Pimco Warns of More US Regional Bank Failures on Property Pain
Pimco expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real estate loans on their books.
Recent
Launch of New National Stock Exchange Based in Texas
A consortium backed by BlackRock and Citadel Securities is preparing to launch the Texas Stock Exchange (TXSE), a new national stock exchange.
SEC Options Probe Reports Rock GameStop Stock After Roaring Kitty Returns
Reports suggest the SEC is looking into options trades tied to GameStop and a noted investor revealed a new bet against the surging meme stock.
Elon Musk Accused of Selling $7.5 Billion of Tesla Stock Before It Plunged
Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low.
Bill Ackman’s Pershing Square Sells 10% Stake for $1.05 Billion
Hedge-fund manager Bill Ackman sold a 10% stake in Pershing Square ahead of a planned initial public offering.
Google Scales Back AI Responses In Search Results
Google has recently scaled back the implementation of AI-generated responses in search results, following the emergence of notable errors.
Bank of America CEO Expects 10% To 15% Jump In Investment Banking Fees In Q2
Bank of America's investment banking fees are expected to rise 10% to 15% in the second quarter from a year earlier, after a two year industry slump.
