U.S. equities rallied back from earlier losses fueled by worries a softening labor market may be signaling a recession ahead, and ended the shortened trading week higher. Read More...
Bloomberg
BlackRock to Sell $114 Billion of Failed Banks’ Securities
(Bloomberg) — BlackRock Inc. was hired by US regulators to help sell $114 billion in securities it amassed from failed lenders Signature Bank and Silicon Valley Bank, returning the asset-manager to its role as an adviser to the government in times of crisis.Most Read from BloombergGoogle and Amazon Struggle to Lay Off Workers in EuropeNassim Taleb On What Bitcoiners, Anti-Vaxxers, VCs and Deadlifters Are Getting WrongChina Restraint on Taiwan Shows Xi Has Bigger Concerns NowTraders on Guard Hop
