It’s the U.S., not Europe’s banking process that’s a problem, top economists say

Essential Factors

A central topic at the Ambrosetti Discussion board was the possible for even more instability in fiscal marketplaces arising from issues in the banking sector.
The collapse of U.S.-based Silicon Valley Financial institution and of quite a few other loan providers in early March prompted fears of contagion, bolstered by the unexpected emergency rescue of Credit score Suisse by Swiss rival UBS.

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Finance

Stocks making the biggest moves after hours: Hewlett Packard Enterprise, CrowdStrike, Guidewire Software and more

June 3, 2025

Check out the companies making headlines after hours. Hewlett Packard Enterprise — Shares rose 3%, after the information technology company beat analysts’ expectations on the top and bottom lines. Hewlett Packard Enterprise reported second-quarter adjusted earnings of 38 cents per share on revenue of $7.63 billion. Analysts polled by LSEG had expected earnings of 32 […]

Finance

Citigroup lifts banking curbs on gun makers and sellers

June 3, 2025

In this article C Follow your favorite stocksCREATE FREE ACCOUNT Signage at a Citibank branch in New York, US, on Sunday, Jan. 12, 2025. Michael Nagle | Bloomberg | Getty Images Citigroup on Tuesday ended a seven-year-old policy restricting how it provides banking services to firearm manufacturers, sellers and resellers. The bank launched the policy in […]

Finance

Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy

June 3, 2025

Key Points Federal Reserve Governor Lisa Cook raised some concerns regarding the progress on inflation, saying recent lower readings could reverse after tariffs work their way through the economy. President Donald Trump’s trade policy could take a toll on the labor market, she said, even though she suspects the economy is in relatively good shape […]