Finance

In this 2013 photo, Singapore’s central business district is shown at dusk. Edward Tian | Moment | Getty Images Singapore still wants to be a hub for digital assets, but not one for speculating on cryptocurrencies, said Ravi Menon, managing director of central bank the Monetary of Singapore. “If a …

One of the world’s biggest stock exchanges has a special policy for bad weather – it halts trade whenever authorities issue a typhoon warning of Signal 8, the third highest level, or higher. Nicolas Aguzin, the CEO of Hong Kong Exchanges and Clearing, said the bourse is “constantly” looking into …

The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. In a well-telegraphed move that markets had been expecting for weeks, the central bank raised its short-term borrowing rate by …

Check out the companies making headlines before the bell: CVS (CVS) – CVS gained 1.9% in the premarket after reporting better-than-expected revenue and profit for its latest quarter. The company also raised its adjusted full-year guidance. The outlook excludes charges related to a just-announced $5 billion settlement of opioid litigation. …

The U.S. Treasury Department in Washington. Al Drago/Bloomberg via Getty Images I bonds broke daily, weekly and monthly sales records The Treasury sold $994 million of I bonds before the deadline on Friday — nearly as much in one day as during the three years from 2018 to 2020, when …

Take a look at some of the biggest movers in the premarket: Abiomed (ABMD) – Abiomed stock soared 51.6% in premarket trading after agreeing to be acquired by Johnson & Johnson (JNJ) in a nearly $16.6 billion deal. J&J will pay $380 per share for the maker of heart, lung …

The chairman of one of Credit Suisse’s newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a “very stable, conservative Swiss banking posture.” Saudi National Bank, the kingdom’s largest lender and majority-owned by the Saudi government, announced Wednesday that it was investing …

China’s factory activity declined in October, official data showed Monday. Pictured here on Oct. 27, 2022, in Jiangsu province is an aluminum products company. Vcg | Visual China Group | Getty Images BEIJING — China’s factory activity fell in October due to frequent Covid outbreaks, the National Bureau of Statistics …

It appears most ETF investors aren’t cashing out of technology despite this year’s painful losses. The widely-held ARK Innovation ETF and the Technology Select Sector SPDR Fund, down 59% and 25% respectively this year, aren’t showing meaningful outflows so far this year. Invesco’s Anna Paglia lists a reason: Investors are more …

Michael H | Digitalvision | Getty Images The fear of missing out, or FOMO, can be a powerful psychological force — and it may lead unwary investors to lose bundles of money, according to financial advisors. A group of British psychologists defined FOMO as a fear “that others might be …