First Republic Bank finished lower on Thursday, after briefly erasing declines when Treasury Secretary Janet Yellen said regulators would be prepared to take additional steps to guard bank deposits if warranted.
Block Inc. said it will explore legal action against Hindenburg Research after the short seller issued a report alleging the payments company facilitated fraudsters.
Accenture Plc surged after saying it will cut 19,000 jobs — about 2.5% of its workforce — over the next 18 months, one of the largest rounds of dismissals in a consultancy sector battling strong economic headwinds.
Ontario is close to balancing its budget in the coming year, with higher revenue from income tax and federal government transfers helping offset an anticipated economic slowdown in Canada’s most-populous province.
Oil halted its recent advance as weakening sentiment weighed on broader markets and the US government signaled that refilling the Strategic Petroleum Reserve will take longer than previously expected.
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