Business
Business
Stellantis Weighs Deals With China Carmakers to Shore Up Europe
Stellantis NV is exploring deals with Chinese carmakers through which they would invest in the Fiat owner’s struggling European operations, as the company focuses its own investments on the Americas, according to people familiar with the matter.
Business
Traders Are No Longer Fully Pricing In a Fed Rate Cut This Year
Bond traders have ceased to fully price in even one quarter-point interest rate cut by the Federal Reserve this year as rising oil prices stoke inflation expectations.
Business
Franklin Templeton Adds ‘Modest’ Private Credit Bets to 401(k)s
Franklin Templeton is adding “modest allocations” of private credit to a series of target-date 401(k) plans, as the broader $1.8 trillion market for the asset class faces questions about its suitability for individual investors.
Business
Morgan Stanley, Asset Manager Shares Fall After Redemption Caps
Shares of Morgan Stanley led losses among major US banks on Thursday, falling in tandem with stocks of top asset managers, after the lender limited withdrawals from one of its private credit funds.
Business
Exchange CEOs Urge Review of Easy Listings in Prediction Markets
The heads of Chicago’s largest exchanges are calling for a review of the process that has allowed prediction market platforms to grow quickly by listing financial contracts without explicit regulatory approval.
Business
Schwab CEO Says Markets-Savvy Gen Z Joins Dip-Buying Frenzy
It’s a new generation of investors that keep showing up to buy US equities at every pullback, according to Rick Wurster, chief executive officer of Charles Schwab Corp.
Business
Brazil Inflation Comes In Just Above Forecast Before Bank Meets
Brazil’s annual inflation eased slightly less than expected in February, days before the central bank is expected to kick off monetary easing.
Business
Oil Diverges From Emerging-Market Currencies by Most on Record
The Iran war has not just broken a decades-long relationship between crude oil and emerging-market currencies, it has pushed it into reverse, with their correlation turning the most negative in at least 27 years.
Business
Mideast Shipping Crisis Widens With More Tankers Hit in Gulf
Iran launched a fresh wave of attacks on shipping in the Persian Gulf, briefly pushing crude back above $100 a barrel and intensifying what the world’s energy watchdog called the biggest oil market disruption in history.
Business
US Stock Futures Drop With Oil Near $100 as Iran War Escalates
US stock futures slumped before Thursday’s bell as conflict in the Middle East intensified, pushing oil prices close to $100 a barrel.
Business
Lloyds, Bank of Scotland and Halifax apps showing customers other users' transactions
The Lloyds Banking Group customers reported being able to view payments and charges from other sources.
Business
Lloyds, Bank of Scotland and Halifax apps showing customers other users' transactions
The Lloyds Banking Group customers reported being able to view payments and charges from other sources.