Shorting global banks fetches $14.3 billion in paper profit in March – S3 Partners
(Reuters) – Short sellers made $14.3 billion in paper profit from their bearish bets on global banking stocks in March, according…
March 30, 2023
Founders Of AI Company NtechLab Say They Resigned Over Projects In Russia
By Lena Masri (Reuters) – The founders of artificial intelligence company NtechLab said they resigned over disagreements with the company’s…
‘FIFA’ Publisher EA To Cut 6% Of Workforce, Reduce Office Space
(This March 29 story has been corrected to say ‘latest major videogame publisher’ instead of first in paragraph 1) (Reuters)…
Analysis-Hiring Spree By China’s Debt-laden Local Governments Fuels Fiscal Fears
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – Some of China’s most indebted local governments are on a…
BlackRock calls on clients to rethink hedging strategy after UK pension crisis
By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop…
U.S. Chip Subsidy Criteria Could Be A ‘burden’, Says South Korea
SEOUL (Reuters) -Criteria to qualify for new U.S. semiconductor subsidies could be “burdensome” for companies such as Samsung Electronics Co…
Oil Stable On Mixed Drivers; Market Eyes Iraq Exports
By Jeslyn Lerh SINGAPORE (Reuters) – Oil was nearly steady on Thursday as a surprise drop in U.S. crude stockpiles…
Tesla Expects Reduced Tax Credit For Model 3 By March-end
(Reuters) – Tesla Inc said on Wednesday a $7,500 tax credit in place since January will be reduced for its…
Marketmind: As Banking Worries Slowly Slip Into Rear View, Markets Fret On Fed
A look at the day ahead in European and global markets from Ankur Banerjee With sentiment still fragile in the…
How to talk to your aging parents about safe driving
By Chris Taylor NEW YORK (Reuters) – Patti Black remembers it like it was yesterday: The conversation no adult child…