Articles

Banking: PacWest lifts bank stocks as it raises more cash from loan sale

Truist analyst says PacWest's deal to sell its loan portfolio is a sign that other banks could also raise cash to strengthen balance sheets

IPO Report: IPO market readies for six-deal week, with four expected to raise more than $100 million

Six IPOs are expected to price this week, as market shows signs of heating after somewhat of a freeze.

Earnings Results: Carnival’s stock falls further, even as results beat expectations with revenue doubling

Carnival's stock continued to pull back Monday, even after the cruise operator's quarterly results beat expectations and the full-year outlook was raised.

Market Extra: Wall Street’s crystal ball is broken: Why financial markets’ big bet on China’s economic boom is going all wrong

Why China’s economic rebound has disappointed investors.

The Ratings Game: Intel’s potential for ‘massive cash burn’ amid foundry push has this analyst feeling concerned

An analyst remains worried about "the massive capital expenditures required for the expansion of its foundry operations."

What's Worth Streaming: Here’s everything new coming to Netflix in July 2023 — and what’s leaving

Part 2 of 'The Witcher,' the NFL docuseries 'Quarterback' and the John Boyega thriller 'They Cloned Tyrone' highlight the month's new releases

Bond Report: Treasury yields fall to begin week after short-lived Russia mutiny, German data

Treasury yields move lower to kick off the week.

: Fintech promised to revolutionize loans for those left out of the credit system. New research indicates it’s not living up to that promise

Fintech lenders are ‘relying heavily’ on credit scores to determine loan pricing, a recent study found

: Lucid stock soars as Aston Martin to pay $232 million as part of supply pact

Lucid's stock soared Monday after the electric vehicle maker disclosed a long-term supply agreement with U.K.-based Aston Martin.

The Margin: We asked a language model to write career advice based on caterer-turned-coup leader Yevgeny Prigozhin. Here’s what it generated.

Can you learn career advice from Yevgeny Prigozhin? Here's what a language model came up with.

Financial News: HSBC moving out of Canary Wharf into Central London

HSBC is expected to tell staff today that it will downsize and quit its Canary Wharf headquarters where it has held its main UK presence for more than two decades.

: PacWest sells loan portfolio to Ares Management in deal that generates $2 bln ‘to improve liquidity’

Ares adds 'high quality' loans while PacWest stock advances amid effort to refocus its business and generate cash after steep drop in stock price this year.
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