Futures Waver as New York Community Bancorp Shares Tumble

Stock futures wavered between small gains and losses after the bank unearthed "material weaknesses" in loan controls, replaced its chief executive and took a $2.4 billion charge. 


 
Regional bank stocks dragged down by NYCB

Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of "material weaknesses" in its accounting. 


 
Eurozone Inflation Cools, Keeping Rate Cuts on Agenda

Consumer prices in the eurozone were 2.6% higher in February than a year earlier, a slowdown in the annual rate of inflation from 2.8% in January and increasing the likelihood the ECB will cut its key interest rate later this year. 


 
Global CO2 Emissions Hit Record High in 2023, IEA Says

Declines in Europe and the U.S. were offset by increases in China and India. 


 
Your Stock-Market FOMO Is Rational

Despite high valuations and AI exuberance fears, history suggests that being uninvested when rates start falling would be a bad idea. 


 
Swiss National Bank Chairman Thomas Jordan to Step Down in September

Central bank has faced a turbulent few years including above-target inflation and the fallout from the collapse of Credit Suisse. 


 
Imports Under Closely Watched U.S. Trade 'Loophole' Surge

More packages than ever are entering the U.S. under a trade provision-frequently used by e-commerce giants Temu and Shein-that allows duty-free entry with little scrutiny, even as lawmakers call for action. 


 
China's Coming 'Two Sessions' Put Plans to Jumpstart Economy in the Spotlight

China's "Two Sessions" policy meetings kick off next week and the markets are watching to see what Beijing does to kick-start the world's second-largest economy. 


 
The Hidden Way Congress Shrinks Your Tax Breaks

A little-understood feature of the tax code known as MAGI is one reason many Americans 'aren't getting benefits they thought they were.' 


 
China's Factory Activity Slows Again, Highlighting Limits of Government Measures

The fifth straight month of contraction comes as top officials prepare to gather in Beijing to outline policy priorities for the year ahead.


(END) Dow Jones Newswires

03-01-24 0915ET