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First Citizens Bank to assume deposits, loans of Silicon Valley Bridge Bank from FDIC
Finances

First Citizens Bank to assume deposits, loans of Silicon Valley Bridge Bank from FDIC

The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association,

Business

ANALYSIS-Iraq’s ambition to match Saudi oil output is out of reach

By Rowena Edwards, Maha El Dahan and Ahmed Rasheed LONDON, March 27 (Reuters) – Iraq’s oil output and capacity may peak following growth of around

Freeport-McMoRan (FCX) Declares $0.08 Dividend
Stock Market

Are iPhone Component Stocks A Buy As Apple Plans Big New Unveils This Year?

Our Theme of Apple Component Supplier Stocks, which includes a diverse set of companies that supply components for Apple’s iconic iDevices, has fared relatively well this

First Citizens said to be near deal for Silicon Valley Bank -Bloomberg News By Reuters
Finances

First Citizens agrees to buy Silicon Valley Bank By Reuters

© Reuters. FILE PHOTO: First Citizens BancShares logo is seen in this illustration taken March 19, 2023. REUTERS/Dado Ruvic/Illustration (Reuters) -First Citizens BancShares Inc said

Robinhood enters into credit agreement for $2.175 billion
Finances

Robinhood enters into credit agreement for $2.175 billion

On March 24, 2023, Robinhood Securities, LLC (RHS), a subsidiary of Robinhood Markets, Inc., entered into the Second Amended and Restated Credit Agreement among RHS,

Business

UK's competition watchdog to look into EDF-General Electric deal

UK’s anti-trust regulator said on Monday it was looking into whether the anticipated acquisition by Électricité de France SA of the nuclear steam power business

Alibaba founder Jack Ma returns to China, ending year-long sojourn abroad -SCMP By Reuters
Stock Market

Alibaba founder Jack Ma returns to China, ending year-long sojourn abroad -SCMP By Reuters

© Reuters. FILE PHOTO: Jack Ma, billionaire founder of Alibaba Group, arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. REUTERS/Charles

Finances

China’s Baidu scraps public launch for ChatGPT-like product By Reuters

© Reuters. FILE PHOTO: Baidu’s co-founder and Chief Executive Officer (CEO) Robin Li showcases artificial intelligence powered chatbot known as Ernie Bot by Baidu, during

Freeport-McMoRan (FCX) Declares $0.08 Dividend
Stock Market

Should You Buy Estee Lauder Stock After A 36% Decline Since 2021?

Despite a 4% fall year-to-date, at the current levels, Estee Lauder stock (NYSE: EL) looks appropriately priced, in our view. EL stock fell from $254

EBS UK MTF, NEX SEF to launch Bitcoin/US Dollar NDFs on CME Globex
Finances

Edgehog to disgorge profits of $152k for violations of CBOT rules

International derivatives marketplace CME Group has posted a notice of disciplinary action as to Edgehog LLC. Pursuant to an offer of settlement in which Edgehog