Business FDIC mulls loss-sharing with nonbanks to boost bids on failed lenders – Bloomberg News The Cheap InvestorMay 5, 2023May 5, 20230 (Reuters) -The U.S. Federal Deposit Insurance Corp (FDIC) is mulling whether to offer loss-sharing agreements to private equity firms and…
BusinessEconomy Wall Street Week Ahead: U.S. consumer price data to test feared stagflation scenario The Cheap InvestorMay 5, 2023May 5, 20230 By David Randall NEW YORK (Reuters) – Fears of stagflation are percolating on Wall Street, as investors await data that…
BusinessEconomy Dow has best day since Jan. 6 after Apple rally, jobs data The Cheap InvestorMay 5, 2023May 5, 20230 By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Friday, with the Dow posting its biggest one-day percentage…
BusinessEconomy US bank lending touches record as deposits fall, Fed data shows The Cheap InvestorMay 5, 2023May 5, 20230 (Reuters) -Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data…
AsiaAustralia Stocks rally while Treasuries fall as US jobs data brightens outlook The Cheap InvestorMay 5, 2023May 5, 20230 By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) – A global gauge of stocks rallied and U.S. Treasuries and…
BusinessUS Walmart names insider Latriece Watkins as US merchandising chief The Cheap InvestorMay 5, 2023May 5, 20230 (Reuters) – Walmart Inc appointed Latriece Watkins as its U.S. chief merchandising officer, according to a memo seen by Reuters…
BusinessEntertainment and Lifestyle DeSantis signs bill allowing Florida board to cancel Disney deals The Cheap InvestorMay 5, 2023May 5, 20230 By Joseph Ax and Dawn Chmielewski (Reuters) -Florida Governor Ron DeSantis on Friday signed a bill into law that gives…
BusinessEconomy Fed’s Goolsbee: ‘way too premature’ to expect June rate hike The Cheap InvestorMay 5, 2023May 5, 20230 -Chicago Federal Reserve Bank President Austan Goolsbee on Friday said it is “way too premature” to suggest that stronger-than-expected job…
BusinessCanada U.S. regional banks rally, capping whipsaw week The Cheap InvestorMay 5, 2023May 5, 20230 By Manya Saini and Chibuike Oguh (Reuters) – Shares in PacWest Bancorp jumped nearly 82% amid a broader rebound in…
BusinessEconomy Retailer Christmas Tree Shops files for Chapter 11 bankruptcy The Cheap InvestorMay 5, 20230 (Reuters) – Christmas Tree Shops, a home-decor retailer that was spun off from Bed Bath & Beyond in 2020, filed…