By Noor Zainab Hussain, Tatiana Bautzer and Saeed Azhar (Reuters) -Some of the largest U.S. banks said on Friday they got a profit boost from higher rates and painted a picture of a resilient economy,[...]
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Business
Elon Musk says xAI will examine universe, work with Twitter and Tesla
By Sheila Dang and Krystal Hu (Reuters) -Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to “understand the universe.” In an often meandering[...]
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US Virgin Islands demands $190 million from JPMorgan in Epstein case
By Jonathan Stempel NEW YORK (Reuters) -The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank[...]
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S&P 500 ends down with banks mostly lower, indexes post weekly gains
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended down slightly on Friday, with bank and financial shares mostly lower on the day following quarterly reports that kicked off ea[...]
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Bitcoin hovers near 13-month high as investors cheer Ripple ruling
By Tom Westbrook, Rae Wee and Hannah Lang SINGAPORE/WASHINGTON (Reuters) – Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal[...]
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US House to weigh bill allowing older pilots, other aviation reforms
By David Shepardson WASHINGTON (Reuters) – The U.S. House of Representatives is set to vote next week on legislation to raise the mandatory commercial pilot retirement age to 67 from 65 and make[...]
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Chevron opted to buy vs build US LNG processing – gas executive
(Corrects 2nd paragraph to make it “June 2022” instead of “last month”) By Curtis Williams (Reuters) – Chevron Corp is comfortable with buying U.S. liquefied natural gas[...]
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Investors brace for earnings from ‘Magnificent Seven’ US growth giants
By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially[...]
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Teamsters chief says still open to deal with UPS
By Lisa Baertlein LOS ANGELES (Reuters) -The head of the union representing 340,000 United Parcel Service workers on Friday said he’s ready to keep talking with the company, even though his barg[...]
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