Barclays asked by watchdog to review private equity exposure, source says

LONDON (Reuters) – Britain’s Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders’ exposure to the private equity industry. The Bank of England in April said very few banks had a clear idea of […]

Oracle Stock Bustin a Move

Oracle Corp (NYSE:ORCL) shares are trading higher Wednesday on the heels of the company’s quarterly results. The company also announced partnerships with Google, Microsoft and OpenAI. What To Know: Oracle reported fourth-quarter revenue of $14.3 billion, missing the consensus estimate of $14.554 billion, according to Benzinga Pro. Oracle reported fourth-quarter adjusted earnings of $1.63 per share, missing average […]

What’s Going On With Southwest Airlines Stock On Monday?

Southwest Airlines Co (NYSE:LUV) stock is trading higher Monday amid reports that Elliott Investment Management is taking a $2 billion stake in the airline. Initially known for revolutionizing air travel with low fares and focusing on customer service, Southwest Airlines became the top domestic carrier. However, recent challenges have strained its long-standing success, including technology […]

Yelp Can Sue Reputation Company: Finally

By Jonathan Stempel (Reuters) -Yelp can pursue a lawsuit accusing a reputation management company of fraudulently advertising its ability to remove “bad” reviews from the business review website. In a decision late Thursday night, U.S. District Judge William Alsup in San Francisco said Yelp can pursue trademark infringement and unfair competition claims against ReviewVio, which […]

Nvidia Overtakes Apple as No. 2 Most Valuable Company

(This June 5 story has been corrected to show Nvidia’s market cap gain was nearly $150 billion, not $150 million, in paragraph 10) By Noel Randewich (Reuters) – Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation breaching the $3 trillion mark and overtaking Apple to become the world’s second most […]

Insiders Buying These 4 Stocks

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the […]

Trump Media Shares See How Bad

By Chibuike Oguh NEW YORK (Reuters) – Shares of Trump Media & Technology Group dropped 6.5% late on Thursday after a New York jury convicted former President Donald Trump for falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. The Truth Social parent, majority owned by Trump, […]

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    Barclays asked by watchdog to review private equity exposure, source says

    June 14, 2024

    LONDON (Reuters) – Britain’s Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders’ exposure to the private equity industry. The Bank of England in April said very few banks had a clear idea of […]
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