By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response to the failures of First Republic Bank, Silico[...]
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May 1, 2023
Environmental groups sue U.S. over SpaceX launch license for Texas
By Steve Gorman (Reuters) -Conservation groups sued the Federal Aviation Administration on Monday, challenging its approval of expanded rocket launch operations by Elon Musk’s SpaceX next to a n[...]
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FDIC sees merits of increasing backstop for business accounts
By Hannah Lang and Ann Saphir WASHINGTON (Reuters) – A key U.S. banking regulator on Monday laid out a range of options for reforming the federal deposit insurance system and concluded that sign[...]
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Dollar gains before Fed meeting, jobs data
By Karen Brettell NEW YORK (Reuters) – The dollar rose to an almost two-week high against a basket of currencies on Monday before the Federal Reserve is expected to hike interest rates by an add[...]
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Factbox-Why are Hollywood writers threatening to strike?
LOS ANGELES (Reuters) – Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they fai[...]
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Oil drops 1% as economic growth concerns offset OPEC+ cuts
By Shariq Khan BENGALURU (Reuters) – Oil prices dropped by a dollar a barrel on Monday after weak economic data from China and expectations of another U.S. interest rate hike outweighed support[...]
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Explainer-Why First Republic Bank failed and what JPMorgan’s deal means
By Lawrence Delevingne (Reuters) – The focus of the U.S. regional banking crisis turned on First Republic Bank in late March after the wealthy clients it courted to fuel its breakneck growth beg[...]
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All eyes on Lyft’s new CEO as Wall Street awaits turnaround plan
(Reuters) – Lyft Inc’s revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from[...]
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IMF’s Georgieva says more vulnerabilities in banking sector may be exposed
BEVERLY HILLS, California (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Monday she expects more weaknesses to be exposed in the banking sector, only hours after[...]
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