Short sellers reap $378.9 million from losses in PacWest, two other bank stocks – Ortex
(Reuters) – Short sellers made $378.9 million in paper profits betting against regional banks First Horizon Corp, PacWest Bancorp and…
Economy
Analysis-Markets bet ECB will pause hikes soon as economy feels rate pinch
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – The ECB may not be done with rate hikes just yet,…
European shares end lower as ECB slows rate hikes but signals more to come
By Shreyashi Sanyal (Reuters) -European shares ended Thursday lower after the European Central Bank eased the pace of its interest…
Western Alliance Bancorp denies report of bank exploring sale
(Reuters) -Western Alliance Bancorp on Thursday denied a report that said it was exploring a potential sale that sent the…
Ferrari sees strong second quarter as Purosangue deliveries start
MILAN (Reuters) -Ferrari on Thursday produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong…
Treasury: US banks have ‘substantial’ liquidity, deposit flows are stable
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday said it was continuing to monitor market developments amid sharp drops…
US jobs market softening; slumping productivity boosts labor costs
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased last week as…
Albemarle aims to use new lithium tech in Chile as govt broadens control
By Ernest Scheyder (Reuters) – Albemarle Corp plans to deploy new lithium filtration technologies in Chile as the government moves…
US retailers cut most number of jobs in April -report
(Reuters) -U.S. retailers replaced technology firms in cutting the most number of jobs in April, as companies show little signs…
Denmark’s central bank raises key rate, following ECB hike
COPENHAGEN (Reuters) – Denmark’s central bank raised its key interest rate by 0.25 percentage points to 2.85% on Thursday, following…