Signature Bank Says Its Financial Position Is Strong But Stock Falls Anyway
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Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
Jobless claims fall slightly to 210,000, underscoring strong labor market
The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.MarketWatch - Business -
Nikkei Rises 0.5%, Led by Machinery, Real-Estate Stocks
Japanese stocks ended higher, led by machinery and real-estate stocks, after signs of U.S. economic strength and selloffs related to the ex-dividend date on Thursday.The Wall Street Journal - World -
Chelsea could face a crippling financial position: New analysis shows without major sales, PSR penalties loom
Forget buying new players, Chelsea's position means to avoid Premier League penalties, they likely need to sellCBS Sports - Sports -
Novocure’s stock surges after positive results in brain-cancer trial
Novocure Ltd.’s stock soared 15% Wednesday after the company announced positive results from a late-stage trial of a medtech device to treat patients with lung cancer that has spread to their brains.MarketWatch - Business -
Tomlin says Wilson in 'pole position' to be QB1
Steelers coach Mike Tomlin said Russell Wilson will have the "pole position" for the team's starting quarterback job, but Justin Fields will "have the opportunity to compete" when the time is right.ESPN - Sports - NFL -
Another CEO is leaving Discover. The company says he wasn’t expected to be there very long anyway.
Michael Rhodes, who is taking the CEO job at Ally Financial, was “not expected to have a long-term role” as Discover’s tie-up with Capital One looms.MarketWatch - Business -
The maker of Tommy Bahama says shoppers are still hesitant. It’s investing in new stores anyway.
Shares of Oxford Industries Inc. fell after hours on Thursday after the maker of Tommy Bahama and Lilly Pulitzer clothing warned that its investments in expansion and consumer hesitation would weigh on profits in the months ahead.MarketWatch - Business -
Reddit Stock Surges on Its First Day of Trading
The home of memestocks is now publicly traded on the New York Stock Exchange as RDDT, in the first major social media IPO in five years.Wired - Tech -
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.MarketWatch - Business -
Coinbase’s stock falls after request to dismiss the SEC’s suit was denied
Coinbase’s stock fell Wednesday, after the cryptocurrency exchange said its request to dismiss the U.S. Securities and Exchange Commission’s lawsuit was denied by federal court.MarketWatch - Business -
AMC shares fall 14% after movie-theater chain announces $250 million stock sale
Shares of AMC Entertainment Holdings Inc. fell 14.3% in Thursday’s session after the movie-theater chain and original meme stock filed to sell up to $250 million of stock.MarketWatch - Business -
China's economy is on track for 'strong' March performance, survey says
China's economy is ending the first quarter on a "strong" note, according to a business survey published by the China Beige Book on Thursday.CNBC - Business - China -
These 5 portfolio stocks outran the market in Wall Street's strong week. Here's what fueled their gains
The Club's two chipmakers and its lone automaker were among the top-performing portfolio stocks this week.CNBC - Business -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
Trump scores two financial victories with appeals-bond ruling and Wall Street stock listing
A bond decision lifts immediate financial pressure off the former president while a Nasdaq listing windfall moves closer to fruition — but trouble still looms as a first criminal-trial date is set.MarketWatch - Business - Donald Trump -
Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.
Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.MarketWatch - Business -
AI-powered fraudsters are overwhelming bank defenses, Treasury report says
U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury ...MarketWatch - Business -
DraftKings is showing this ‘powerful sign’ that could help boost its stock 20%
DraftKings’ stock has been a big recent winner, rising nearly 170% over the past 12 months. But there’s still room to run, according to a new bull.MarketWatch - Business -
Truth Social’s stock rally has made Trump billions, and many others millions
Trump Media & Technology Group’s stock soared Tuesday, as investors rushed to buy the stock with the new ticker symbol that bears the initials of the former president.MarketWatch - Business - Donald Trump -
Wells Fargo’s rally sparks KBW downgrade after it outpaces other bank stocks
Investors have been bidding up the stock partly on speculation that its asset cap imposed by the Federal Reserve may be lifted in the next year or so.MarketWatch - Business -
Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost
New analysis from HSBC says that Bank of America’s stock is reaching its target price — but there are still buying opportunities in other banking sectors.MarketWatch - Business -
China's property crisis is bleeding into its banking sector, which is being asked to prop up developers
Yahoo News - World - China -
Fisker said its negotiations for a tie-up with a large automaker have broken down, heightening concerns about the EV startup's financial situation.
Fisker said its negotiations for a tie-up with a large automaker have broken down, heightening concerns about the EV startup’s financial situation.The Wall Street Journal - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Steelers' Mike Tomlin says Russell Wilson has 'pole position' for starting QB job
Russell Wilson’s resume and experience give him the edge over Justin FieldsABC News - Sports - NFL -
Logitech launches Signature Slim K950 Wireless Keyboard
Logitech has unveiled its latest wireless keyboard aimed at seamlessly integrating work and personal life at the desk.VentureBeat - Tech -
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.The Wall Street Journal - World -
Canada's Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says
Bank of Canada’s senior deputy governor, Carolyn Rogers, warns that a turnaround is urgently needed to protect the economy from future bouts of inflation.The Wall Street Journal - World -
Ethiopia's biggest bank says it has recouped most of the cash lost during a system glitch
Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during a system glitch that allowed customers to take out more money than they had in their accountsABC News - World -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
How the AI potential of Reddit’s user data has helped send its stock soaring
The social-media website’s stock continues to attract investor interest after its closely watched IPO last week.MarketWatch - Business -
This small-cap stock is expected to take off — if its weight-loss pill trial succeeds
Terns Pharma is due to release data from an early-stage trial of an obesity treatment in pill form in the second half. Positive data would send the stock higher.MarketWatch - Business -
RH’s stock is on pace for its best day in more than three years. Some analysts aren’t buying it.
The home-furnishings company’s fourth-quarter results didn’t “provide resolutions to the key debates” around its future performance, one analyst said.MarketWatch - Business -
Super Micro’s stock stands out by these metrics, JPMorgan says in bullish call
Another analyst has joined the bull camp on shares of Super Micro, which have experienced a roughly 800% surge over the past 12 months.MarketWatch - Business -
Why Netflix’s most bullish analyst says the stock is no longer a ‘best idea’
Netflix is doing well, Wedbush analyst Alicia Reese said. It’s just no longer doing great.MarketWatch - Business -
Ericsson Says U.S.-Imposed Monitor Has OK'd Its Anticorruption Program
The oversight the Swedish telecoms firm has been under since it admitted to bribery in 2019 will likely end by June 2, it says.The Wall Street Journal - World -
RFK Jr.'s ballot signatures could be invalid in Nevada without VP
Robert F. Kennedy Jr. is set to name a vice presidential pick on Tuesday, but it will still have to resubmit its ballot signatures to qualify in Nevada.CBS News - Politics -
Trump’s campaign is bleeding cash. Here’s why he could win anyway.
Trump has some unique political strengths, experts tell MarketWatch. But it’s not clear if it can overcome his dollar deficit.MarketWatch - Business - Donald Trump -
Trump’s Financial Squeeze
How the former president’s legal troubles might affect his campaign.The New York Times - Top stories - Donald Trump