Norfolk Southern unveils compensation plans for homeowners near derailment site
Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners whose homes lost value due to the railroad's February derailment.
2023-05-11 22:21
Bank of England raises UK interest rates to highest level since 2008
The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. The decision on Thursday by the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets
2023-05-11 22:20
PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
2023-05-11 21:56
Stock market today: Stocks dip following inflation data, drops for Disney, banks
Wall Street is dipping in early trading, weighed down by a sharp drop for Disney and flaring fears about U.S. banks
2023-05-11 21:55
Bain, Abu Dhabi Buy Stake in CI Financial’s US Wealth Unit
Canadian asset manager CI Financial Corp. is selling a 20% stake in its US wealth management unit to
2023-05-11 21:52
Dimon ‘So Sad’ Over JPMorgan’s Epstein Ties Ahead of Deposition
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he regretted his bank’s ties to Jeffrey Epstein
2023-05-11 21:27
US jobless claims filings highest since 2021, but job market remains healthy
The number of Americans filing for jobless claims last week rose to its highest level in four months, though the labor market remains healthy by historical standards
2023-05-11 20:49
Turkish presidential candidate withdraws in boost to Erdogan's main challenger
A candidate in Turkey's presidential election has withdrawn from the race, a move that is likely to bolster President Recep Tayyip Erdogan’s main challenger
2023-05-11 20:47
Disney shares fall on jitters over streaming subscriber losses
Walt Disney Co shares fell 5% on Thursday as a surprise drop in streaming subscribers fanned worries that
2023-05-11 20:18
UK gives cruise missiles to Ukraine; Kyiv delays counteroffensive as it waits for more weapons
The British government has announced it is giving long-range cruise missiles to Ukraine to help drive out Russia’s occupying forces
2023-05-11 20:15
UK sending Ukraine long-range cruise missiles
British Defense Secretary Ben Wallace says the U.K. is sending Ukraine long-range cruise missiles to help push back Russian forces
2023-05-11 19:48
PacWest Deposits Dropped 9.5% After Report of Investor Talks
PacWest Bancorp said deposits fell 9.5% last week after a news report that the lender was in talks
2023-05-11 19:46