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Chinese rush to buy Hong Kong insurance, dollars as confidence cracks, yuan weakens

Jennifer DuBois -
SHANGHAI/HONG KONG (Reuters) - Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence...
Business

Exxon Sees $4 Billion Earnings Hit from Gas Prices, Refining

Jennifer DuBois -
(Bloomberg) -- Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with...
Business

Teva’s Strategic Evaluation: Israeli Pharma Company Mulls Divesting $2B Active Ingredients Unit

Jennifer DuBois -
Teva Pharmaceutical Industries Ltd (NYSE: TEVA) is reportedly considering potential strategic options for its active pharmaceutical ingredients (API) unit, which could include a potential...
Business

Bank of America increases dividend by 9% after Fed stress test

Jennifer DuBois -
NEW YORK (Reuters) - Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents...
Business

Top CD Rates Today, July 5, 2023

Jennifer DuBois -
Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds...
Business

Bank of America Plans to Raise Its Dividend

Jennifer DuBois -
The announcement Wednesday makes it the last of the six biggest U.S. banks to announce dividend-increase plans following the release last week of...
Business

Homeowners in DeSantis’s Florida face a costly and unique problem

Jennifer DuBois -
As he campaigns for president, Florida Gov. Ron DeSantis says he wants to “make America Florida.” But homeowners might say, eh, no thanks,...
Business

SVB Financial Approved to Sell Investment Bank Back to Founder for $100 Million

Jennifer DuBois -
(Bloomberg) -- SVB Financial Group, the bankrupt former owner of Silicon Valley Bank, won court permission to sell its investment banking arm for...
Business

Stocks end lower amid China headwinds, Fed minutes: Stock market news today

Jennifer DuBois -
Stocks ended Wednesday's session lower as traders returning from the Independence Day break eyed headwinds for the global economy and combed through the...
Business

Dow Falls As Fed Minutes Show Hikes On Deck; Rivals Rally As Tesla Makes Fresh Price Cut

Jennifer DuBois -
The Dow Jones Industrial Average fell 0.3% at 3 p.m. ET on Wednesday after the Fed minutes for the June meeting were released. The...
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