Credit Suisse rescue eases crisis fears, First Republic shares dive
By Noel Randewich, Medha Singh and Ankika Biswas (Reuters) – Shares of U.S. lender First Republic tumbled nearly 50% on…
2023
Exclusive-Thermo Fisher, Celltrion Vie For Baxter’s Biopharma Unit -sources
By Anirban Sen and David Carnevali (Reuters) -U.S. scientific instruments maker Thermo Fisher Scientific Inc and South Korea’s Celltrion Inc…
The Canary Is Alive And Chirping A Year Into Fed’s Rate Hiking Cycle
By Howard Schneider WASHINGTON (Reuters) – Utah homebuilder Ivory Homes still has a pipeline of several hundred houses under construction,…
Coinbase Halts Support For Signature Bank’s Digital Payments Platform
(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank’s digital payments platform…
Amazon Deepens Tech-sector Gloom With Another 9,000 Layoffs
By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc on Monday said it would axe another 9,000 roles, piling…
Oil Prices Rebound After Hitting Lowest Since 2021 On Banking Fears
By Stephanie Kelly NEW YORK (Reuters) -Oil prices bounced up on Monday in volatile trade after diving to their lowest…
FTX Sues Liquidators Of Its Bahamian Affiliate Over Crypto Exchange Ownership
By Dietrich Knauth (Reuters) -Bankrupt crypto exchange FTX has sued the liquidators overseeing the wind-down of its Bahamian affiliate FTX…
BlackRock Investment Institute downgrades credit, favors short-term bonds for income
(Reuters) – BlackRock Investment Institute said on Monday it was downgrading credit and preferred short-term bonds for income, with strategists…
Former Kingsdale executive Fein launches new proxy solicitation firm
NEW YORK (Reuters) – A former top executive at proxy solicitor Kingsdale Advisors on Monday said he launched a new…
Amazon To Cut 9,000 Jobs In Second Round Of Layoffs
(Reuters) -Amazon.com Inc on Monday said it would axe another 9,000 roles totaling 27,000 job cuts in recent months, trimming…