Private equity giant Carlyle is bidding for a stake in Manchester United, report says

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Fernandes
Manchester United midfielder Bruno Fernandes.

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American savers are missing out – because bank interest rates are trailing the Fed's benchmark by a record amount

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There's now a record gap between bank deposit rates and the Federal Reserve's benchmark, according to a new survey.

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Banking isn't in a crisis - and the sector's challenges will help the Fed to fight inflation, IMF chief says

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Kristalina Georgieva
Regional banking turmoil could provide a helping hand to the Fed, according to IMF managing director Kristalina Georgieva.

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The Haslam family sold its gas station business to Warren Buffett this year. Now it's set to buy a stake in the Milwaukee Bucks.

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Giannis Antetokounmpo dribbles the ball.
Milwaukee Bucks star Giannis Antetokounmpo.

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Amazon CEO Andy Jassy is betting big on AI – and touts the technology as a 'big deal' for shareholders

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Andy Jassy
Amazon is making a big bet on generative AI and machine learning, CEO Andy Jassy said Thursday.

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Goldman Sachs drops its call for a Fed interest-rate hike in June

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Goldman Sachs
Goldman Sachs has dropped its prediction that the Federal Reserve will raise interest rates in June.

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Big banks' balance sheets will swell after the recent turmoil – and that could be bad news for Americans, ex-Barclays boss says

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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Big banks will have weathered recent turmoil – but that's not necessarily good news for Americans, according to ex-Barclays boss Bob Diamond.

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Brace for stock-market volatility to persist this year as investors get bombarded with economic data, UBS says

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Stock prices aren't going to make much sense the rest of this year with investors grappling with waves of confusing economic data, according to UBS.

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Crypto stocks rally after bitcoin breaks above $30,000 to hit a 10-month high

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Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York's Times Square, Wednesday, April 14, 2021.
Coinbase set to build on gains after bitcoin hit a 10-month high Tuesday.

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It's time for the Fed to pause its war on inflation before it starts dragging down the US economy, top Moody's economist says

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The Federal Reserve should pause its war on inflation next month, according to Moody's economist Mark Zandi.

Carolyn Kaster/AP

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