Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.

SAN JOSE, Calif.--(BUSINESS WIRE)--May 11, 2023--

(Reuters) -Short seller Hindenburg Research on Thursday took a short position in Icahn Enterprises LP bonds and said the investment

ORLANDO, Fla.--(BUSINESS WIRE)--May 11, 2023--

By Howard Schneider WASHINGTON (Reuters) -Bank deposit withdrawals following the collapse of Silicon Valley Bank were concentrated in around 30

STOCKHOLM--(BUSINESS WIRE)--May 11, 2023--

WASHINGTON The number of Americans filing new claims for jobless benefits jumped last week to the highest level

The number of Americans filing for jobless claims last week rose to its highest level in four months, though the labor market remains healthy by historical standards

LAUSANNE, Switzerland--(BUSINESS WIRE)--May 11, 2023--

A candidate in Turkey's presidential election has withdrawn from the race, a move that is likely to bolster President Recep Tayyip Erdogan’s main challenger

Wholesale prices in the United States decelerated last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates

COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software