PacWest Bancorp (NASDAQ: PACW) shares fell more than 55 percent in after-hours trading on Wednesday following news that company executives were considering a potential sale. Bloomberg reported, citing anonymous sources, that the regional bank, which has been weakened by the failure of three California-based lenders, has been contemplating a number of strategic alternatives, including a…
PacWest Shares Fall More Than 55 Percent in After-Hours Trading As It Seeks Rescue
Senate Votes to Undo Freeze on Chinese Solar Tariffs, Setting Up Showdown with Biden
May 3, 2023
admin
bidenBusiness & MarketsChinacommercecongressDemocratseconomyExecutive BranchPoliticsRepublicansSOLARtarifftechnologyUSUS News
0 Comment
The Senate narrowly advanced a joint resolution reversing the Biden administration’s emergency shield against tariffs for some Chinese-made solar panels. Now the ball’s in President Joe Biden’s court. The White House has said he will veto the joint resolution, warning the measure would “create deep uncertainty for jobs and investments in the solar supply chain…
Closing Prices for Crude Oil, Gold and Other Commodities (May 3)
May 3, 2023
admin
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment
Benchmark U.S. crude oil for June delivery fell $3.06 to $68.60 a barrel Wednesday. Brent crude for July delivery fell $2.99 to $72.33 a barrel. Wholesale gasoline for June delivery fell 11 cents $2.32 a gallon. June heating oil fell 6 cents $2.23 a gallon. June natural gas fell 4 cents to $2.17 per 1,000…
Twitter Excludes Government and Public Services Agencies From API Charges
Government organizations and publicly owned services will not be required to make payments to access Twitter’s Application Programming Interface (API), the social media network said in a recent announcement. Twitter’s API access will allow public service firms to send automated alerts. “One of the most important use cases for the Twitter API has always been…
British Regulator Easing Rules to Stem Company Outflow From UK Stock Markets
May 3, 2023
admin
Business & MarketsCompanieseconomic policieseconomyFinancial Conduct Authorityfinancial regulationsInvestmentLondon Stock ExchangeMarketsstockstech firmsUKWorld
0 Comment
Britain’s top financial regulator announced plans to make stock markets in the United Kingdom and its overseas territories more attractive to companies. The Financial Conduct Authority (FCA) has discussed simplifying financial regulations to make the United Kingdom “more competitive” with foreign stock markets, but there are some concerns that the proposals could hurt shareholders’ rights….
Florida Defines ‘Money,’ Passes Bill to Ban a Central Bank Digital Currency
May 3, 2023
admin
Business & MarketsCentral Bank Digital Currency (CBDC)cryptocurrencydesantisFloridaMarketsPolicies & ImpactsRegional & State NewsState NewsUSUS News
0 Comment
Florida’s House of Representatives passed a bill that seeks to ban the use of a central bank digital currency (CBDC) in the state, which is in line with Republican governor Ron DeSantis’s stance on the matter. The bill SB 7054 (pdf) defines the term “central bank digital currency” and revises the term “money” to make…
‘Fox Leaks’ Videos Target Tucker Carlson Following Exit From Network
In the wake of Tucker Carlson’s exit from Fox News, a left-wing organization appears to have obtained behind-the-scenes footage of Carlson and is leaking them online. For the past several days, Media Matters for America has posted what it calls “FOXLEAKS,” showing videos of the Fox News host speaking about a range of subjects. “NEW…
China’s Crackdown on Foreign Firms Is Retaliation Against the West: Former US Intel Official
May 3, 2023
admin
Business & MarketsCCPChinaCompaniesespionageMintz GroupThreat from Communist ChinaUS-China relations
0 Comment
As reports emerge that China is ramping up its official scrutiny of foreign firms operating in the country, it can be a retaliatory move against foreign entities to allegations of Chinese espionage abroad, according to former senior intelligence official and author Nicholas Eftimiades. On April 26, the communist regime passed its newly revised anti-espionage law,…
ANALYSIS: Will Commercial Real Estate Be the Next Market to Crash?
News Analysis A storm is brewing in the U.S. commercial real estate market, says Charles Munger, vice chair of Berkshire Hathaway. During an interview, the 99-year-old legendary investor told the Financial Times that U.S. banks have plenty of “bad loans” and will be vulnerable when the “bad times come” and commercial property prices crater. “It’s…
Federal Reserve Raises Interest Rates by 25 Basis Points, Opens Door to Pause
The Federal Reserve raised interest rates by 25 basis points, lifting the benchmark federal funds rate to a range of 5.00 and 5.25 percent, the highest level since September 2007. The vote to raise rates by a quarter point was unanimous, according to a statement from the Federal Open Market Committee (FOMC). Markets had mostly…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta