By Patrick Wingrove (Reuters) -Novavax Inc cut about $50 million in costs in the first quarter of 2023 and plans to slash more, Chief Executive John Jacobs said in an interview on Wednesday. “We’re lo[...]
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April 12, 2023
Four Fed bank boards wanted different policy decision ahead of March hike
By Ann Saphir (Reuters) – Directors at four of the 12 Federal Reserve regional banks did not want the quarter-percentage-point interest rate increase that the U.S. central bank delivered in Marc[...]
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Teamsters to UPS: No national talks until regional contracts are finished
By Lisa Baertlein LOS ANGELES (Reuters) -The International Brotherhood of Teamsters union on Wednesday said it would not begin national contract negotiations with United Parcel Service as planned next[...]
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Yellen urges continued ‘significant, predictable and timely’ aid for Ukraine
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday called for continued significant aid to Ukraine as it battles against Russia’s invasion, and laude[...]
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NYSE short interest rose 2.0 percent in late March
NEW YORK, April 12 (Reuters) – Short interest on the New York Stock Exchange rose 2.0 percent in late March, the exchange said on Wednesday. As of March 31, short interest rose to about 16.178 b[...]
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Nasdaq short interest up 4.0% in late March
NEW YORK, April 12 (Reuters) – Short interest on the Nasdaq rose 4.0% in the second half of March, the exchange said on Wednesday. As of March 31, short interest rose to about 12.834 billion sha[...]
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Ex-Deutsche Bank investment banker charged in US with crypto fraud
By Luc Cohen NEW YORK (Reuters) -A former Deutsche Bank AG investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors whom he wooed with promise[...]
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Emerson Electric to buy National Instruments for $8.2 billion to deepen automation push
By Nathan Gomes, Anirban Sen and David Carnevali (Reuters) – U.S. industrial conglomerate Emerson Electric Co on Wednesday agreed to buy National Instruments Corp for $8.2 billion, capping a nea[...]
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Slowing US inflation shifts investor focus to earnings season
By David Randall NEW YORK (Reuters) -Inflation data showing U.S. consumer prices rising less than expected in March may have come as a relief to markets, but some investors believe it may take a stron[...]
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