US Bank Deposits Fall $76.2 Billion, Led by Large Institutions
US bank deposits fell last week, indicating the financial system remains fragile after a string of bank failures.
Bloomberg Business
A Schwab Divorce From Bank Could Unlock Value, JPMorgan Says
With all the angst bearing down on Charles Schwab Corp., the brokerage may be worth a lot more without its bank.
Cease-Fire Declared in Sudan After Days of Deadly Clashes
Sudan’s army and a rival paramilitary group declared a cease-fire following seven days of conflict that has claimed hundreds of lives and brought the northern African nation to the brink of an all-out civil war.
SQM Weighs Hard Choices in Chile Amid $3.7 Billion Share Wipeout
The Chilean government’s announcement of a new lithium model is giving the nation’s biggest producer some hard choices, and its shareholders a reason to sell.
Italy Freezes Assets of Russian Who Dodged US Sanctions Charges
Italy froze the financial assets of Artem Uss, a politically connected Russian who escaped from house arrest in Milan while awaiting extradition on US charges of sanctions evasion and money laundering.
Fed’s Cook Says Assessing Tighter Credit, Strong Data for Rate Decisions
Federal Reserve Governor Lisa Cook said that US inflation remains elevated and “broad based,” but she’s assessing the impact of tighter credit conditions to determine how high interest rates need to be to bridle price pressures.
Tesla Cleared by Jury in Autopilot Crash Suit in Los Angeles
Tesla Inc. was found by a Los Angeles jury not to be at fault following a trial over a driver’s claim that Autopilot feature in her Model S caused her to veer into the center median of a city street, according to a court clerk.
UK Ratings Outlook Revised to Stable From Negative by S&P
The U.K. had its credit rating outlook revised to stable from negative by Standard & Poor’s, which said near-term downside economic risks have reduced.
Money Is Pouring Into Stock ETFs at a Time When Bearish Warnings Soar
Investors are losing their ability to resist a stock rally that much of Wall Street is convinced is doomed.
AT&T’s Biggest Drop Since 2000 Prompts HSBC to Turn Bullish
AT&T Inc. shares rose 3.2% on Friday, after HSBC took advantage of a steep earnings-driven selloff to upgrade the telecom company to buy from hold.
