Marketmind: Japan leads the way, China feels the heat
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors in Asia…
Business
US supply chain woes shift and persist in 2023
By Lisa Baertlein CHICAGO (Reuters) -The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing…
US regional bank shares rally after Western Alliance reports deposit growth
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of U.S. regional lenders jumped on Wednesday on growing investor confidence that…
SVB Financial defeats FDIC effort to seize incoming tax refunds
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday ordered the U.S. Federal Deposit Insurance Corporation…
US sharply raises shale oil drilling count but not output forecast
By Stephanie Kelly NEW YORK (Reuters) – U.S. oil producers were much more active last year in the prolific Permian…
US expects flights to jump on Memorial Day weekend, near pre-COVID levels
By David Shepardson WASHINGTON (Reuters) -U.S. aviation regulators are forecasting nearly 313,000 flights over the seven-day Memorial Day holiday period,…
Wall St ends sharply higher, dollar hits seven-week high as debt limit talks advance
By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to a higher close on Wednesday, gathering momentum throughout the…
Broadcom offers VMware interoperability remedies to address EU concerns -sources
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom has offered interoperability remedies in an effort to address European…
Pet food manufacturer Alphia explores sale – sources
By Abigail Summerville NEW YORK (Reuters) – Alphia is exploring options including a sale that could value the private equity-owned…
Ex-First Republic CEO blames contagion for bank’s collapse
(Reuters) – The former chief executive of the First Republic Bank Michael Roffler blamed the bank’s collapse on the contagion…