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…
More tech investment needed to prevent aviation accidents – US safety board
(Reuters) – The U.S. needs to invest more in aviation safety technology solutions after a series of close-call runway incidents…
Oil prices up after bullish Saudi comments, falling U.S. stockpiles
(Reuters) – Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning…
Europe Gas Falls Further as Traders Eye Weaker Demand Prospects
(Bloomberg) — European natural gas prices declined further to the lowest level in nearly two years as demand prospects for…