the eurozone. Twenty countries in the European Union use the euro as their currency, and comprise the eurozone. The countries in the eurozone are:…