PacWest to be sold to Banc of California in latest rescue deal
PacWest Bancorp is being bought by smaller rival Banc of California as it seeks to navigate a bout of upheaval...
Truckers eye combustion engine future by burning hydrogen
Daimler Truck Holding AG is pushing a fringe technology as an alternative to batteries and fuel cells in the shift to zero-emission...
Orders for US business equipment increase for second month
Orders placed with US factories for business equipment rose in May for a second month, indicating companies continue to make...
Fed pauses rate hikes but signals more tightening to come
Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening to...
US inflation report signals fed rate pause will become a full stop
US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The...
Two key gauges of US economic activity diverged in first quarter
The government’s two main measures of US economic activity diverged in the first quarter, with one gauge painting a picture...
Regional bank shares plunge on fear of more rescues to come
PacWest Bancorp and Western Alliance Bancorp led a deep selloff in regional lenders Tuesday, as renewed fears over the health of...
Orders for US business equipment decline by more than forecast
Orders placed with US factories for business equipment fell in March by more than expected, suggesting higher borrowing costs and...
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