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.
1970-01-01 08:00
Indian government's e-commerce network ONDC expands into 236 cities, CEO says
By Manoj Kumar NEW DELHI The Indian government's open e-commerce network ONDC has expanded its operations into 236
1970-01-01 08:00
GM Envolve takes direct aim at Ford's fleet business
With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.'s lucrative fleet business. GM Envolve will work closely with large business and government fleet customers to tie them more closely to GM's other businesses.
1970-01-01 08:00
Czechs announce major pension, tax reform to rein in debt
The Czech government presented an extensive tax and pension reform on Thursday designed to curb soaring public debt due to the Covid pandemic...
1970-01-01 08:00
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
1970-01-01 08:00
White House wants to ban use of salary history in setting pay for new federal hires
Whether one's paycheck can keep pace with inflation is always a concern. But for women, the question is also can their pay keep pace with their male peers?
1970-01-01 08:00
Labor unions ask UN body to probe Starbucks' use of legal loopholes
By Hilary Russ NEW YORK Labor unions on Thursday asked a United Nations agency to investigate whether gaps
1970-01-01 08:00
JD’s CEO Exits After a Year at the Helm as Growth Dwindles
JD.com Inc.’s chief executive officer is departing after about a year at the post, a surprise move that
1970-01-01 08:00
Hot employment market shows signs of cooling
The hot jobs market has been defying a weakening economy and confounding the Federal Reserve for months, but now shows signs of cooling
1970-01-01 08:00
Volvo Cars delays EX90 production start
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software
1970-01-01 08:00
Jerome Powell is losing America's confidence
Americans are losing faith in Federal Reserve Chair Jerome Powell. That's bad news.
1970-01-01 08:00
BoE's Bailey: We have to stay the course to get inflation down
LONDON The Bank of England must stay the course to ensure the level of inflation falls back to
1970-01-01 08:00