(Reuters) -The U.S. Federal Deposit Insurance Corp (FDIC) is mulling whether to offer loss-sharing agreements to private equity firms and other nonbanks that buy parts of failed lenders, after it was[...]
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May 5, 2023
Wall Street Week Ahead: U.S. consumer price data to test feared stagflation scenario
By David Randall NEW YORK (Reuters) – Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on whether the Federal Reserve is succeeding in tamping d[...]
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Dow has best day since Jan. 6 after Apple rally, jobs data
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Friday, with the Dow posting its biggest one-day percentage gain since Jan. 6, as shares of Apple surged more than 4% after u[...]
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US bank lending touches record as deposits fall, Fed data shows
(Reuters) -Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data released on Friday by the Federal Reserve showed, while overall credit provided by ban[...]
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Stocks rally while Treasuries fall as US jobs data brightens outlook
By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) – A global gauge of stocks rallied and U.S. Treasuries and gold sold off on Friday as strong U.S. jobs data brightened the economic ou[...]
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Walmart names insider Latriece Watkins as US merchandising chief
(Reuters) – Walmart Inc appointed Latriece Watkins as its U.S. chief merchandising officer, according to a memo seen by Reuters on Friday, days after Charles Redfield stepped down from the role.[...]
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DeSantis signs bill allowing Florida board to cancel Disney deals
By Joseph Ax and Dawn Chmielewski (Reuters) -Florida Governor Ron DeSantis on Friday signed a bill into law that gives a new board he controls the power to void development agreements its predecessor[...]
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Fed’s Goolsbee: ‘way too premature’ to expect June rate hike
-Chicago Federal Reserve Bank President Austan Goolsbee on Friday said it is “way too premature” to suggest that stronger-than-expected job gains in April mean the central bank will need t[...]
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U.S. regional banks rally, capping whipsaw week
By Manya Saini and Chibuike Oguh (Reuters) – Shares in PacWest Bancorp jumped nearly 82% amid a broader rebound in U.S. regional banks on Friday after analysts upgraded a number of lenders they[...]
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