By Aishwarya Nair and Tim Hepher (Reuters) -Boeing Co predicted a surge in worldwide aircraft financing towards pre-pandemic levels this year, highlighting a rebound in demand for air travel just as a[...]
Read more
March 15, 2023
Stripe nearly halves valuation to $50 billion following $6.5 billion raise
By Milana Vinn and Niket Nishant (Reuters) -Payments processor Stripe on Wednesday raised $6.5 billion in a funding round led by existing and new investors at a sharply reduced valuation of $50 billio[...]
Read more
Wall Street down as Credit Suisse sparks fresh bank selloff
By David Carnevali NEW YORK (Reuters) – U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis,[...]
Read more
Branson’s Virgin Orbit to pause ops, furlough nearly all employees – source
By Joey Roulette (Reuters) -Richard Branson’s Virgin Orbit on Wednesday said it was pausing all operations from March 16 and a source familiar with the matter told Reuters that the satellite lau[...]
Read more
To hike or not to hike? Fed’s next move in question as bank crisis feared
By Lindsay Dunsmuir and Ann Saphir (Reuters) – With just six days to go before Federal Reserve policymakers sit down in Washington, exactly what decision they’ll make on interest rates now[...]
Read more
Americans are wary of bailouts as banking concerns mount – Reuters/Ipsos poll
By Jason Lange WASHINGTON (Reuters) – A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though Republican opposition to bank ba[...]
Read more
Bain Capital’s Connaughton says SVB fallout will weigh on banks
By Chibuike Oguh NEW YORK (Reuters) -Bain Capital’s co-managing partner, John Connaughton, told Reuters on Wednesday that the fallout from SVB Financial Group’s collapse will weigh on bank[...]
Read more
Volkswagen lays out details of planned affordable electric car
BERLIN (Reuters) – Volkswagen 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 to derive 80% of VW p[...]
Read more
Dollar gains in safe-haven buying as Credit Suisse sparks wider banking fears
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday on safe-haven buying after Credit Suisse’s stock tumbled following the disclosure of “weaknesses[...]
Read more