By Andrea Shalal WASHINGTON (Reuters) – The White House is continuing to monitor the situation at First Republic Bank, which has continued to lose deposits this week, spokesperson Karine Jean-Pi[...]
Read more
April 27, 2023
IRS won’t hire armed auditors, will add criminal investigators, new chief says
By David Lawder WASHINGTON (Reuters) – Internal Revenue Service Commissioner Danny Werfel on Thursday said the agency will not hire any armed auditors with $80 billion in new funding, an attempt[...]
Read more
Mastercard reports U.S. antitrust probe of debit card program
(Reuters) – Mastercard Inc on Thursday said the U.S. Justice Department was conducting an antitrust investigation of its U.S. debit program and competition with other payment networks. The compa[...]
Read more
First Republic notches modest gain after steep sell-off
By Niket Nishant and Chibuike Oguh (Reuters) – First Republic Bank’s shares rebounded on Thursday from a steep sell-off that wiped out nearly 60% of the regional bank’s market value[...]
Read more
Fed emergency lending to banks ticks up modestly in latest week
By Michael S. Derby (Reuters) -Federal Reserve emergency lending to banks rose modestly in the latest week and remained at very high levels, even as many central bankers argue the worst of the banking[...]
Read more
T-Mobile misses estimates for quarterly revenue, wireless subscriber additions
(Reuters) -Wireless carrier T-Mobile US Inc missed Wall Street estimates for first-quarter revenue and wireless subscriber additions on Thursday, weighed down by intense competition and consumers post[...]
Read more
Lyft to lay off more than 1,000 employees in cost-cut push
(Reuters) -Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one of the first steps by the new Chief Executive David Risher, sending its shares up by a[...]
Read more
Gilead profit misses Wall Street expectations as COVID drug sales decline
(Reuters) -Gilead Sciences Inc on Thursday reported a lower-than-expected first-quarter profit as sales from COVID-19 antiviral Veklury declined more than anticipated, and its shares fell more than 2%[...]
Read more
FBI searches home of top FTX executive – NYT
(Reuters) – The FBI carried out a search on Thursday morning at the Potomac, Md., home of former FTX executive Ryan Salame, the New York Times reported, citing two people with knowledge of the m[...]
Read more