Banking turmoil was not a disaster but ‘the draw back threats are genuine,’ IIF boss warns

Essential Factors

The tumble of Silicon Valley Bank in early March, the premier banking failure due to the fact the world-wide economical crisis, triggered a wave of market panic that swept by way of the sector in Europe and the U.S.
A flight of shareholders and depositors culminated in the downfall of Credit history Suisse, with Swiss authorities brokering the crisis rescue of the 167-12 months-previous establishment by domestic rival UBS.
Adams stated the March chaos was a “time period of sector turmoil or turbulence,” but dismissed the idea that it was a “disaster.”

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Using my phone as a Paris guidebook cost me — here’s how to save on your bill when traveling abroad

Finance

Using my phone as a Paris guidebook cost me $50 — here’s how to save on your bill when traveling abroad

August 9, 2025

Key Points There are a few ways to prevent your cell phone bill from increasing much while traveling internationally, experts said. Among their biggest tips: Consider a T-Mobile cell plan, buy an eSIM or rely solely on Wi-Fi networks. Source

EV sales soar as Trump axes ,500 tax credit: ‘People are rushing out’ to buy, analyst says

Finance

EV sales soar as Trump axes $7,500 tax credit: ‘People are rushing out’ to buy, analyst says

August 8, 2025

Key Points President Donald Trump’s so-called “big beautiful bill” ends a $7,500 EV tax credit after Sept. 30. Consumers are acting quickly to claim the tax credit before it disappears, according to analysts and sales data. Source

Finance

Stocks making the biggest moves midday: Gilead Sciences, Monster Beverage, Trade Desk, MP Materials, Sweetgreen and more

August 8, 2025

Check out the companies making headlines in midday trading: Trade Desk — Shares cratered 37% after a slew of Wall Street firms including Bank of America and MoffettNathanson downgraded the stock . While Trade Desk’s earnings were surprisingly strong, CEO Jeff Green warned revenue growth could slow in the third quarter. During the earnings call, […]