First Foundation plunges as 'unexpected' fundraise puts real estate loans in focus. (Reuters) -First Foundation shares slumped 30% in premarket trading on Wednesday after the Texas-based lender with a huge portfolio of multifamily real estate loans disclosed a $228...
BofA: Clients sold $3.1 billion of US equities last week; tech inflows continue. Bank of America Securities said that last week its clients were net sellers of US equities for the second consecutive week, with outflows totaling $3.1 billion.Excluding untagged flows,...
Polestar posts loss, plans steps to offset tariffs on China-made EVs. STOCKHOLM (Reuters) – Electric vehicle (EV) maker Polestar (NASDAQ: PSNY) said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it...
Despite discounting in China, iPhones lost share in May, US weak: UBS. Despite heavy discounting during China’s “618” shopping festival, UBS analysts warned that Apple (NASDAQ: AAPL) iPhone sales continue to struggle.“iPhone...
