Analysis: Overexposed US regional banks could sell commercial property loans
Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for
US exchanges to bust erroneous CDW Corp trades after shares briefly dive 96%
The New York Stock Exchange and the Nasdaq said on Thursday they would cancel erroneous trades in the shares of IT solutions provider CDW Corp, which briefly
Analysis: GM’s 2025 EV output could be crimped by battery bottleneck
General Motors has said it will have the capacity to build 1 million electric vehicles in North America by 2025, but a slow ramp-up of its
Brokerage Charles Schwab joins corporate debt rush with $2.5 billion offering
Charles Schwab Corp is looking to raise up to $2.5 billion through a debt offering, the brokerage said on Thursday as more companies aim to benefit
Billionaire real estate investor Sam Zell dies at 81
Billionaire real estate investor Sam Zell has died at the age of 81 due to complications from a recent illness, according to statements from the
Not enough resources for EVs to be only cleaner car option, Toyota says
A lack of resources means battery electric vehicles (BEV) cannot be the auto sector’s only answer to climate change, Toyota Motor Corp’s top scientist said
India launches $2 bln incentive package to boost IT hardware production
India on Wednesday unveiled an expanded incentive scheme to attract big-ticket investments in IT hardware manufacturing, doubling the amount to $2 billion as it aims
AI threatens humanity’s future, 61% of Americans say: Reuters/Ipsos poll
The swift growth of artificial intelligence technology could put the future of humanity at risk, according to most Americans surveyed in a Reuters/Ipsos poll published
Blackstone, Thomson Reuters consortium sells $3.4 bln LSEG shares at discount
An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion),
Ex-First Republic CEO blames contagion for bank’s collapse
The former chief executive of the First Republic Bank Michael Roffler blamed the bank’s collapse on the contagion from the failures of other regional banks
