Shares in the European lender fell sharply on Friday after a sell-off in US banks wiped $50bn off their market value. Financial shares retreated more than 3 percent in the Stoxx 600 index, dragging the European benchmark down 1.4 percent.…
Financial regulators have shut down Silicon Valley Bank and taken control of its deposits, announced the Federal Deposit Insurance Corp., in what is the largest US bank failure since the Global Financial Crisis more than a decade ago. The collapse…
As audiences stayed away from theaters during the worst days of the pandemic and the months that followed, theater owners warned that their businesses were at risk. We now have a better idea of the impact of dying. The National…
French financial prosecutors said they had investigated food retail group Casino for financial manipulation and insider trading that allegedly occurred in 2018 and 2019 when the group was locked in a battle with short sellers while struggling under heavy debt.…
Rafael Henrique Sopa Picture | Lightrocket | Getty Images Meta explores a new decentralized text-based social network that could rival Elon Musk’s Twitter. The Tech Platformer newsletter reports that the project, codenamed P92, will be built as a standalone app,…
Disney may license more movies and TV shows to streaming competitors as it becomes less focused on producing original content for its own streaming platforms, CEO Bob Iger said Thursday. Speaking at the Morgan Stanley Technology, Media and Telecommunications Conference…
As I slide out of the Uber that has dropped me off at the little art deco block of flats in Cape Town where Nuruddin Farah lives by himself, and where he is to cook me lunch, I catch a…
United Airlines shares could see big gains, according to Barclays. Analyst Brandon R. Oglenski updates airlines for overweight. He also raised his price target to $80 from $52, representing a 53.5% upside from Thursday’s close. “Focused leadership and an ambitious…
The idea of a four-day work week is gaining traction in economies like the US and UK, as studies report shorter working hours lead to burnout and increase employee retention without harming productivity. But South Korea went in the opposite…
European and Asian equities fell at the open on Friday as worries about the health of banks’ bond portfolios added to investor jitters ahead of the release of key US economic data. The Stoxx 600 in the regions fell 1.6…