Bloomberg Business

Regional bank leaders are snapping up shares of their companies’ stocks, taking advantage of a selloff fueled by the fallout from Silicon Valley Bank’s collapse.

President Joe Biden on Tuesday detailed a new executive order aimed at increasing background checks on gun purchases, an effort to address gun violence even as the prospects for further legislation in Congress remain dim.

Another market meltdown, and another costly lesson for ESG.

Argentina’s annual inflation surpassed 100% last month, one of the world’s fastest rates, putting extra pressure on an economy that’s expected to fall into recession ahead of presidential elections this year.

(Bloomberg) — Federal Reserve Governor Michelle Bowman said America’s banking system remains on steady footing even after the collapse of Silicon Valley Bank and state regulators’ seizure of Signature Bank.

US stocks rallied into the close as traders wagered the worst of the banking turmoil has passed. Treasuries fell.

AMC Entertainment Holdings Inc. common stock sank and its preferred shares rallied after investors approved a series of steps that the movie theater operator has said will help it raise cash and reduce debt.

In the span of just three days, short sellers minted more than $2 billion in paper profits as the collapse of Silicon Valley Bank set off a cascade of selling across the stocks of regional lenders.

Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.