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
Jerome Powell is losing America's confidence
Americans are losing faith in Federal Reserve Chair Jerome Powell. That's bad news.
2023-05-11 20:19
One dead in shooting at Mercedes-Benz plant in Germany
One person has been killed and another seriously injured in a shooting at a Mercedes-Benz plant in Sindelfingen, southern Germany, according to police.
2023-05-11 16:51
ING Plans €1.5 Billion Buyback as Rates Fuel Profit Beat
ING Groep NV plans to buy back as much as €1.5 billion ($1.65 billion) worth of shares after
2023-05-11 15:56
Global companies warn of slower-than-expected recovery in China
China's first few months of reopening to the world hasn't gone as planned for global businesses.
2023-05-11 13:26
Disney trims streaming losses
Disney reported a drop in adjusted quarterly profits, even as it trimmed losses on its streaming business and reported stronger profits from its theme parks.
2023-05-11 04:20
The states where the most jobs could be lost if the US debt ceiling standoff isn't resolved
As leaders in Washington fail to make progress on a debt ceiling deal, Moody's Analytics is warning of disastrous implications for American jobs if the United States defaults on its debt for an extended period.
2023-05-11 03:52
White House backs faster energy project permits, joining Republicans
By Jarrett Renshaw and Timothy Gardner WASHINGTON (Reuters) -The White House on Wednesday called on Congress to pass permitting legislation
2023-05-11 00:58
Denmark has a debt ceiling, too. It's never been a problem
The United States isn't the only country that puts a limit on how much money its government is allowed to borrow. But it is the only nation regularly pushed to the brink of a political and economic crisis as a result.
2023-05-10 22:19
Inside White House meeting on debt ceiling: Intractable positions and no new ground
In a lengthy meeting at the White House Tuesday, leaders struggled to break any new ground on debt ceiling negotiations with a source familiar telling CNN that leaders repeated over and over again the same positions privately that have become a common refrain in public.
2023-05-10 20:18
Wall Street is strangely calm about the debt ceiling. That could all change this month
Dire warnings about the economic chaos and catastrophe that will ensue if the US debt ceiling isn't lifted soon abound. Still, markets remain rather sanguine about the Washington drama.
2023-05-10 19:56
Zealand, Boehringer's drug meets main weight-loss goal in mid-stage trial
By Ludwig Burger FRANKFURT Zealand Pharma and partner Boehringer Ingelheim said their experimental obesity drug achieved up to
2023-05-10 15:56