Bond traders are waving off protestations that the Federal Reserve might have one more hike up its sleeve and are increasingly convinced that the US central bank’s next move will be to cut its benchmark as recession risks mount.
PacWest Bancorp., a regional bank teetering following the collapse of three rival California-based lenders, has been weighing a range of strategic options, including a sale, according to people familiar with the matter.
Qualcomm Inc., the largest maker of smartphone processors, tumbled in late trading after a disappointing forecast signaled that demand for mobile devices remains sluggish — especially in China.
Federal Reserve Chair Jerome Powell hinted the US central bank’s latest interest-rate increase could be the last one, but stopped short of declaring victory on its battle against rapid price increases.
The fallout from the global energy crisis is pushing Thailand to accelerate its shift to renewables after dragging its feet for years, the latest nation to embrace wind and solar in order to reduce dependence on imported fuel.
Workers at Apple Inc.’s unionized store in Maryland are asking for higher pay and additional time off, along with changes that could affect the company’s tightly controlled retail experience, such as letting customers tip employees.
UBS Group AG’s board of directors concluded that buying Credit Suisse Group AG wasn’t desirable just weeks before the firm agreed to a historic, government-brokered deal to purchase its struggling rival.
Wall Street’s excitement about a potential pause in the Federal Reserve’s aggressive tightening campaign wasn’t enough to keep the stock rally going, with Jerome Powell pushing back on interest-rate cuts for now.
US prosecutors won the first-ever insider-trading trial involving digital assets with the conviction of a former product manager at the largest NFT marketplace for using confidential information to make thousands of dollars in profit.
Lazard Ltd. is planning to close multiple offices in Latin America to cut costs amid a slowdown in the merger-and-acquisition advisory business, according to people familiar with the matter.
