The markets still haven’t fully priced in the federal aid or the $30 billion 11 banks deposited into First Republic Bank to boost confidence into the system.
The losses came even after 11 other banks pledged to deposit $30 billion in First Republic for at least 120 days in a coordinated rescue attempt.
Nike’s CEO John Donahoe said the company is “really focused” on Gen Z consumers in China and aims to see inventory levels normalized by the end of the fiscal year.
American Airlines said its final flight with Arizona-based Mesa Air will be on April 3.
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