Credit Suisse Group AG and Nomura Holdings Inc. plunged more than 14% after being exposed to ‘significant’ losses, according to Bloomberg. The loss projections follow exposure to wrong-way bets by…
Suez Canal Authority says the giant container ship blocking the Suez Canal was partially refloated on Monday, according to CNBC. The Ever Given ship has been corrected by 80% and…
The family office of former Tiger Management trader Bill Hwang was reportedly responsible for sell-offs of some US stocks on Friday, according to Bloomberg. Archegos Capital Management was forced by…
China and Iran have signed a deal to chart the course of their economic, political, and trade relations over the next 25 years. Under the “Comprehensive Strategic Partnership,” Beijing plans…
Goldman Sachs Group Inc. sold $10.5 billion worth of stocks in block trades on Friday, according to Bloomberg. The sale is part of an extraordinary spree that erased $35 billion…
Britain and the European Union have agreed on a memorandum of understanding on financial services, according to Bloomberg. The memorandum sets out a framework for regulatory cooperation and a joint…
Mercedes-Benz will, on April 15, debut the EQS, a flagship model built on dedicated electric-car underpinnings, according to Bloomberg. The model will boast a market-leading battery range and mark a…
ThredUp Inc. is set to make its market debut on Friday after raising $168 million at a valuation of about $1.3 billion, according to the Wall Street Journal. The company…
U.S personal incomes plunged $1,516.6 billion or 7.1% in February, according to the Bureau of Economic Analysis press release. The decline reflected the continued impacts of COVID-19 pandemic. Disposable personal…
ArcelorMittal seeks partners from the energy sector and funding to curb carbon emissions from steelmaking in its German operations, according to Reuters. The company wants to replace carbon and increase…
Sports-media Athletic is in early-stage merger talks with news startup Axios, according to Wall Street Journal. The talks are part of a plan to build a larger online-publishing company that…
About 11% of all open, unused flight credits are set to expire this year, down from 55% as of January 29, according to Bloomberg. The reduction reflects United and American…