U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.17%
By Investing.com - 4 minutes ago
Investing.com – U.S. stocks were higher after the close on Thursday, as gains in the Technology, Consumer Services and Financials sectors led shares higher. At the close in NYSE,...


BofA cuts Virgin Galactic price target on reduced expected flight volumes
By Investing.com - 10 minutes ago
By Davit Kirakosyan BofA Securities cut its price target on Virgin Galactic Holdings Inc (NYSE:SPCE) to $3.00 from $4.00 while maintaining an Underperform rating due to reduced...


DBRS Morningstar cuts Credit Suisse credit rating to 'BBB'
By Reuters - 16 minutes ago
(Reuters) -DBRS Morningstar became the first global rating agency to cut Credit Suisse's credit score on Thursday, less than a day after a major share price plunge saw...


Duke Energy to start construction of floating solar pilot in Florida
By Reuters - 17 minutes ago
(Reuters) - Duke Energy Corp (NYSE:DUK) said on Thursday that its Florida unit would start construction of about 1 megawatt floating solar array pilot later this month in Polk...


Astra seeks more time to boost stock above $1 to avert delisting
By Reuters - 22 minutes ago
By Joey Roulette WASHINGTON (Reuters) - Astra Space this week asked Nasdaq for more time to bring its stock price above $1 to avoid being delisted from the U.S. stock exchange,...


FedEx raises fiscal 2023 earnings forecast, shares soar
By Reuters - 28 minutes ago 
By Lisa Baertlein and Kannaki Deka (Reuters) -FedEx Corp on Thursday raised its fiscal 2023 profit forecast, citing progress on its plan to shave $3.7 billion in costs from the...


Anger as French government pushes through pension change without vote
By Reuters - 37 minutes ago
By Elizabeth Pineau and Ingrid Melander PARIS (Reuters) -French Prime Minister Elisabeth Borne used a special procedure to push an unpopular pensions bill through the National...


U.S. FTC asks social media, video streaming firms info on misleading ads
By Reuters - 38 minutes ago
(Reuters) - The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc (NASDAQ:META), Twitter,...


United States Steel shares gain 4% on Q1 guidance beat
By Investing.com - 43 minutes ago
By Davit Kirakosyan United States Steel Corporation (NYSE:X) shares surged more than 4% after-hours following the company’s better-than-expected Q1/23 guidance. Q1 adjusted EBITDA...


FedEx lifts guidance after delivering big earnings beat in Q3
By Investing.com - 44 minutes ago
By Yasin Ebrahim Investing.com -- FedEx lifted its guidance Thursday after reporting third-quarter earnings that markedly beat expectations as its ongoing efforts to cut costs...


BofA, JPMorgan lead bank group to infuse First Republic with $30B in deposits
By Investing.com - 48 minutes ago
By Scott Kanowsky and Liz Moyer Investing.com -- JPMorgan Chase & Co (NYSE:JPM) and Bank of America Corp (NYSE:BAC) lead a group of big banks injecting a dose of confidence in...


Large banks lead by Bofa, JPMorgan infuse First Republic with $30B in deposits
By Investing.com - 57 minutes ago 
By Scott Kanowsky  Investing.com -- JPMorgan Chase & Co (NYSE:JPM) and Bank of America Corp (NYSE:BAC) lead a group of big banks injecting a dose of confidence in First Republic...


Wall Street closes higher as First Republic helps lift banks
By Reuters - 58 minutes ago
By David Carnevali NEW YORK (Reuters) - A strong rebound by financials helped Wall Street's main indexes close firmly positive on Thursday, after some of the country's largest...


Microsoft unveils AI office Copilot in fast-moving race with Google
By Reuters - 1 hour ago
By Jeffrey Dastin (Reuters) -Microsoft Corp on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings...


US regulators say deposits into First Republic Bank show system's resilience
By Reuters - 1 hour ago
WASHINGTON (Reuters) - Federal regulators and the Treasury Department on Thursday welcomed a decision by 11 larger banks to deposit $30 billion into regional bank First Republic...


Stock market today: Dow rallies as major banks race to rescue First Republic
By Investing.com - 1 hour ago
By Yasin Ebrahim Investing.com -- The Dow closed higher Thursday, as reports major Wall Street banks pledged billions to rescue First Republic Bank , bringing calm to markets...


U.S. State Department approves potential sale of Tomahawk missiles to Australia -Pentagon
By Reuters - 1 hour ago
(Reuters) -The U.S. State Department has approved the potential sale of Tomahawk cruise missiles to Australia in a deal valued at up to $895 million, the Pentagon said on...


Consumer sentiment, quarterly convergence, superhero debut: 3 things to watch
By Investing.com - 1 hour ago
By Liz Moyer Investing.com -- U.S. stocks surged in late trading after a group of large banks organized to bolster First Republic Bank (NYSE:FRC), whose stock had been pounded in...


FDA advisers back Pfizer's COVID treatment for full approval
By Reuters - 1 hour ago
By Leroy Leo and Khushi Mandowara (Reuters) -Advisers to the U.S. Food and Drug Administration on Thursday overwhelmingly backed full approval of Pfizer (NYSE:PFE)'s oral...


JMP Securities continues to view Amazon and Etsy as the best e-commerce stocks to own
By Investing.com - 1 hour ago
By Davit Kirakosyan JMP Securities said it continues to view Amazon (NASDAQ:AMZN) and Etsy (NASDAQ:ETSY) as the best stocks to own in its coverage, given their robust platforms...


First Republic Bank gets $30 billion in deposits from big banks
By Reuters - 1 hour ago
(Reuters) -First Republic Bank has received $30 billion in deposits from several big banks, the banks said in a statement on Thursday, as part of a rescue package for the lender....


U.S. State Department approves potential sale of Hellfire missiles to Poland - Pentagon
By Reuters - 2 hours ago
WASHINGTON, (Reuters) - The U.S. State Department has approved the potential sale of AGM-114R2 Hellfire missiles and related equipment for an estimated cost of $150 million, the...


Mullen releases statement claiming to be on track for deliveries; Shares remain near 52-week low
By Investing.com - 2 hours ago
By Michael Elkins Mullen Automotive Inc (NASDAQ:MULN) CEO David Michery released a statement on Thursday addressing recent investor concerns. The company’s stock is down by over...


Credit Suisse sued by US shareholders over finances, controls
By Reuters - 2 hours ago
By Jonathan Stempel (Reuters) -U.S. shareholders of Credit Suisse Group AG sued the Swiss bank on Thursday, claiming that the bank defrauded them by concealing problems with its...


US CFTC to give pass over certain swap reporting failures tied to SVB, Signature Bank contracts
By Reuters - 2 hours ago
WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission on Wednesday said it would give a pass to firms that cannot meet certain swap reporting requirements following...


Exclusive-California bank PacWest Corp in talks to get liquidity boost -sourcesBy Reuters - 3 hours ago
By Anirban Sen and David French NEW YORK (Reuters) -PacWest Corp is in talks about a liquidity boost with Atlas (NYSE:ATCO) SP Partners and other investment firms, people familiar...


FTX transferred $2.2 billion to Bankman-Fried via related entities, new managers say
By Reuters - 3 hours ago
(Reuters) - Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company's new management...


Blink wins USPS contract to provide EV charging stations and network services
By Investing.com - 3 hours ago
By Michael Elkins Electric vehicle charging company, Blink Charging Co (NASDAQ:BLNK) announced Thursday that they have been awarded an IDIQ contract by the United States Postal...


Midday movers: First Republic, Snap, Adobe and more
By Investing.com - 3 hours ago
By Liz Moyer Investing.com -- Stocks were rising on Thursday as fears about a bank contagion subsided amid talks of a deal to shore up First Republic. Here are the midday movers...


Germany stocks higher at close of trade; DAX up 1.57%
By Investing.com - 3 hours ago
Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Software, Utilities and Media sectors led shares higher. At the close in Frankfurt, the DAX...


Stellantis launches first tranche of buyback program
By Investing.com - 3 hours ago
By Michael Elkins Stellantis NV (NYSE:STLA) announced Thursday that the automaker, pursuant to its share buyback program announced on February 22, has signed a share buyback...


France stocks higher at close of trade; CAC 40 up 2.03%
By Investing.com - 3 hours ago
Investing.com – France stocks were higher after the close on Thursday, as gains in the Gas & Water, General Financial and Foods & Drugs sectors led shares higher. At the close in...


Canada should support startups after SVB collapse, says lobby group
By Reuters - 3 hours ago 
TORONTO (Reuters) - A lobby group for Canada's venture capital and private equity funds is asking Prime Minister Justin Trudeau's government to provide emergency financing to help...


Exclusive-Credit Suisse tells staff SNB facility does not trigger a 'viability' event
By Reuters - 3 hours ago
By Selena Li (Reuters) - Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a "viability event," according to...


Telsey upgrades Foot Locker to Outperform; Sees investor day as catalyst
By Investing.com - 3 hours ago
​By Michael Elkins Telsey Advisory Group upgraded Foot Locker (NYSE:FL) to an Outperform rating (from Market Perform) and raised the price target on the stock to $50.00 (from...

Bar exam score shows AI can keep up with 'human lawyers,' researchers say
By Reuters - 2 minutes ago
By Karen Sloan (Reuters) - Artificial intelligence can now outperform most law school graduates on the bar exam, the grueling two-day test aspiring attorneys must pass to practice...


Wall Street regulator proposes new hacking, data and market resiliency rules
By Reuters - 2 minutes ago
By Douglas Gillison (Reuters) -The top U.S. markets regulator on Wednesday proposed a suite of new policies designed to harden the financial system against hacking, data theft and...


Germany stocks lower at close of trade; DAX down 3.27%
By Investing.com - 4 minutes ago
Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Industrials, Technology and Retail sectors led shares lower. At the close in Frankfurt,...


Mexico banking system robust, unaffected by SVB fallout: Mexico's banking association
By Reuters - 8 minutes ago
By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) - Mexico's banking system is robust and strong, and has not been affected by last week's sudden collapse of Silicon...


Explainer-What is Microsoft-backed OpenAI's GPT-4 model?
By Reuters - 9 minutes ago
(Reuters) - Microsoft (NASDAQ:MSFT) Corp-backed startup OpenAI began the rollout of GPT-4, a powerful artificial intelligence model that succeeds the technology behind the wildly...


Biden nomination of Garcetti for ambassador to India advances in US Senate
By Reuters - 13 minutes ago
By Patricia Zengerle WASHINGTON (Reuters) -President Joe Biden's long-delayed nomination of former Los Angeles Mayor Eric Garcetti to be ambassador to India advanced in the U.S....


Volkswagen lays out details of planned affordable electric car
By Reuters - 13 minutes ago
BERLIN (Reuters) - Volkswagen (ETR:VOWG_p) laid out on Wednesday the details of a planned all-electric car costing under 25,000 euros ($26,790), part of the German carmaker's push...


Tesla hit with 'right to repair' antitrust class actions
By Reuters - 19 minutes ago
By Mike Scarcella (Reuters) - Tesla (NASDAQ:TSLA) Inc has been sued in a pair of proposed antitrust class actions accusing the company of unlawfully curbing competition for...


France stocks lower at close of trade; CAC 40 down 3.58%
By Investing.com - 19 minutes ago
Investing.com – France stocks were lower after the close on Wednesday, as losses in the Gas & Water, General Financial and Foods & Drugs sectors led shares lower. At the close in...


e.l.f. Beauty, Inc. continues to gain share in 4 key categories, claims DA Davidson
By Investing.com - 21 minutes ago
By Sam Boughedda DA Davidson remains bullish on e.l.f. Beauty, Inc. (NYSE:ELF), maintaining a Buy rating on the stock and upping its price target to $91 from $77 per share in a...


U.S. Treasury reviewing U.S. financial sector exposure to Credit Suisse - Bloomberg News
By Reuters - 24 minutes ago
(Reuters) -The U.S. Treasury Department is actively reviewing the U.S. financial sector's exposure to Credit Suisse Group AG after the bank's shares fell to a record low,...


Jefferies upgrades Harley-Davidson to hold as shares reach $39 target
By Investing.com - 28 minutes ago
By Michael Elkins Jefferies upgraded Harley-Davidson, Inc. (NYSE:HOG) to a Hold rating (from Underperform) as the motorcycle manufacturer’s stock reaches its $39 price...


Western Alliance UBS' top mid-cap bank pick as exposure to tech/innovation deposits 'manageable'
By Investing.com - 31 minutes ago
By Sam Boughedda Following the carnage that followed the collapse of SVB, UBS has initiated coverage of 19 mid-cap banks in the U.S., with Western Alliance Bancorporation...


Switzerland under pressure to intervene on Credit Suisse as bank rout deepens
By Reuters - 33 minutes ago 
By Noele Illien, Francesco Canepa and Lucy Raitano (Reuters) - Switzerland is under pressure from at least one major government to intervene quickly on Credit Suisse, a source...


Mexico's Mifel head says still bidding for Citigroup's Mexican retail unit
By Reuters - 38 minutes ago
By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) - Mexico's Mifel bank is still in the bidding process for Citigroup (NYSE:C)'s Mexican retail bank Citibanamex,...


Israel stocks lower at close of trade; TA 35 down 1.84%
By Investing.com - 49 minutes ago
Investing.com – Israel stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Banking and Communication sectors led shares lower. At the close in Tel Aviv,...


China coast guard enters disputed waters in East China Sea
By Reuters - 1 hour ago 
BEIJING (Reuters) - China's coast guard entered the waters around disputed East China Sea islets on Wednesday to counter what it called the incursion of Japanese vessels into...


Kellogg snack business to be named 'Kellanova' after cereal unit spin-off
By Reuters - 1 hour ago 
(Reuters) -Kellogg Co's global snacking business will be called "Kellanova" following the spin-off of its North American cereal unit, the packaged food giant said on Wednesday, as...


Exclusive-U.S. regulator taps Piper Sandler in new bid to sell Silicon Valley Bank -sources
By Reuters - 1 hour ago
By David French (Reuters) -Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have tapped investment bank Piper Sandler Companies to relaunch the auction of failed...


Buoyant Zara owner Inditex invests in tech and U.S. expansion
By Reuters - 1 hour ago
By Corina Pons and Helen Reid A CORUÑA, Spain (Reuters) - Zara owner Inditex (BME:ITX)'s spring-summer 2023 collection has flown off the shelves over the past six weeks, the...


Speculators build $16 billion bearish bet on Europe's banks
By Reuters - 1 hour ago
By Nell Mackenzie and Pablo Mayo Cerqueiro LONDON (Reuters) - Short sellers had amassed bearish positions worth more than $15.7 billion against European banks by Tuesday, after...


How GSK plans to replenish its depleted medicine cabinet
By Reuters - 1 hour ago
By Maggie Fick STEVENAGE, England (Reuters) - GSK's chief scientist says an overhaul of the drugmaker's R&D unit has begun delivering results - citing an RSV vaccine and promising...


Biden administration looks to free up wireless spectrum for advanced technologyBy Reuters - 1 hour ago 
By David Shepardson WASHINGTON (Reuters) -The Biden administration on Wednesday launched an effort to identify significant wireless spectrum that can be repurposed for advanced...


Prudential says exposure to SVB minimal, sales to China travellers pick up
By Reuters - 1 hour ago
By Selena Li HONG KONG (Reuters) -Asia-focused insurer Prudential's said its exposure to collapsed Silicon Valley Bank (SVB) is minimal, and expects little impact on its...


Goldman Sachs cuts U.S. GDP forecast after banking crisis
By Reuters - 1 hour ago
(Reuters) - Goldman Sachs (NYSE:GS) on Wednesday lowered its forecast for fourth-quarter U.S. gross domestic product (GDP) growth, citing risks to the lending environment as...


US to impose inflation fines on first set of drugs, lowering costs
By Reuters - 1 hour ago 
By Ahmed Aboulenein WASHINGTON (Reuters) -The U.S. government said on Wednesday it would subject 27 drugs to inflation penalties, a move that will reduce out-of-pocket costs for...


T-Mobile scoops up owner of Ryan Reynolds-backed Mint Mobile for $1.35 billion
By Reuters - 1 hour ago
(Reuters) -T-Mobile US Inc said on Wednesday it would buy Ka'ena Corp, the owner of Ryan Reynolds-backed budget service provider Mint Mobile, for up to $1.35 billion, as the...


Microsoft signs Japanese licensing agreement amid Activision deal
By Reuters - 1 hour ago
By Foo Yun Chee BRUSSELS (Reuters) - Microsoft (NASDAQ:MSFT) signed a 10-year licensing deal to bring Activision's Call of Duty franchise to Japanese cloud gaming provider Ubitus...


Albertsons, Kroger reiterate store divestiture plan ahead of merger
By Reuters - 1 hour ago 
(Reuters) -Albertsons Companies Inc reiterated in a filing on Tuesday it would divest some stores owned by the company and Kroger (NYSE:KR) Co to obtain the regulatory clearance...


Firm backed by UAE spymaster buys ByteDance stake at $220bn valuation - Bloomberg
By Investing.com - 1 hour ago
By Scott Kanowsky  Investing.com -- TikTok owner ByteDance was given a valuation of around $220 billion in a recent private investment from Abu Dhabi AI firm G42, Bloomberg...


Wall Street tumbles as Credit Suisse sparks fresh bank selloff
By Reuters - 1 hour ago 
By Amruta Khandekar and Shubham Batra (Reuters) -U.S. stocks dropped on Wednesday as turbulence at Credit Suisse revived fears of a banking crisis, eclipsing bets of a smaller...


Disney 'unlikely' to sell Hulu, says Wells Fargo
By Investing.com - 1 hour ago
By Michael Elkins  Wells Fargo reiterated an Overweight rating and $141.00 price target on Disney (NYSE:DIS) after examining rumors that the media company is being encouraged to...


Fed’s Key Bank Test Overlooked Interest-Rate Risk for a Decade
By Bloomberg - 1 hour ago 
(Bloomberg) -- The Federal Reserve’s cornerstone method for determining whether US banks can survive an economic crisis has for years had a glaring oversight: Regulators haven’t...


Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.96%
By Investing.com - 1 hour ago
Investing.com – Denmark stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Personal & Household Goods and Financials sectors led shares lower. At the...


Wall Street positive on Box following analyst day event
By Investing.com - 1 hour ago 
​By Sam Boughedda  Despite opening lower, Box (NYSE:BOX) shares are up more than 1% Wednesday following its Analyst Day, which resulted in positive comments about the company's...

US SEC charges IT services firm DXC for 'misleading' non-GAAP disclosures
By Reuters - 18 minutes ago
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday it charged IT services firm DXC Technology with making misleading disclosures about its non-GAAP...


Albertsons, Kroger to divest some stores ahead of merger
By Reuters - 3 minutes ago
(Reuters) - Albertsons Companies Inc said on Tuesday it would divest some stores owned by the company and Kroger (NYSE:KR) Co to obtain the regulatory clearance needed to go ahead...


Southwest eyes rival United's service provider to bolster its operations
By Reuters - 4 minutes ago
CHICAGO (Reuters) - Southwest Airlines (NYSE:LUV) Co is tapping a software company called SureWeather, which rival United Airlines employs, to make its winter operations more...


SentinelOne reports Q4 beat, shares down 3% on 2024 revenue guidance miss
By Investing.com - 10 minutes ago 
By Davit Kirakosyan SentinelOne (NYSE:S) shares fell more than 3% after-hours despite the company reporting better-than-expected Q4 results, with EPS of ($0.13), compared to the...


Investors tiptoe back into US bank stocks, regulators probe SVB collapse
By Reuters - 13 minutes ago 
3By Chris Prentice (Reuters) - Bruised U.S. bank stocks regained some ground on Tuesday, as a sell-off sparked by Silicon Valley Bank's collapse gave way to bargain-hunting by...


Wall Street ends green as inflation cools, bank jitters ebb
By Reuters - 17 minutes ago 
​54By Stephen Culp NEW YORK (Reuters) - U.S. stocks bounced back on Tuesday as largely on-target inflation data and easing jitters over contagion in the banking sector cooled...


Microsoft-backed OpenAI starts release of powerful AI known as GPT-4
By Reuters - 18 minutes ago
By Jeffrey Dastin (Reuters) -The startup OpenAI on Tuesday said it is beginning to release a powerful artificial intelligence model known as GPT-4, setting the stage for...


GM extends production halt at Mexico truck plant over supply chain issue
By Reuters - 19 minutes ago
By David Shepardson (Reuters) -General Motors said on Tuesday its Silao Assembly Plant in Mexico that makes Chevrolet and GMC pickup trucks will extend a production halt through...


Dust settles on SVB bank share rout, contagion fears recede to background
By Reuters - 44 minutes ago 
2LONDON/NEW YORK (Reuters) - The health of the global banking sector as interest rates rise remained in the spotlight on Tuesday but investors appeared to take heart that the risk...


Tyson Foods to shut two US chicken plants with nearly 1,700 workers
By Reuters - 48 minutes ago
By Tom Polansek CHICAGO (Reuters) -Tyson Foods Inc will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. The closures show the...


BioXcel's OnkosXcel Therapeutics Files for Proposed IPO
By Investing.com - 48 minutes ago
OnkosXcel Therapeutics, LLC (“OnkosXcel”) today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange...


Deutsche Bank cuts price target on Charles Schwab, liquidity risk fears calming but 2023 EPS impact is significant
By Investing.com - 50 minutes ago 
1By Davit Kirakosyan Deutsche Bank lowered the price target on Charles Schwab (NYSE:SCHW) to $83.00 from $109.00 while maintaining a Buy rating. The company reported February...


Stock market today: Dow adds 300 points as bank rally fueled bets on Fed move
By Investing.com - 54 minutes ago 
14By Liz Moyer Investing.com -- U.S. stocks ended higher as a rally in bank stocks put aside worries that the trouble in the banking sector would wind up becoming a contagion.  At...


DirecTV sues Nexstar, station owners over retransmission fees
By Reuters - 1 hour ago
By Jacqueline Thomsen (Reuters) -Satellite provider DirecTV on Tuesday sued Nexstar Media Group (NASDAQ:NXST) Inc and two other television station owners in Manhattan federal...


Ohio sues Norfolk Southern over Feb. 3 train derailment
By Reuters - 1 hour ago
By David Shepardson (Reuters) -The state of Ohio sued Norfolk Southern (NYSE:NSC) Tuesday over the Feb. 3 derailment of a freight train that released over a million gallons of...


Newmont Mining upgraded at Canaccord following the Q4 report
By Investing.com - 1 hour ago
By Davit Kirakosyan Canaccord Genuity upgraded Newmont Mining Corp. (NYSE:NEM) to Buy from Hold and raised its price target to $55 from $53 following the company's reported Q4/22...


NatWest limits customers' crypto transfers, citing scam concerns
By Reuters - 1 hour ago 
1By Elizabeth Howcroft LONDON (Reuters) - Britain's NatWest has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to...


U.S. Treasury says record FDIC cash draw won't affect debt ceiling 'X-date'
By Reuters - 1 hour ago 
4(Reuters) -The Federal Deposit Insurance Corp said its withdrawal of a record $40 billion in U.S. Treasury Funds on Friday as it seized control of Silicon Valley Bank will not...


Producer prices, retail sales, Adobe earnings: 3 things to watch
By Investing.com - 1 hour ago
By Liz Moyer Investing.com -- Stocks were clinging to gains with a half-hour of trading left in the session Tuesday, fueled higher by rallying bank stocks as worries about a...


U.S. board to announce decision on Kansas City Southern acquisition deal
By Reuters - 1 hour ago
By David Shepardson WASHINGTON (Reuters) -The Surface Transportation Board said it plans to announce on Wednesday whether it will approve or reject Canadian Pacific (NYSE:CP)'s...


U.S. State Department approves potential sale of tactical vehicles to Romania - Pentagon
By Reuters - 1 hour ago
WASHINGTON (Reuters) - The U.S. State Department has approved a possible sale of 95 Heavy Gun Carriers Joint Light Tactical Vehicles (JLTVs) and related equipment to Romania, the...


Moody’s Cuts US Banking System to Negative After Lender Failures
By Bloomberg - 1 hour ago
(Bloomberg) -- Moody’s Investors Service cut its outlook for the US banking system to negative from stable, citing the run on deposits at Silvergate Capital (NYSE:SI) Corp., SVB...


U.S. Treasury says bank stability actions have not changed debt ceiling 'X-date'
By Reuters - 1 hour ago
WASHINGTON (Reuters) - The U.S. Treasury's actions to protect depositors in failed banks SVB Financial and Signature Bank (NASDAQ:SBNY) will not affect the date on which the...


US releases a third of electronics detained under China forced labor law, data showsBy Reuters - 1 hour ago 
1By Nichola Groom (Reuters) - U.S. customs officials have released more than a third of the electronic equipment, including solar panels, detained since last year under a new law...


Shares of US regional banks up in bounce after SVB-fueled rout
By Reuters - 1 hour ago 
1By Medha Singh and Chuck Mikolajczak (Reuters) -Shares of U.S. regional banks rose on Tuesday after tumbling by double-digit percentages over the past several days in the wake of...


US airline CEOs play down demand concerns after United's dour forecast
By Reuters - 2 hours ago
By Rajesh Kumar Singh and Abhijith Ganapavaram CHICAGO (Reuters) -U.S. airlines on Tuesday tried to reassure investors about the strength of travel demand, a day after United...


EBay slams 'alarming' Meta subpoena in FTC monopoly case
By Reuters - 2 hours ago
By Mike Scarcella (Reuters) - E-commerce platform eBay Inc (NASDAQ:EBAY) on Monday asked a U.S. judge to block a bid by Meta Platforms Inc (NASDAQ:META) for testimony from an eBay...


Global equities gain, as rising bond yields pressure gold
By Reuters - 2 hours ago 
1By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) - Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and key U.S. inflation data was in...


Buttigieg says recent U.S. aviation close calls 'deeply troubling'
By Reuters - 2 hours ago 
1WASHINGTON (Reuters) - U.S. Transportation Secretary Pete Buttigieg told airlines and others on Tuesday that a series of aviation close calls were "deeply troubling and deserve...


Citadel, other funds seek bargains in smaller banks after sell-off
By Reuters - 2 hours ago 
2By Svea Herbst-Bayliss and Carolina Mandl (Reuters) -Hedge funds including Citadel have bought shares in smaller banks after a sell-off sparked by the failure of Silicon Valley...


How SVB Financial Group imploded in two days
By Reuters - 2 hours ago
(Reuters) - The swift downfall of SVB Financial Group after rising interest rates brought on a tumultuous period for once high-flying technology startups has impaired virtually...


US options traders bet on near-term recovery as bank stocks rebound
By Reuters - 2 hours ago
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Traders in the U.S. equity options market on Tuesday were betting on a near-term rebound in the battered shares of U.S. banks after the...


AMC tumbles as shareholders approve plan to convert APE preferreds
By Reuters - 2 hours ago 
1(Reuters) -Shares of AMC Entertainment (NYSE:AMC) Holdings Inc tumbled about 17% on Tuesday after shareholders voted in favor of converting the company's preferred stock into...


Novo Nordisk to slash US insulin prices, following move by Eli Lilly
By Reuters - 2 hours ago 
1By Patrick Wingrove and Bhanvi Satija (Reuters) - Novo Nordisk (NYSE:NVO) said on Tuesday it would cut U.S. list prices for several insulin products by up to 75% next year,...


Meta to cut 10,000 jobs in second round of layoffs
​By Reuters - 2 hours ago 
​3By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a...