PacWest shares slip as debt ceiling concerns overshadow asset sale optimism
(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending…
Citigroup scraps Mexico unit sale, will pursue IPO instead
By Tatiana Bautzer, Saeed Azhar and Isabel Woodford NEW YORK/LONDON (Reuters) – Citigroup Inc scrapped a $7-billion sale of its…
U.S. silicon photonics chip startup Ayar Labs gets AI funding boost
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its…
Oil rises as US gasoline supplies tighten, Saudi says: ‘watch out’
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning…
Apple inks multi-billion-dollar deal with Broadcom for U.S.-made chips
By Stephen Nellis (Reuters) -Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to…
PacWest shares extend gains on $2.6 billion real estate loan sale
By Niket Nishant (Reuters) -PacWest Bancorp’s shares rose nearly 13%, extending gains from the previous session driven mostly by news…
Treasury confirms U.S. default as early as June 1 without debt ceiling hike
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department reiterated Monday it expects to be able…
The Titans of Gold Investment: Exploring the Largest Gold ETFs
Investors seeking exposure to the captivating world of gold often turn to exchange-traded funds (ETFs) as a convenient and cost-effective…
BlackRock moves from ‘overweight’ to ‘neutral’ on credit
(Reuters) – BlackRock Investment Institute on Monday said it was moving from “overweight” to “neutral” on credit, saying yields are…
Take Five: More drama on the horizon
LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the…