March 18 (Reuters) – BlackRock Inc (BLK.N) Vice Chairman Philipp Hildebrand takes part in talks as Swiss officials try to hammer out a deal for UBS Group (UBSG.S) to take over Credit Suisse Group AG (CSGN.S), Bloomberg News reported on Saturday, citing unidentified sources. Asked about the report, BlackRock spokesman Ryan O’Keeffe said in a … Read more
First Republic Bank tumbles by suspending its dividend SVB Financial files for bankruptcy protection FedEx jumps on boost to full-year earnings forecast Indices down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street fell on Friday at the end of a tumultuous week marked by the unfolding crisis in the … Read more
WASHINGTON, March 15 (Reuters) – The Biden administration has demanded that Chinese owners of TikTok divest their shares in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move, first reported by The Wall Street Journal, is the most dramatic in a string of recent moves by … Read more
February Retail Sales, Lower Producer Inflation Credit Suisse US shares hit all-time low Shares of regional banks fall Indices down: Dow 1.82%, S&P 1.55%, Nasdaq 0.88% NEW YORK, March 15 (Reuters) – U.S. stocks fell sharply on Wednesday as turmoil at Credit Suisse rekindled fears of a banking crisis, eclipsing bets of a smaller rise … Read more
NEW YORK, March 15 (Reuters) – First Republic Bank (FRC.N) has spoken to at least one private equity firm about raising capital ahead of securing funding from JPMorgan Chase & Co ( JPM.N) and US authorities have stepped in to support the industry, two sources familiar with the matter said. The conversations, which have not … Read more
February CPI in line with expectations Regional banks rebound Meta rises on more layoff plans Indices up: Dow 1.33%, S&P 1.95%, Nasdaq 2.36% March 14 (Reuters) – U.S. bank stocks rebounded on Tuesday, pushing major Wall Street indexes higher as a slight slowdown in consumer price growth prompted investors to expect a lower rate hike … Read more
March 14 (Reuters) – Facebook parent company Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs, the first major tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. Meta shares jumped 6% on the news. The widely anticipated job cuts are part of … Read more
March 13 (Reuters) – Two people were killed and nine injured after they were hit by a pickup truck on Monday in the Canadian town of Amqui, Quebec, provincial police said. Police spokeswoman Hélène St-Pierre said the circumstances of the collision were still under investigation and the driver of the van, a 38-year-old man, was … Read more
March 13 (Reuters) – China will start issuing various categories of visas to foreigners from March 15, the Chinese Embassy in the United States said on Monday, as the country continues to reopen its borders after three years of COVID -19. containment measures. In a statement, the embassy said China will also lift visa restrictions … Read more
March 13 (Reuters) – Pfizer Inc (PFE.N) has reached a $43 billion deal with Seagen Inc (SGEN.O) to add innovative targeted therapies to its cancer treatment portfolio as it prepares to a sharp drop in sales of COVID-19 products and fierce competition for some top sellers. Monday’s deal, the largest in a series of Pfizer … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PSMX4LHMMZNTJCKO7U6XD6WDXQ.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RLPQ5A2BDRPE5ICPNOGM467A4M.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/FCUZCAEPB5IJBCIJ3N5DY4T4JQ.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/UECNH277JZMXNPHJMWLT4NDUJI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XE7TSTBDVBLFRGPKYJOW6XQBEM.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RVMXFQHCTZNFLFGHFPDAU4Z2XE.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/FXLSNBHXSVJSRHJIVIC7K5OECI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XGACEPLMIJI3VEZYOZZTI22EJI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/D4T7P7TOOBO73CKLTVFMUTOH44.jpg?ssl=1)