PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
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.
2023-05-11 21:45
Flexiv and Cardinal Machine Join Forces to Combat Labor Shortages With Adaptive Robots
SAN JOSE, Calif.--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 21:27
Hindenburg shorts Icahn Enterprises bonds as battle with billionaire heats up
(Reuters) -Short seller Hindenburg Research on Thursday took a short position in Icahn Enterprises LP bonds and said the investment
2023-05-11 21:25
Anticipating Orlando Residential Development Buildout, City of Mascotte Officials Visit Leading-Edge Onx Pod Factory
ORLANDO, Fla.--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 21:18
Deposit outflows after SVB collapse concentrated among 'super-regionals' - NY Fed study
By Howard Schneider WASHINGTON (Reuters) -Bank deposit withdrawals following the collapse of Silicon Valley Bank were concentrated in around 30
2023-05-11 21:17
SqlDBM Sponsors Data Innovation Summit to Engage the European Data Community
STOCKHOLM--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 21:00
U.S. weekly jobless claims jump to highest level since late 2021
WASHINGTON The number of Americans filing new claims for jobless benefits jumped last week to the highest level
2023-05-11 20:59
US jobless claims filings highest since 2021, but job market remains healthy
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
2023-05-11 20:56
NewBiologix Launches with $50M to Advance Novel Technology Platform for the Manufacturing of Gene and Cell Therapies
LAUSANNE, Switzerland--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 20:52
Turkish presidential candidate withdraws in boost to Erdogan's main challenger
A candidate in Turkey's presidential election has withdrawn from the race, a move that is likely to bolster President Recep Tayyip Erdogan’s main challenger
2023-05-11 20:49
US wholesale price data for April points to easing inflation pressures
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
2023-05-11 20:46
Volvo Cars delays EX90 production start
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software
2023-05-11 20:23
You Might Like...
Oil rises as Saudi Arabia extends cuts again
Mexico's inflation eases further in September, still above bank target
Chinese hackers breached State Dept., other government email on eve of Blinken visit, officials say
Slower growth ahead for Australia as population ages
Target to close 9 stores including 3 in San Francisco, citing theft that threatens workers, shoppers
Tyson Foods forecasts downbeat annual revenue on slowing meat demand
Global stock indexes forecast to rise modestly in 2024
Australian BNPL firm Zip's credit performance in local market weakens further