Treasury Yields Plummet as Regional Bank Fears Spur Haven Buying
Treasuries were resurgent Tuesday as investors sought out safer assets amid ongoing worry about US regional banks and as economic data pointed to a softening labor market.
Bloomberg Business
US Job Openings Fall, Layoffs Jump in Sign of Softer Labor Market
Vacancies at US employers fell in March by more than forecast and layoffs jumped, indicating softening demand for workers.
Conservative Pundit Ben Shapiro Invests $4.7 Million in Israeli Drug Company
Right-wing media entrepreneur Ben Shapiro has taken a $4.7 million stake in a struggling Israeli pharmaceutical company and joined the board.
Apax Weighs Buyout of $2 Billion IT Firm Thoughtworks
A consortium backed by buyout firm Apax Partners is considering a potential bid to take US-listed technology consultancy Thoughtworks Holding Inc. private, people familiar with the matter said.
Russian Gold Is in Hands of Obscure Firms as JPMorgan, HSBC Exit
With Russian gold shut out of Western markets, little-known companies are stepping in to help the country’s bullion find new buyers.
US Regional Bank Stress Urges Big Preferred Investor to Sell
A major buyer of securities issued by US banks to bolster capital is cutting exposure to regional issuers due to concerns about their ability to quickly recover from the current stress.
Cheniere Reports Record Profit Even as LNG Prices Plummet
Cheniere Energy Inc. announced record profit even as liquified natural gas prices plummeted, boosted by hedging gains.
Nurses Urged to End Strikes After UK Unions Accept Pay Deal
The UK government is pushing ahead with a pay deal for health workers despite nurses threatening another six months of walkouts.
Palestinian Militant’s Death in Israeli Jail Sparks Fighting
The death of a hunger-striking Palestinian militant in an Israeli prison touched off a new eruption of fighting along the volatile border between southern Israel and the Gaza Strip.
BlackRock Favors Shorter Bonds to Hedge Volatility, Higher Rates
Interest rates and inflation will stay higher for longer than markets are pricing, increasing the attraction of short-dated bonds relative to longer-term debt, according to BlackRock Inc.’s research arm.