By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federa[...]
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April 5, 2023
U.S. trade chief Tai defends pursuit of non-traditional trade deals
By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai on Wednesday defended the Biden administration’s decision not to pursue traditional free trade deals and argued her[...]
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Ousted Marvel Entertainment Chairman Ike Perlmutter to retain Disney shares
(Reuters) – Marvel Entertainment’s former chairman Ike Perlmutter on Wednesday said he will hold on to his Disney shares, a week after reports of his termination from the role. Reuters rep[...]
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Western Alliance Bancorp’s deposits fall 11% on U.S. banking crisis fallout
By Manya Saini and Siddarth S (Reuters) – Western Alliance Bancorporation said on Wednesday its first-quarter deposits were 11% lower than at the end of 2022, as customers spooked by the sudden[...]
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Marketmind: RBA steady, RBNZ hawk shock, next up RBI
By Jamie McGeever (Reuters) – There will be no Asia Morning Bid on Friday, April 7. It will resume on Monday, April 10. A look at the day ahead in Asian markets from Jamie McGeever. First Austra[...]
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Drugmaker AbbVie trims profit forecasts on IPR&D expenses
(Reuters) -AbbVie Inc on Wednesday lowered its full-year and first-quarter profit expectations, citing a $150 million hit from acquired in-process research and development (IPR&D) and milestone ex[...]
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FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collaps[...]
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US fines British Airways $135,000 over tarmac delay in 2017
By David Shepardson NEW YORK (Reuters) – The U.S. Transportation Department (USDOT) Wednesday imposed a $135,000 penalty on British Airways over a 2017 tarmac delay in which it failed to ensure[...]
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Disney’s streaming chief to exit under company revamp
LOS ANGELES (Reuters) – Michael Paull, the head of Walt Disney Co’s streaming entertainment unit, is leaving the company after six years under an ongoing restructuring by Chief Executive B[...]
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