Explainer-How does bank deposit insurance work, and who does it cover?
By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a…
Nike Third-quarter Results Beat On Jordan Retro Demand
(Reuters) -Nike Inc beat estimates for third-quarter revenue and profit on Tuesday, boosted by strong demand for its sneakers as…
First Republic leads surge in bank stocks as Fed comes into focus
By David French, Nupur Anand and Lananh Nguyen (Reuters) – Shares of U.S. regional lenders including battered First Republic Bank…
Republican US Senator Doubles Down On Call For Tighter Fed Scrutiny
By David Morgan WASHINGTON (Reuters) – Republican U.S. Senator Rick Scott doubled down on his call to replace the Federal…
US Treasury looks to strengthen financial stability; big focus on smaller banks
By Andrea Shalal WASHINGTON (Reuters) -The U.S. Treasury is continuing to monitor the health of mid-sized and regional banks and…
Intel’s Head Of Graphic Chips Unit To Depart
By Stephen Nellis (Reuters) – Intel Corp’s Raja M. Koduri, an executive vice president who oversaw the company’s efforts to…
SVB Financial Group Accuses FDIC Of Cutting It Off From Cash
By Dietrich Knauth (Reuters) – SVB Financial Group said on Tuesday the U.S. Federal Deposit Insurance Corporation had taken “improper…
Bed, Bath & Beyond’s Stock Under $1, Snarling Additional Funding
By Caroline Valetkevitch and Lance Tupper NEW YORK (Reuters) – Shares of Bed Bath & Beyond Inc edged higher in…
Energy, Financial Stocks Push TSX Higher As Inflation Cools
By Johann M Cherian (Reuters) – Canada’s benchmark stock index extended gains for a second-straight session on Tuesday to its…
U.S. Seeks To Prevent China From Benefiting From $52 Billion Chips Funding
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor…