While prominent gurus in the financial world have declared the end of the regional banking crises after the failure for four large regional banks, depositors and shareholders of those banks don’t necessarily agree.As baseball Hall of Famer Yogi Berra once said, it ain’t over until it’s over. And the banking…
Treasury yields finished mostly lower on Thursday, led by a decline in the 2-month rate, as traders weighed debt-ceiling concerns against signs of moderating inflation.What happened The 2-month T-bill rate was 4.539% as of 3 p.m. Eastern time, down 43.4 basis points from Wednesday’s close of 4.973%, according to Tradeweb.…
An experimental skin patch may soon allow increased protection for toddlers who are allergic to peanut, according to a new study in the New England Journal of Medicine. The patch, named Viaskin, is coated with a small amount of peanut protein that is absorbed into the skin and would offer some…
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Twitter Chief Executive Elon Musk says he’s found a new CEO to run Twitter and its parent company, X Corp., and “she” starts soon. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk tweeted Thursday afternoon. “My role will transition to being exec…
It’s the biggest and strangest live-music event on the planet, and the odds are pointing to Sweden as the hot favorite to win Eurovision Song Contest on Saturday, after Åkersberga-native 2012 victor Loreen cruised to the finals with the love ballad “Tattoo.” That may help put history on the side…
Shares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments for the maker of connected exercise equipment. The stock PTON, -8.90% closed off 8.9% in afternoon trading to finish the session at $6.86, below its prior…
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U.S. stocks closed mostly lower on Thursday, with the Dow Jones Industrial Average leading the way down as disappointing earnings from Disney weighed on the blue-chip gauge, while investors grappled with another selloff in shares of regional banks and the threat of a U.S. debt default. How are stocks trading…
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto investors have recently witnessed the meteoric rise of another meme coin. Three weeks after it was launched, Pepe coin, a token in reference to the internet meme Pepe the Frog, saw its market capitalization rise to as…