Real Estate Leads European Stock Gains; Oil Rises: Markets Wrap

European real estate shares headed for their biggest three-day advance since March, while oil climbed above $71 a barrel in New York as traders offers from Czech billionaire Daniel Kretinsky and a…

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150 150 Prospergate Group

Debt-Limit Deal Brings Relief Tinged by Caution: Markets Wrap

American equity futures made modest gains after Friday’s strong showing on Wall Street, while European stocks wavered amid cautious optimism the US will avert a catastrophic default after the weekend’s…

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150 150 Prospergate Group

Fed’s Kashkari Argues for Much Higher Capital to Bolster Banks

Federal Reserve Bank of Minneapolis President Neel Kashkari said bank capital requirements should be lifted significantly to help backstop financial institutions against distress. “Having significantly higher levels of capital is…

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600 470 Prospergate Group

Euro-Zone Inflation Outlook Raised by EU on Surge in Core Prices

The European Commission raised its euro-zone inflation outlook and warned of “persistent challenges” even as it acknowledged the resilience of the region’s economy. Citing the strength of underlying pressures, European…

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1140 1300 Prospergate Group

Bank Stocks Nearing a Crisis-Era Threshold Raises Warning Sign

The selloff in US bank shares is threatening to push them below a technical threshold that could signal more pain ahead for the broader stock market. With the collapse of 

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992 670 Prospergate Group

Credit Suisse’s Fate Was Sealed by Regulators Days Before UBS Deal

Employees of Credit Suisse Group AG, desperate to learn of the fate of the Swiss bank after days of chaos and confusion, dialed into a hastily arranged call Sunday night after…

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650 350 Prospergate Group

Holding Cash Will Be a Winning Strategy in 2023, Investors Say

In 2023, said the cash in their portfolios would bolster rather than drag down their performance in the year ahead. That cash holds such allure says a lot about the unsettled financial and economic…

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860 573 Prospergate Group
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