Business
China economy: Purchasing managers’ indexes down in April
China’s economic recovery remains patchy, with latest indicators pointing to a contraction in manufacturing, while consumers splurge over the holidays...
Deadline for banks to submit First Republic bids passes as FDIC rushes to fix crisis—and avoid receivership
US regulators were rushing to resolve the First Republic Bank crisis Sunday after a midday deadline passed for submitting final...
The housing market is shifting—just look at earnings published by 2 giant Fortune 500 homebuilders
“Federal Reserve actions to fight inflation through higher interest rates continued to impact homebuying demand in the quarter,” PulteGroup told...
Powell faces Fed dissent amid recession fears
Chair Jerome Powell has achieved a near-perfect consensus as the Federal Reserve raised interest rates aggressively. Now, with the hiking...
If U.S. defaults on debt Bitcoin could rise nearly 70%, says Standard Chartered analyst
Bitcoin bulls have had a good year so far. If the U.S. defaults on its debt, it could get even...
Global elite heads to Milken conference in California
Michael Milken wants to teach people about the harsh realities of an unforgiving world — balanced with some doses of...
New York City orders 4 parking garages to close
After the deadly collapse of a parking structure in lower Manhattan, New York City building officials swept through dozens of...
FDIC asks JPMorgan Chase, others to submit final bids for First Republic Bank, whose shares are down 97% this year
The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., US Bancorp...
Hong Kong, with crypto hub ambitions, urges lenders to support virtual-asset firms with ‘their legitimate need for bank accounts’
Hong Kong urged banks to provide services to licensed virtual-asset firms, part of the city’s push to become a crypto...
Elon Musk not ‘singular solution’ for Twitter after all, says Jack Dorsey in reversal of earlier support
Jack Dorsey gave Elon Musk the benefit of the doubt when the Tesla CEO took over Twitter last year for...
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