Chinese small-cap stocks surge in meme-like rally
By Chibuike Oguh and Bansari Mayur Kamdar NEW YORK (Reuters) – The U.S.-listed shares of small and micro-cap Chinese firms…
Economy
Explainer-What next for Microsoft’s $69 billion Activision deal after UK ban?
By Paul Sandle LONDON (Reuters) – Britain’s Competition and Markets Authority (CMA) on Wednesday blocked Microsoft’s $69 billion acquisition of…
Factbox: Highlights from US regulators’ reviews of SVB, Signature failures
(Reuters) – The Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on Friday on what went wrong and…
Pinterest, Snap tumble 18% as outlooks disappoint investors
By Noel Randewich (Reuters) -Shares of both Pinterest Inc and Snap Inc tumbled about 18% on Friday after the two…
U.S. officials lead urgent rescue talks for First Republic -sources
By Nupur Anand, Andrea Shalal and Greg Roumeliotis NEW YORK (Reuters) – U.S. officials are coordinating urgent talks to rescue…
Time for daily talks between Biden, Republicans on debt, moderate Democrat says
By David Morgan WASHINGTON (Reuters) – A prominent moderate U.S. House of Representatives Democrat said Friday that it is time…
US consumer spending flattens; core inflation still hot
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending was unchanged in March as an increase in outlays on services…
Signature Bank failure due to ‘poor management,’ US FDIC report says
(Reuters) – Last month’s failure of New York-based Signature Bank was caused by “poor management” and a pursuit of “rapid,…
Amazon’s cloud warning rattles investors
By Aditya Soni (Reuters) – Growth in Amazon.com Inc’s lucrative cloud business is slowing and investors are worried. Shares fell…
Russian Finance Minister: Hitting budget deficit of 2% of GDP depends on oil and gas – agencies
(Reuters) – Russia’s forecast of a 2023 budget deficit of no more than 2% of gross domestic product (GDP) remains…