In the US stock market on the 4thPacwest Bancorp andWestern Alliance Bancorp,Selling of bank stocks resumed, led by First Horizon. Investor concerns in the sector have risen anew after several bank failures in recent months. Pacwest plunged 57% at one point. The bank confirmed that it is in talks with several potential investors. Western Alliance … Read more
Activist Bill Ackman, founder of hedge fund firm Pershing Square, said the U.S. regional bank system was in crisis and regulators failed to update and expand the deposit insurance program. He showed recognition that he stabbed him. The regional banking system is at risk. SVB’s depositors’ bad weekend woke up uninsured depositors everywhere. The rapid … Read more
China Earthquake Network officially determined:At 23:27 on May 2, a magnitude 5.2 earthquake occurred in Longyang District, Baoshan City, Yunnan Province (25.35 degrees north latitude, 99.28 degrees east longitude), with a focal depth of 10 kilometers.At 23:38 on May 2, a magnitude 4.4 earthquake occurred in Longyang District, Baoshan City, with a focal depth of … Read more
Written in ECONOMY he 3/5/2023 · 01:05 hs A loan is a good way to pay some debts or to invest in something that we have in mind, But have you ever thought about what is the best way to obtain one? Even knowing the best option to manage it and not end up with … Read more
Former U.S. Treasury Secretary Summers said on Thursday that he was more concerned about the ongoing turmoil in the U.S. financial sector than the dispute between Democrats and Republicans over raising the federal debt ceiling. “Most of the banking trauma seems to be over,” Summers said in an interview with Bloomberg Television. “There is no … Read more
The 2nd is the 4th day of the “May 1st” holiday, and a total of 33.2 million passengers are expected to be sent by highways and waterways across the country. Among them, the national highway is expected to send 31.5 million passengers, an increase of 3.3% month-on-month, and an increase of 96.4% over the same … Read more
US stocks fell sharply on the 2nd. After a day of relief on Wall Street after the acquisition of First Republic Bank, a selloff in regional bank stocks reignited concerns about financial stability. A broad sell-off in stocks accelerated the flight to safe haven assets. stock closing price Compared to the previous business day Rate … Read more
U.S. job openings fell more than expected in March, while layoffs rose sharply, suggesting a softening in labor demand. Key Point U.S. job openings fell to 9.59 million in March Lowest level in almost two years The median economist estimate is 9,736,000. The previous month was revised upward to 9,974,000 (preliminary figure of 9,931,000). Upper … Read more
Mubasher: The decline dominated most of the global gold and oil prices, in addition to the US dollar index, during trading today, Tuesday, on the eve of the start of the crucial Federal Reserve meetings expected by investors in the world. And by 11:00 am GMT, Brent crude futures for July delivery were down 0.04%, … Read more
As the years go on, it seems major blockbusters in the gaming industry only become more expensive to produce. In fact, one recent release reportedly cost over $1 billion when taking production and marketing costs into account. This unsustainable trend is highlighted in the UK’s Competition and Markets Authority (CMA) report on Microsoft’s failed merger … Read more