FRC: First Republic Bank Taken Over by JP Morgan in Efforts to Stabilize Banking Sector
First Republic Bank has finally announced that it will sell the remainder of its assets to JP Morgan to the tune of…
Robinhood, securities regulators face off over Massachusetts fiduciary rule
(Reuters) – Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central…
Carlsberg agrees to pay 50 million euro fine in German price-fixing case
(Reuters) – Danish brewer Carlsberg (OTC:CABGY) has reached a settlement with German authorities and agreed to pay a 50 million-euro…
EUR/USD: Euro Regains $1.10 as Traders Eye Fed’s Interest Rate Decision
The US central bank is expected to hike interest rates by another 25 bps. What will happen to the EUR/USD?…
CVS cuts annual profit forecast as M&As seen driving up costs
(Reuters) – CVS Health Corp cut its full-year profit forecast on Wednesday, citing increased costs related to its acquisitions of…
Oil extends losses ahead of expected interest rate hikes
(Reuters) – Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the…
Gold firms above $2,000 as Fed anxiety, bank rout boost safe havens
Gold prices moved little in early Asian trade on Wednesday, but were underpinned by increased safe haven demand amid renewed…
Tesla resumes US orders for Model 3 long-range version at lower price
Tesla (NASDAQ:TSLA) Inc has resumed taking orders for its Model 3 long-range version in the United States, the company’s website…
Lufthansa sees earnings boost from strong summer travel
(Reuters) – German airline group Deutsche Lufthansa (ETR:LHAG) said it expected strong demand for holiday travel this summer to fill…
Porsche sees 25% operating profit jump in Q1 on record deliveries
(Reuters) – Luxury carmaker Porsche’s return on sales in the first quarter was on par with last year’s at 18.2%,…