PacWest shares are down about 72% this year as regional banks come under more strain.
Stocks making the biggest moves after hours: PacWest, SolarEdge, Etsy, Qualcomm and more
These are the stocks posting the largest moves in extended trading.
House China committee targets top clothing brands in forced labor inquiry
Lawmakers asked retailers Temu, Shein, Nike and Adidas about the use of materials and labor sourced from the Xinjiang Uyghur Autonomous region of China.
Billionaire Stephen Deckoff buys Jeffrey Epstein’s private islands
Jeffrey Epstein used his private retreat in the U.S. Virgin Islands to sexually abuse multiple women. A billionaire plans a new luxury resort there.
Eli Lilly stock hits new high after successful drug study. Here’s how the pros are playing it
Pros on CNBC discuss Eli Lilly after it hit an all-time high on positive drug study results.
Regional banking crisis won’t end unless the Fed cuts interest rates, Jeffrey Gundlach says
DoubleLine Capital chief says the Fed needs to cut interest rates to properly address the regional banking crisis, and that future hikes are unlikely.
White House details ‘severe damage’ to the economy if debt ceiling default occurs
The Council of Economic Advisers says a “protracted” default would cost 8 million jobs and cut the stock market in half, and warns that “brinksmanship” comes with costs, too
Qualcomm gives light forecast, phone chip sales fall 17%
Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.
What is an UltraFICO Score and how does it work?
UltraFICO Score is a new type of credit scoring model that factors your banking activity into your credit score. Here’s what you need to know about it.
Online banks sweeten CD rates as institutions compete for deposits
CD rates are looking attractive at online banks. Bread and Capital One recently boosted yields on their products.