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US bank shares plunge as PacWest fuels crisis fears

Jennifer DuBois -
Shares in US bank Western Alliance have plummeted by 56pc amid reports it is exploring a possible sale, as fears of a crisis in...
Business

Stocks Lower After Jobless Claims; PACW Plunges

Jennifer DuBois -
The Dow Jones Industrial Average dropped 325 points Thursday after the Labor Department's weekly first-time jobless claims. Regional bank PacWest Bancorp (PACW) crashed...
Business

Plummeting bank stocks test predictions that worst of the crisis is over

Jennifer DuBois -
Federal Reserve Chair Jerome Powell said Wednesday that the seizure of First Republic was "an important step toward drawing a line under" turmoil...
Business

Moderna Posts Earnings Beat. There’s Good News on Covid Vaccines Too.

Jennifer DuBois -
“We are having discussions with Europe to supply Europe for the fall of ’23,” ...
Business

Weight-Loss Drugs Will Be Blockbusters. Here’s the Stock to Buy.

Jennifer DuBois -
Weight-Loss Drugs Will Be Blockbusters. Here’s the Stock to Buy. Source link
Business

Datadog Delivers Q1 Earnings Beat Amid Worries Over Cloud Computing

Jennifer DuBois -
Datadog (DDOG) early Thursday reported March-quarter earnings and revenue that topped analyst estimates, while revenue guidance came in just below expectations. DDOG stock...
Business

Shopify Stock Surges After Surprise Profit. It’s Also Cutting 20% of Staff.

Jennifer DuBois -
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Business

LinkedIn Turns 20. Its Next Career Move: A Big AI Push

Jennifer DuBois -
In 2009, LinkedIn’s new engineering chief, David Henke, assembled his full crew of coders and managers for the first time and fired off...
Business

Shell to hand $12bn back to shareholders after record profits

Jennifer DuBois -
Shell is to hand $12bn (£9.6bn) back to shareholders after posting a record quarterly profit of $9.7bn, triggering fresh calls for a bigger...
Business

Joe Biden Wants Hackers’ Help to Keep AI Chatbots In Check

Jennifer DuBois -
ChatGPT has stoked new hopes about the potential of artificial intelligence—but also new fears. Today the White House joined the chorus of concern,...
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