UK Inflation Slips to 8.7%, Posing New Challenges for the Bank of England
Consumer prices for April dropped less than what the Bank of England had projected, raising prospects for more rate hikes.…
LVMH Shares Slide 5% as Investors Step Back from Luxury Sector
A broad-based luxury corner selloff swept European markets as money managers grappled with a slowdown in the US economy. LVMH…
Sarepta tumbles 15% on 9001 decision delay; analysts see a buying opportunity
Sarepta Therapeutics (NASDAQ:SRPT) shares fell as much as 14.8% in early Wednesday trading after the medical research company said the U.S.…
XPeng sinks, following 1Q miss and weak forecast
Shares of Chinese electric automaker Xpeng Inc. (HK:9868) are down more than 5% in pre-market trading on Wednesday following its…
PacWest shares extend recovery on sale of real-estate lending unit
(Reuters) – Shares of PacWest Bancorp climbed 6.4% in premarket trading on Wednesday after the U.S. mid-sized lender agreed to…
Canada’s BMO, Scotiabank report lower income on higher provisions
(Reuters) – Bank of Montreal and Bank of Nova Scotia on Wednesday reported lower adjusted earnings at home as the…
Futures dip as debt ceiling talks drag on
(Reuters) – U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and…
Ree Automotive Holding earnings missed, revenue fell short of estimates
Ree Automotive Holding (NASDAQ: REE) reported first quarter EPS of $-0.09, worse than the analyst estimate of $-0.08. Revenue for…
Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure – WSJ
(Reuters) – The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized…
China was reducing Micron chip purchases years before ban
(Reuters) – In the years before China declared U.S. firm Micron Technology (NASDAQ:MU)’s products a national security risk, authorities were…