Silicon Valley Bank Us Banking Sector Outlook Downgraded But Regional Bank Shares Surge – As It Happened
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Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
Safra private bank assembles new dealmaking team for ultra-rich clients
J Safra Sarasin taps BoA and Goldman Sachs as it looks to expand into advising on M&A and equity capital raisesFinancial Times - Business -
Right-wing Israelis block aid to Gaza coming from the West Bank
Yahoo News - World - Israel -
GameStop shares surge for a second day
GameStop shares rallied in premarket trade for a second day on Tuesday, extending gains when the investor most linked to the company’s 2021 explosion had a social-media post for the first time in three years.MarketWatch - Business -
GameStop shares surge 130% in premarket as meme stock craze returns
Shares of GameStop and AMC jumped on Tuesday, on track to extend gains as a pandemic-era meme stock frenzy returned.CNBC - Business -
Pakistan, US discuss how to tackle the regional security threat posed by IS group and local Taliban
Pakistan's Foreign Ministry says Pakistani and U.S. officials have held their latest talks in Washington on how to expand cooperation in tackling the threat posed to regional security by an affiliate of the Islamic State group and the Pakistani ...ABC News - World -
Russia-Ukraine war live: Blinken says US arms will make real difference as Russia claims advances in northern Kharkiv region
Mission to Kyiv by US secretary of state comes after Congress approved long-delayed $60bn aid package; Russia claims to have captured Buhruvatka. Zelenskiy calls for more air defences as Blinken arrives in KyivPutin to visit China May 16-17. The ...The Guardian - World - Russia -
Why are GameStop shares on the rise again?
The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to ...CBS News - Top stories -
Inflation’s rental risks
The US and UK need to see a moderation in the price of home leasesFinancial Times - World -
GameStop's Latest Surge Is Nothing Like It's Pandemic Rally
The return of Roaring Kitty has supercharged speculation around the pandemic meme-stock darling.Inc. - Business -
Voter turnout in India’s election has been low, but it’s surging in Kashmir
Voters in the Indian Kashmir city of Srinagar turned out in large numbers in the first elections since the Himalayan region’s semi-autonomy was removed in 2019.NBC News - Top stories -
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth
The world’s largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.The Wall Street Journal - World -
Japan's Sony reports surge in profit on strong sales of movies, games and music
Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and moviesABC News - Entertainment -
Hundreds of Syrian refugees head home as anti-refugee sentiment surges in Lebanon
More than 300 Syrians refugees are heading back home from northeastern Lebanon to an uncertain future in Syria as anti-refugee sentiment is surging in crisis-hit LebanonABC News - World -
Wholesale inflation surges again, PPI shows, leaving Inflation still sticky
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.MarketWatch - Business - Inflation -
Delivery Hero shares rally on deal to sell Taiwan business, and a stake, to Uber
Delivery Hero shares rallied Tuesday as the German-listed food delivery company agreed to sell its Taiwan business, and a minority stake, to Uber Technologies.MarketWatch - Business -
GameStop, AMC Shares Soar as Meme-Stock Comeback Continues
Both stocks added about 40% premarket and were among the most heavily traded shares in off-hours action.The Wall Street Journal - World -
GameStop and AMC Shares Soar as Meme Stock Revival Continues
A heady market rally extended to a second day after Keith Gill, the trader known as Roaring Kitty who rallied small investors to buy out-of-favor stocks in the pandemic, returned to social media.The New York Times - Business -
GameStop stock surges over 70%—but investors should still be wary of 'meme stocks'
Roaring Kitty returns to social media, GameStop's stock surges and short sellers lost over $1 billion. However, investors should be wary of chasing meme stocks.CNBC - Business -
Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021
The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnightABC News - Tech