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Bill Gross Selling Regional Bank Holdings After Making Mucho Bucks

(Bloomberg) Bill Gross said he’s selling most of his regional bank holdings, three months after buying stocks including Western Alliance Bancorp and PacWest Bancorp in the wake of the March banking crisis.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley SaysFed Set to R

JPMorgan s Michele Sees 3% Across Yield Curve With Recession

Wall Street veteran Bob Michele anticipates a flattening of the yield curve to 3% for securities maturing in two through 30 years, a forecast representing a…

Meta s Digital Ad Rebound Fuels AI Investments, Stock Surge

Meta Platforms Inc.’s surprising digital advertising sales rebound is buying the company time to keep pouring money into speculative businesses like…

Darkening Gloom in Chinese Stocks Puzzles Wall Street Veterans

Confidence is in short supply among Chinese investors these days, confounding analysts who say reasons to own the market are finally coming true. • None Tesla…

Microsoft Sees AI Reshaping Search as Google Calms Investors

Alphabet Inc.’s Google and Microsoft Corp., whose quarterly earnings each got a boost from their established search and cloud-computing businesses, used their…

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