Mazda to nominate former North America head as the next CEO
Current President and CEO Akira Marumoto would continue to serve as an adviser, the Nikkei newspaper reported separately.
Australia to buy up to 220 Tomahawk missiles from the U.S.
The deal comes days after Australia announced it would buy nuclear-powered attack submarines from the U.S. to modernize its fleet.
New Zealand to ban TikTok on devices linked to parliament
TikTok is under increasing scrutiny due to fears that user data could end up in the hands of the Chinese government, undermining Western security interests.
Asia markets rise as Wall Street banks move to shore up banking system
Asian markets traded higher after banks on Wall Street pledged to deposit $30 billion in First Republic.
Short sellers are doubling down on these European banks — and Credit Suisse isn’t their top target
As short sellers double down on European banks, they’re sitting on nearly $2 billion in profit from March alone.
Tesla vs. BYD: Market pros pick their favorite electric vehicle giant
Constellation Research’s Ray Wang believes Tesla versus BYD is “a story for the ages.”
Dow closes nearly 400 points lower on Friday as First Republic and regional banks resume slide: Live updates
The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis.
Jim Cramer says the banking crisis is fighting inflation for Powell and the Fed
CNBC’s Jim Cramer on Thursday said the banking crisis is fighting inflation and the Fed no longer needs to take action.
This is why the Federal Reserve could stay the course and raise interest rates again
The market anticipates the Fed will hike rates by 25 basis points next week, but the central bank can reverse course if the financial system is in distress.
The investor who famously shorted Silicon Valley Bank in January on what’s to come in the crisis
Short seller William Martin of Raging Capital believes the crisis should be fairly contained as most of the institutions are not as exposed to the interest rate risk as SVB.
