By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – The weekend rescue of troubled lender First Republic Bank has done little to allay options traders’ concerns about the overall[...]
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May 1, 2023
IMF lauds ‘quick and orderly resolution’ of First Republic by US regulators
WASHINGTON (Reuters) – The International Monetary Fund (IMF) appreciates quick action by U.S. regulators to seize First Republic Bank and find a private buyer, an IMF spokesperson said on Monday[...]
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Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
By Ananya Mariam Rajesh and Anne Florentyna Gnanaraja Sekar (Reuters) -Norwegian Cruise Line Holdings Ltd raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting o[...]
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White House to study employer tools that monitor workers
WASHINGTON (Reuters) – The Biden administration plans to study companies’ use of technology to monitor and manage workers, which it said on Monday is becoming increasingly common and can c[...]
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Fifth Third Bancorp bid for First Republic before sale to JPMorgan -sources
By Anirban Sen and David French NEW YORK (Reuters) – Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank on Sunday before it was sold to JPMorgan Chase &[...]
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US manufacturing contracts again in April, but pace slows
By Lucia Mutikani WASHINGTON(Reuters) – U.S. manufacturing pulled off a three-year low in April as new orders improved slightly and employment rebounded, but activity remained depressed amid hig[...]
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ON Semi jumps after results while Nvidia hits 13 month high
(Reuters) – ON Semiconductor’s shares jumped 7% on Monday after the chipmaker’s quarterly guidance beat Wall Street’s expectations, spurring other chip stocks with heavyweight[...]
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Factbox-U.S. debt ceiling standoff: Platinum coins, the 14th Amendment could be paths out
WASHINGTON (Reuters) – With Democratic President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy locked in a standoff over raising the United States’ $31.4 trillio[...]
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Biden says First Republic depositors protected, calls for stronger bank regulation
WASHINGTON (Reuters) – U.S. President Joe Biden on Monday hailed moves by U.S. regulators to facilitate the sale of First Republic Bank, protect all its depositors and ensure that U.S. taxpayers[...]
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