By Andrea Shalal and Nandita Bose DURHAM, North Carolina (Reuters) -U.S. President Joe Biden said on Tuesday his administration had done what was possible to address the banking crisis with available[...]
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March 28, 2023
US consumer finance chief calls for better risk management at banks, fintechs
By Nupur Anand and Tatiana Bautzer (Reuters) – The recent failures of mid-size U.S. lenders show the need for more robust risk management at banks and fintechs, along with improved regulation, t[...]
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Lululemon projects upbeat 2023 on strong demand, easing inventory
By Deborah Mary Sophia (Reuters) -Lululemon Athletica Inc on Tuesday forecast annual sales and profit above Street estimates as the athleisure clothing maker rides on resilient demand and easing inven[...]
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Meta, Google defend Brazilian law on responsibility for internet content
By Anthony Boadle BRASILIA (Reuters) -Meta Platforms Inc and Alphabet Inc’s Google appeared before Brazil’s Supreme Court on Tuesday to defend a law that says internet companies are not re[...]
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Apple launches ‘buy now, pay later’ service in US
By Chavi Mehta and Akash Sriram (Reuters) -Apple Inc on Tuesday launched its “buy now, pay later” (BNPL) service in the United States, a move that threatens to disrupt the fintech sector d[...]
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AMC Entertainment shares jump on report Amazon exploring a deal
(Reuters) -Shares of AMC Entertainment Holdings Inc jumped as much as 21% on Tuesday, following a report that ecommerce giant Amazon.com Inc was looking to buy the theater chain. Amazon founder Jeff B[...]
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US regulator cites ‘terrible’ risk management for Silicon Valley Bank failure
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank did a “terrible” job of managing risk before its collap[...]
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Memory chipmaker Micron expects revenue drop, expects AI to boost sales in 2025
By Akash Sriram and Jane Lanhee Lee (Reuters) -Micron Technology Inc on Tuesday forecast third-quarter revenue would tumble nearly 60% from a year earlier but the steep drop was in line with Wall Stre[...]
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Goldman Sachs names Michael Marsh as EMEA financing group head – memo
(Reuters) – Goldman Sachs Group Inc is shaking up the leadership ranks at its global financing group after the Wall Street bank merged its investment banking and trading business into a single u[...]
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