(Reuters) -Wall Street CEOs and U.S. officials discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal, Bloomberg News reported on Tue[...]
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March 21, 2023
Wall Street ends green on bank bounce as Fed takes focus
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve[...]
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Putin says Chinese proposal could be basis for peace in Ukraine
By Gareth Jones (Reuters) -Russian President Vladimir Putin said after talks with Chinese leader Xi Jinping on Tuesday that Chinese proposals could be used as the basis of a peace settlement in Ukrain[...]
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Mexico makes lots of electric cars, but few Mexicans drive them
By Aida Pelaez-Fernandez MEXICO CITY(Reuters) – With Tesla Inc’s plan to open a $5 billion Gigafactory in Mexico, the country should soon become a hub of electric vehicle (EV) production,[...]
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U.S. SEC delays vote on private investment reporting rule
(Reuters) – Wall Street’s top regulator said on Tuesday it had postponed a planned vote on a proposed rule to help protect the stability of the financial system by detecting risk in the $2[...]
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US officials talked about raising deposit insurance without Congress -sources
By Pete Schroeder and Andrea Shalal WASHINGTON (Reuters) – Government officials discussed the idea of increasing deposit insurance without obtaining approval from Congress as they brainstormed v[...]
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Silicon Valley Bank’s former owner, FDIC bracing for fight over $2 billion
By Dietrich Knauth and Tom Hals (Reuters) -SVB Financial Group and the federal regulator that closed its Silicon Valley Bank unit indicated at a bankruptcy court hearing on Tuesday that a fight is loo[...]
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GameStop shares surge as cost cuts drive surprise profit
By Akash Sriram (Reuters) -GameStop Corp on Tuesday posted a surprise profit for the fourth quarter, its first since early 2021, as lower costs and job cuts padded the videogame retailer’s botto[...]
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Judge in Archegos founder’s criminal case unlikely to dismiss charges
By Jody Godoy and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday signaled he was unlikely to dismiss an indictment accusing Bill Hwang of fraud in the collapse of his $36 billion[...]
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