PacWest Bankcorp led a relief rally in regional banks Monday, after the struggling lender slashed dividend to build capital amid the banking crisis.
UBS upgrades this pool equipment stock ahead of a potential demand rebound
UBS says Pentair shares could rally more than 24% as demand in the pool sector is expected to rebound later this year.
Coinbase CEO says SEC is on ‘lone crusade,’ dials back on suggestion exchange may relocate
Brian Armstrong, Coinbase’s CEO, said the SEC is on “a lone crusade” with Chair Gary Gensler taking a “more anti-crypto view.”
Oil’s sharp slide has surprised markets. But some traders now see a bottom for prices
The recent whipsaw of oil prices are bottoming out, analysts forecast, with a more significant pickup in subsequent quarters in the cards.
JPMorgan says this airline stock can more than double as demand for international travel grows
JPMorgan said this upgrade reflects a long-term shift in which “the Big 3” airlines have seized the high ground from the “discounters.”
Biden plans to bolster U.S. airline consumer protections
President Joe Biden will announce on Monday new rules requiring airlines to compensate passengers for significant flight delays or cancellations.
Russia launches fresh wave of strikes on Ukrainian cities; Wagner boss ditches threat to leave Bakhmut
The new wave of Russian attacks on Ukraine come just one day ahead of Moscow’s planned Victory Day celebrations on Tuesday.
Binance lifts block on bitcoin withdrawals amid heavy volumes
Binance temporarily shut bitcoin withdrawals late Sunday and early Monday, blaming a glut of pending transactions as it didn’t offer miners high enough rewards.
‘A very problematic market’: As Arm shuns London, tech investors question UK as an IPO destination
British chip designer Arm recently decided to list in New York, leading to worries that London will miss out on more blockbuster tech IPOs.
‘Secondary humanitarian crisis’ expected in Sudan as refugees pour into neighboring countries
The International Rescue Committee anticipates “a secondary humanitarian crisis” as refugees pour into neighboring countries escaping the escalating conflict in Sudan.