BofA Sees Risk of Another FX Liquidity Crunch After Bank Crisis
The global currency market is vulnerable to a liquidity crunch later this year as financial conditions tighten and economic growth slows, Bank of America Corp. warned.
Bloomberg Business
US Pending Home Sales Unexpectedly Rise to Highest Since August
US pending home sales unexpectedly rose in February for a third month, adding to signs that the housing market may be stabilizing after a tumultuous year.
Lululemon Jumps As Outlook Exceeds Expectations
Lululemon Athletica Inc. shares had the biggest gain since March 2020 after the company gave an annual outlook that surpassed analysts’ expectations, driven by high demand for activewear, even as it deals with nagging inventory issues that ate into margins.
CrowdStrike Backs Startup That Fights Email Scams
CrowdStrike Holdings Inc. is investing $10 million in Abnormal Security Corp., a startup that helps businesses cope with compromised emails, after highlighting the attack method as a fast-growing threat.
Citigroup Poaches Two Credit Suisse Consumer Bankers in Europe
Citigroup Inc. has hired two senior consumer dealmakers from Credit Suisse Group AG to beef up its European investment banking ranks.
Bluebird Bio Expects Delay on FDA Sickle Cell Drug Application
Bluebird Bio Inc. shares fell the most in nine months after the struggling biotech said it will to fall short of its goal to seek regulatory approval for its sickle cell gene therapy by the end of March.
Nvidia’s Sizzling AI-Driven Rally Flashes a Warning
Of all the stocks that have been supercharged by this year’s artificial intelligence frenzy, Nvidia Corp. stands alone.
India’s Sebi to Submit Report on Adani to Court-Appointed Panel
The Securities and Exchange Board of India confirmed that it will submit its findings on the Adani Group to a court-appointed committee.
Shell CFO Says Shareholders Focusing More on Energy Security
Shell Plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion of Ukraine, according to Chief Financial Officer Sinead Gorman.
Title Insurer Crafted Illegal ‘No Poach’ Hiring Deals, New York AG Says
Fidelity National Financial Inc., the biggest US title insurer, illegally colluded with competitors by agreeing to not solicit, recruit or hire each other’s employees, the New York attorney general said.
