PacWest shares plunge after it reports drop in deposits
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged 23% on Thursday after the Los-Angeles-based lender said…
Economy
Key Fed emergency lending little changed in latest week
NEW YORK (Reuters) – Emergency liquidity borrowing from the Federal Reserve was little changed in the latest week, the central…
Factbox: Brokerage Robinhood joins trend of around-the-clock stock trading
NEW YORK (Reuters) – Robinhood Markets Inc said on Wednesday after markets closed that it would launch 24/5 trading for…
UAE’s Royal Group looking at opportunities in US market – chair
DUBAI (Reuters) – The chairman of Abu Dhabi-based conglomerate Royal Group, Sheikh Tahnoon bin Zayed Al Nahyan, said on Thursday…
Beyond Meat tumbles to new low after seeking to raise $200 million
(Reuters) – Shares of Beyond Meat tumbled 18% to new lows on Thursday after the plant-based substitute meat seller said…
Italian steelmaker Feralpi invites banks to pitch for IPO role –sources
By Elisa Anzolin and Pablo Mayo Cerqueiro MILAN/LONDON (Reuters) – Italian steelmaker Feralpi Group is sounding out investment banks to…
Dollar stronger as market rethinks monetary policy outlook
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set…
ECB’s de Guindos singles out services as top inflation worry
By Joan Faus BARCELONA (Reuters) – European Central Bank Vice President Luis de Guindos on Thursday singled out the rising…
Why the US delayed China sanctions after shooting down a spy balloon
By Michael Martina WASHINGTON (Reuters) -When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials…
Oil falls 2% on weak US and Chinese economic data
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% to a one-week low on Thursday as a political…