Banks aren't out of the woods yet and neither is the economy. Here's why | CNN Business
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Markets see-sawed severely this week when two of the US economy's most prominent leaders gave seemingly contradictory statements on the health of the banking sector.
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Communications issue leads to slew of Amtrak cancellations, primarily in Midwest | CNN Business
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Amtrak is restoring service after a slew of train cancellations, primarily in the Midwest due to "a rail-industry control system that continues to experience intermittent communications issues," according to Amtrak spokesperson W. Kyle Anderson.
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Airfares across Asia are sky-high this year. Here's why | CNN Business
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Travelers across Asia Pacific will likely continue to fork out more than usual for flights this year, even as planes return to the skies at a rate not seen since the start of the pandemic.
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How the Fed's latest rate increase will affect your bank savings | CNN Business
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The Federal Reserve's decision on Wednesday to increase its key interest rate for the ninth time since March last year brings welcome news for savers seeking higher yields on their money.
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Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry.
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Pension ages around the world: How France compares to other countries | CNN Business
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A nationwide strike in France to protest a rise in the retirement age drew more than a million people onto the streets on Thursday before ending in violent clashes with police in Paris and other cities.
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When EU lawmakers voted to ban the sale of new combustion engine cars in the bloc by 2035, it was a landmark victory for climate. In February, the European Parliament approved the law. All that was needed was a rubber stamp from the bloc's political leaders.
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Deutsche Bank, UBS stocks sink as European banking crisis fear returns | CNN Business
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Europe's banking stocks tumbled Friday in a sign that investors are still nervous that the recent crises at some banks could spill over into the wider sector.
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What the banking crisis means for mortgage rates | CNN Business
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Mortgage rates have taken would-be buyers on a ride this year â and it's only March.
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Premarket stocks: Americans are going all-in on cash. That could spell more trouble | CNN Business
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In the wake of Silicon Valley Bank's collapse and subsequent banking meltdown, cash is king. The turmoil inflicted on financial markets has sent cautious investors running away from volatile markets and toward more liquid alternatives.
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Do Kwon: Interpol confirms arrest of South Korean crypto fugitive in Montenegro | CNN Business
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Interpol says a man arrested in Montenegro is Kwon Do-hyeong, also known as Do Kwon, the disgraced founder of a collapsed crypto company who is wanted in South Korea and the United States on fraud and other charges.
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What would a federal expansion of deposit insurance look like? | CNN Business
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Right now, $250,000 seems to be the number on everyone's minds.
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Swiss central bank says crisis halted as it hikes interest rates | CNN Business
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Switzerland's banking crisis has been halted, the country's central bank said Thursday as it hiked interest rates for the fourth time in a bid to contain inflation.
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After two weeks of banking turmoil, the Federal Reserve on Wednesday continued its bid to beat down inflation by raising its key interest rate again, the ninth such hike over the past year.
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Global markets mixed after US Fed raises rates by a quarter-point | CNN Business
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European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal Reserve to raise its main interest rate by 25 basis points in a bid to bring down inflation.
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Premarket stocks: Five big takeaways from the Fed's extraordinary meeting | CNN Business
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The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability.
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France national strike planned by unions after pension reform passed without a vote | CNN Business
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France's powerful unions are planning to come out in force for a nationwide strike Thursday in a rejection of a controversial retirement reform that was pushed through the country's legislature last week.
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Wall Street investment firms are thirsty for the West's vanishing water | CNN Business
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Wall Street firms are buying land in the Southwest with the intent to sell water.
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Asia Pacific shares join US gains as investors await key Fed decision | CNN Business
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Asia Pacific shares opened higher on Wednesday, tracking US gains, as investors awaited the US Federal Reserve's next monetary policy decision later in the day.
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UK inflation rises to 10.4% as food prices soar | CNN Business
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UK consumer prices jumped by 10.4% in February compared with a year ago, as food inflation hit its highest level in more than 45 years, and as the cost of visiting restaurants and hotels increased, official data showed Wednesday.
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Interest rate decision: What to expect from the Fed meeting | CNN Business
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The Federal Reserve and its chairman, Jerome Powell, are facing a legacy-defining moment as their two-day monetary policy meeting concludes on Wednesday.
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Premarket stocks: The banking meltdown may have done the Fed's work for it | CNN Business
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Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their efforts have been complicated by the events of the past few weeks.
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First Republic is a hot mess. The reason has a lot to do with its wealthy clientele | CNN Business
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It may seem surprising that First Republic, a midsize bank catering to wealthy clients in coastal states, became such a danger to the American banking system that the government had to cudgel the industry to stage an intervention.
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Fed and other central banks try to head off crisis by boosting flow of dollars | CNN Business
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The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses.
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European markets recover despite further falls in bank stocks | CNN Business
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Stocks in Europe rebounded from losses notched up earlier Monday, but bank shares were still down despite coordinated moves by central banks to boost the flow of US dollars through financial markets and the emergency rescue of Credit Suisse by bigger Swiss rival UBS.
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What caused the global banking crisis this week and will it lead to a recession? | CNN Business
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On March 10, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender to the tech industry succumbed to a classic bank run.
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Premarket stocks: Silicon Valley Bank left a void that won't easily be filled | CNN Business
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It's difficult to overstate the influence that Silicon Valley Bank had over the startup world and the ripple effect its collapse this month had on the global tech sector and banking system.
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Unlike last year, this tax season has been going smoothly | CNN Business
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The past two tax-filing seasons were fraught with aggravations, delays, last-minute changes and huge backlogs at the IRS. But by comparison, this year's tax-filing season has been going relatively smoothly, tax preparers say.
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First Republic Bank, facing a crisis of confidence from investors and customers, is set to receive a $30 billion lifeline from a group of America's largest banks.
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Why American whiskey is the real winner of St. Patrick's Day | CNN Business
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On St. Patrick's Day, it might seem appropriate to knock back a shot of Jameson Irish Whiskey. However, when it comes to the luck of the Irish, US whiskey-makers might have the upper hand.
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