Real estate stocks were the hot defensive play for investors on Thursday as regional banks continued their selloff a day after the Federal Reserve hinted at a potential pause in its interest rate-hike campaign.
When Coinbase Global Inc. became the first US crypto exchange to go public, the Nasdaq debut was seen as a sign the freewheeling industry was joining the financial mainstream with the blessing of US regulators.
PacWest Bancorp, First Horizon Corp. and Western Alliance Bancorp led a renewed slide in the shares of US regional lenders, adding to concern for a sector that’s been rattled in recent months by the collapse of multiple firms.
Portuguese President Marcelo Rebelo de Sousa said he’ll keep a closer watch on the government after disagreeing with Prime Minister Antonio Costa’s decision to keep Infrastructure Minister Joao Galamba in office.
Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank’s proposed takeover of First Horizon Corp., but they were unprepared for what happened Thursday when the $13.4 billion transaction melted down.
Pop star Ed Sheeran won a closely watched trial over claims that his 2014 Grammy-winning song Thinking Out Loud copied key musical elements from Marvin Gaye’s classic soul groove Let’s Get It On.
Block Inc., the digital payments company run by Jack Dorsey, raised its outlook for a measure of full-year profit after use of its Cash App product jumped in the first three months of the year.
President Volodymyr Zelenskiy visited the International Criminal Court in The Hague, where he urged the creation of a “full-fledged” tribunal to punish Russia for its aggression. Ukraine’s leader and other officials also redoubled their push for allies to provide Kyiv’s troops with modern fighter jets.
Kenvue Inc., the consumer health business of Johnson & Johnson, climbed from its initial public offering price during Thursday’s debut session — breaking a lull in large US listings that’s lasted for more than a year.
Carlyle Group Inc.’s new chief executive officer, Harvey Schwartz, signaled he’ll push for change at the private-equity firm as shares tumbled the most in three years following a disappointing earnings report.
