Scope Ratings places US credit ratings under review for possible downgrade
(Reuters) -Scope Ratings on Friday placed the United States of America’s AA long-term issuer and senior unsecured debt ratings in…
Economy
Wall Street Week Ahead: U.S. consumer price data to test feared stagflation scenario
By David Randall NEW YORK (Reuters) – Fears of stagflation are percolating on Wall Street, as investors await data that…
Dow has best day since Jan. 6 after Apple rally, jobs data
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Friday, with the Dow posting its biggest one-day percentage…
US bank lending touches record as deposits fall, Fed data shows
(Reuters) -Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data…
Stocks rally while Treasuries fall as US jobs data brightens outlook
By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) – A global gauge of stocks rallied and U.S. Treasuries and…
Lawmaker and head of NSF warn of delays to funding U.S. tech research
By Jane Lanhee Lee Santa Clara, California (Reuters) – Silicon Valley’s U.S. Democratic Representative Ro Khanna and the director of…
Fed’s Goolsbee: ‘way too premature’ to expect June rate hike
-Chicago Federal Reserve Bank President Austan Goolsbee on Friday said it is “way too premature” to suggest that stronger-than-expected job…
U.S. regional banks rally, capping whipsaw week
By Manya Saini and Chibuike Oguh (Reuters) – Shares in PacWest Bancorp jumped nearly 82% amid a broader rebound in…
Retailer Christmas Tree Shops files for Chapter 11 bankruptcy
(Reuters) – Christmas Tree Shops, a home-decor retailer that was spun off from Bed Bath & Beyond in 2020, filed…
SEC probing First Republic Bank executives for insider trading – Bloomberg News
(Reuters) -The U.S. Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure…