(Reuters) -Goldman Sachs Group Inc is expecting to incur $2.3 billion more in potential losses from legal proceedings than the reserves it had set aside for such matters last year, a regulatory filing[...]
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February 24, 2023
Warner Bros Discovery’s shares fall as ad market recovery looks uncertain
By Samrhitha A and Chavi Mehta (Reuters) -Warner Bros Discovery’s shares fell on Friday as Wall Street sees more pain for the media giant that posted more than $2 billion in fourth-quarter losse[...]
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U.S. consumer watchdog fines TitleMax $10 million for ‘illegal’ lending
(Reuters) -The U.S. consumer watchdog on Thursday fined TitleMax $10 million, saying the Georgia-based title lender illegally made thousands of auto loans to military borrowers over a five-year period[...]
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Elon Musk’s challenge: Stay ahead of the competition
By Joseph White and Paul Lienert DETROIT (Reuters) – Elon Musk will confront a critical challenge during Tesla’s Investor Day on March 1: Convincing investors that even though rivals are c[...]
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Warner Bros Discovery sues Paramount over ‘South Park’ streaming rights
By Jonathan Stempel and Dawn Chmielewski NEW YORK (Reuters) – The rights to stream “South Park,” the popular animated comedy featuring foul-mouthed children, is the subject of a new[...]
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U.S. dollar holds seven-week high after strong inflation data
By Laura Matthews NEW YORK (Reuters) – The dollar held a seven-week peak on Friday, as another round of data showing still-high inflation reinforced expectations that interest rates could stay h[...]
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Exclusive: Credit Suisse’s Klein plans First Boston summit amid spin-out challenges, sources say
By Sumeet Chatterjee, Andres Gonzalez and Tatiana Bautzer (Reuters) – Credit Suisse Group AG’s new investment banking chief, Michael Klein, is expected to lay out his plans for the divisio[...]
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U.S. nominee for top World Bank job gets positive reviews at G20 meeting
By David Lawder and Christian Kraemer BENGALURU (Reuters) – The U.S. nominee to lead the World Bank, ex-Mastercard Chief Executive Ajay Banga, gained traction with leading members on Friday, a s[...]
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GM’s truck production cut signals a turn in U.S. auto sales
By Joseph White and Ben Klayman DETROIT (Reuters) -New vehicle sales in the United States are expected to increase in February, but the decision by General Motors Co to cut production of large pickup[...]
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