Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.
China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets.
Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.
Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.
Rising interest rates and fierce competition are pushing many potential homeowners out of the market, leading one person to conclude: "I feel like the American dream isn't attainable anymore."
The Federal Reserve is expected to raise its benchmark interest rate by another three-quarters of a percentage point amid fears of a looming recession.
Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
Russian central bank chief Elvira Nabiullina has cultivated the image of a nerdy, opera-loving technocrat, trapped in place by Putin's decision to go to war in Ukraine. It's not that simple.