(Changes “Treasuries” to “Treasury” in last paragraph) By Davide Barbuscia NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of investment management company Dou[...]
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May 23, 2024
Boeing faces ‘long road’ on safety issues, US FAA says
By David Shepardson WASHINGTON (Reuters) – U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it[...]
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FTX bankruptcy lawyers were not complicit in fraud, report finds
By Dietrich Knauth NEW YORK (Reuters) – FTX’s bankruptcy lawyers at Sullivan & Cromwell were not complicit in the fraud that caused the crypto company to collapse, a court-appointed ex[...]
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Goldman Sachs gets license for regional headquarters in Saudi Arabia, source says
(Reuters) – Wall Street titan Goldman Sachs has received a license to set up its regional headquarters in Saudi Arabia’s Riyadh, according to a person familiar with the matter. The move co[...]
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Russia’s Nornickel plans to build a PGMs refinery in Bahrain, source says
LONDON (Reuters) – Russian metals giant Nornickel plans a joint project for construction of a platinum group metals (PGMs) refinery in Bahrain, a source familiar with the matter told Reuters on[...]
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Fed’s Bostic says U.S. not past ‘worry point’ for inflation
(Reuters) – The Federal Reserve may need to wait longer to cut interest rates because even with April’s slightly cooler inflation reading there is continued upward pressure on prices, Atla[...]
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Wall Street tumbles as AI fervor dampened by rate jitters
By Stephen Culp NEW YORK (Reuters) -U.S. stocks ended sharply lower on Thursday as enthusiasm over Nvidia’s quarterly results faded and robust economic data fueled concerns over tighter-for-long[...]
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CVS seeks private equity funding for Oak Street Health, Bloomberg News reports
(Reuters) -CVS Health Corp has been seeking a private equity partner to fund growth at Oak Street Health, a primary care provider it bought a year ago, Bloomberg News reported on Thursday. The company[...]
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Nvidia adds over $200 billion in market value in post-earnings rally
By Aditya Soni, Gokul Pisharody and Lewis Krauskopf (Reuters) – Shares of Nvidia surged over 9% on Thursday, building on a stunning rally as its bumper revenue forecast reinforced investor confi[...]
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