Article content WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of […]
Article content (Bloomberg) — Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude. Brent rose above $89 a barrel and is up more than 2% for the week, while West Texas […]
Breadcrumb Trail Links PMN Business Price growth in Tokyo decelerated sharply to a pace below 2% in April, in an outcome largely distorted by the start of education subsidies, as the Bank of Japan gathers to decide policy. Author of the article: Bloomberg News Erica Yokoyama and Yoshiaki Nohara Published Apr 25, 2024 • Last […]
Article content NEW YORK (AP) — The former Instagram influencer known as ” Jay Mazini ” who swindled millions of dollars from online followers and a network of Muslims during the pandemic was sentenced to seven years in prison on Wednesday, prosecutors said. Jebara Igbara, 28, of New Jersey, had pleaded guilty to fraud charges, […]
Article content HARTFORD (AP) — The Connecticut Senate pressed ahead Wednesday with one of the first major legislative proposals in the U.S. to rein in bias in artificial intelligence decision-making and protect people from harm, including manufactured videos or deepfakes. The vote was held despite concerns the bill might stifle innovation, become a burden for […]
Article content (Bloomberg) — Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its guidance after disruptions at its Western Australian mines. The company exported 43.3 million tons in its third quarter, down 6% from the year before, due to […]
Article content (Bloomberg) — Solar equipment giant Enphase Energy Inc. sees the sluggish US rooftop market rebounding this year even as the company forecast disappointing sales for the second quarter. Enphase shares dipped 5.5% in post-market trading after the company reported first-quarter results that missed analyst expectations as US revenue fell 34% compared to the […]
Breadcrumb Trail Links PMN Business Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week. But don’t expect the president to fully use his new powers any time soon. Author of the article: Bloomberg News Ari Natter and Jennifer A. Dlouhy Published […]
Breadcrumb Trail Links PMN Business Canada is on the verge of an agreement with Honda Motor Co. that would see the Japanese firm build electric vehicles and their components in the province of Ontario, according to people familiar with the matter. Author of the article: Bloomberg News Brian Platt Published Apr 21, 2024 • 4 […]
Article content (Bloomberg) — South Korea’s exports have made a brisk start to the second quarter based on early trade figures for April, brightening the outlook for economic growth. The value of shipments increased 11.1% from a year earlier in the first 20 days of April, according to data released Monday by the customs office. […]