Political News Archives - Page 7 of 12

PacWest Bancorp said on Monday it was selling a $3.54 billion lender finance loan portfolio to Ares Management (NYSE:ARES), in an attempt to boost liquidity at the U.S. regional lender, sending its shares up 7% in premarket trading. A relentless rate hike campaign by...

Dow futures lower; Fed speakers in focus

Political News

U.S. stock futures weakened Friday, with Wall Street on course to post a losing week with sentiment hit by the potential for further monetary tightening later in the year. By 07:55 ET (11:55 GMT), the Dow futures contract was down 105 points, or 0.3%, S&P 500...

Tesla loses one of its biggest Street bulls as Morgan Stanley cuts rating

Political News

Morgan Stanley analysts downgraded Tesla (NASDAQ:TSLA) shares to Equal Weight from Overweight, sending shares almost 4% lower in premarket Thursday. They raised the price target to $250 per share from the prior $200, with the new target suggesting a modest downside to...

U.S. jobless claims hold steady at 20-month high, current account gap widens

Political News

The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor market in the face of the Federal...

Intel sells a 20% stake in IMS Nanofabrication to Bain Capital

Political News

Intel (NASDAQ:INTC) said it has agreed to sell a roughly 20% stake in its IMS Nanofabrication GmbH business to Bain Capital Special Situations. The deal values the Austria-based IMS business at about $4.3 billion. Intel expects the deal will be closed in the third...