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PacWest shares plunge 60pc as US bank explores sale – latest updates

07:03 AM5 things to start your dayGood morning.PacWest shares plummeted by 50pc in after hours trading in New York amid talks of a...

Treasury Yields May Fall to 2% as Gundlach, Banks Eye Recession

(Bloomberg) -- The rally in US Treasuries is set to accelerate as the world’s biggest economy slides toward a recession, strategists say.Most Read...

PacWest Moves to Calm Market After Rout, Says Deposits Rose

(Bloomberg) -- PacWest Bancorp said deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets...

Futures Rise Even As PacWest Dives; Stocks Slide On Powell

Dow Jones futures rose modestly Thursday morning, along with S&P 500 futures and Nasdaq futures. PacWest Bancorp (PACW) plummeted late on a report...

Oil’s Dramatic Open Leaves Traders Puzzled After WTI Crashes

(Bloomberg) -- After a wave of selling over the last week it was little surprise when US crude futures opened lower on Thursday,...

Pushback Against Powell’s Prognosis Comes Almost Immediately

(Bloomberg) -- Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike had started to challenge Chair Jerome Powell’s assessment...

Oil’s Chaotic Selloff Worsens With 7.2% Tumble at Asia Open

(Bloomberg) -- Oil futures endured a roller-coaster ride as Chinese traders returned after a break, first collapsing to the lowest level since 2021...

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