Bloomberg Top News

Applications for US unemployment benefits rose by the most in six weeks while continuing claims fell, flagging some softening in a labor market that remains relatively resilient.

Startup Electric Hydrogen Co. plans to open its first factory for making electrolyzers — the machines at the heart of a future green hydrogen economy – in Massachusetts. It’s the latest in a wave of clean-tech manufacturing projects announced across the US.

Royal Caribbean Cruises raised its full-year profit forecast past analysts’ expectations as demand for its journeys outpaced a broader travel upswing, fueling growth in a sector that benefited from the easing of pandemic travel restrictions. Shares jumped as much as 8.5% in premarket trading.

PacWest Bancorp and First Horizon Corp. led a renewed slide in US midsized lenders, adding fresh worries to a sector that has been rattled in recent months by the collapse of multiple firms.

The UK’s financial watchdog is moving to censure the son of a Conservative Party donor and his family’s private bank following an investigation into its alleged role in an attempt to undermine the Qatari financial system.

The European Union is considering ways to target third countries seen as doing too little to stop Russia evade sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter.

Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett made his name by being greedy when others were fearful and fearful when others were greedy, dispensing folksy wisdom along the way.

PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.