Oil Extends Loss Into Third Week on Concerns Over China Recovery
Oil fell to extend two weeks of losses after data from China reignited concerns about a patchy recovery in the world’s biggest crude importer.
Bloomberg Business
Ukraine Latest: US Says 20,000 Russians Killed in Bakhmut Fight
Russia has suffered more than 100,000 casualties, including 20,000 killed, since December in the stalemated fight over Bakhmut in eastern Ukraine, according to the US National Security Council.
Taylor Swift Helps Boost Las Vegas Tourism to Pre-Covid Levels
Two nights of the Taylor Swift Eras Tour helped to drive Las Vegas tourism to pre-Covid levels in March, according to the Las Vegas Convention and Visitors Authority.
Milken Latest: The War in Ukraine Is Seen Continuing For Years
It’s the first full day of speakers at the Milken Institute Global Conference in Beverly Hills, California, which brings together everyone from dealmakers to celebrities.
Citigroup’s CEO Willing to Adjust Staffing Levels in Investment Bank
Citigroup Inc. Chief Executive Officer Jane Fraser said the company is willing to make adjustments to staffing levels inside its investment bank as the firm and its rivals continue to deal with an industrywide slump in dealmaking and underwriting activity.
Fed Watchdog Recommends More Staff Be Covered by Trading Rules
The Federal Reserve’s internal watchdog recommended that personal trading rules be extended to more staff after discovering that hundreds with access to confidential information are not covered.
Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021
Bitcoin slipped back Monday after climbing for four consecutive months through April in the longest such winning run since 2021.
US Weighs More Business Deposit Insurance After Bank Failures
A top US regulator wants a sweeping overhaul of deposit insurance after recent bank failures partly drained a pool of money the government uses to protect lenders’ clients.
First Republic’s Jumbo Mortgages Brought On Bank’s Failure
The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary sums of money blew up in spectacular fashion.