BNY Mellon Reverses Losses as CEO Signals Trough in Deposits
Shares of Bank of New York Mellon Corp. rebounded, reversing losses of as much as 5.2% after the lender signaled an end to the slide in deposits.
BNY Mellon Reverses Losses as CEO Signals Trough in Deposits
Shares of Bank of New York Mellon Corp. rebounded, reversing losses of as much as 5.2% after the lender signaled an end to the slide in deposits.
New York Pot Sales Hit $83 Million With More Dispensaries Opening
New York State will license five new marijuana dispensaries to open, part of an effort to keep up with growing demand and out-compete illicit sellers, according to the state’s cannabis regulator.
Oil Near $86 as Biden Commits to Israel Trip to Contain Crisis
Oil fluctuated near $86 as the US intensified diplomatic efforts to contain the crisis in Gaza, with President Joe Biden slated to visit Israel this week to try to prevent a regional conflagration.
Fed Has Time to See If More Needed to Tame Inflation, Barkin Says
Federal Reserve Bank of Richmond President Thomas Barkin said policymakers “have time” to work out whether they can hold interest rates steady or if they need to raise them further to get inflation to policymakers’ 2% goal.
Western Digital Slides on Report Kioxia Deal Faces Pushback
Western Digital Corp. shares slid as much as 4.7% on a report that its potential deal with Kioxia Holdings Corp. faces pushback from South Korea’s SK Hynix Inc., which needs to provide consent for the transaction.
FTX Latest: Singh Says Alameda Line of Credit Helped Customers
Nishad Singh, the former director of engineering at FTX, faces cross-examination at the Sam Bankman-Fried trial Tuesday.
Oil Industry Leaders Gave Money to Trump in 2020. Now They’re Funding His Rivals
Oil industry leaders contributed top dollar to President Donald Trump in 2020. But now oil and gas titans are underwriting his GOP rivals instead.
US Yields Rise as Hot Economic Data Fuel Fed Bets: Markets Wrap
Bond yields rose after solid economic reports reinforced the case for the Federal Reserve to keep interest rates higher for longer.
Scotland Leader Announces Plans to Sell First Bonds by 2026
The Scottish government will raise funds on capital markets for the first time by 2026, First Minister Humza Yousaf said, in an effort to establish its financial independence from the UK.