(Reuters) – Self-driving technology firm Aurora Innovation said on Tuesday it plans to sell $600 million worth of class A common stock in a private placement, sending the company’s shares[...]
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July 18, 2023
US warehouse rents will defy logistics transportation rate drop -Prologis CEO
By Lisa Baertlein LOS ANGELES (Reuters) – Warehouse rents will continue to rise even as other supply-chain costs tumble from pandemic highs, the CEO of the world’s largest warehouse landlo[...]
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US bank shares jump on interest income and deals optimism, but outlook mixed
(Reuters) – Big U.S. banks on Tuesday said higher interest rates had helped boost profits in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth[...]
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Morgan Stanley profit beats estimates on wealth, shares rise
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) – Morgan Stanley’s profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and[...]
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BofA profit surges on interest income, surprise investment banking gain
By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Bank of America’s second-quarter profit beat Wall Street estimates as it earned more from customers’ loan payments while investment banki[...]
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United Airlines grapples with pilots avoiding the captain’s chair
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines first officer Phil Anderson has turned down opportunities to be promoted to captain as he does not want the unpredictable schedule that[...]
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Twitter again sued over severance pay, bias during layoffs
By Daniel Wiessner (Reuters) – Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a serie[...]
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Bank results lift stocks; Dow up for seventh straight session
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, partly boosted by a round of solid bank earnings which helped put the Dow on track for its longest streak of daily gain[...]
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Global shares rise, dollar rebounds as Fed seen on target for rate hike
By Herbert Lash NEW YORK (Reuters) – The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U[...]
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