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(Reuters) -U.S. satellite TV provider DirecTV on Thursday challenged a dismissal of FuboTV’s lawsuit against Venu Sports, the streaming service planned by Walt Disney , Fox Corp and Warner Bros Discovery Inc, saying it does not resolve antitrust issues around the joint venture.  DirecTV’s challenge marks the latest development in a battle between media companies …

DirecTV challenges dismissal of Fubo’s claims against Venu Sports Read More »

(Reuters) – Federal Reserve Governor Michelle Bowman on Thursday said she supported last month’s interest-rate cut as the “final step” in the U.S. central bank’s monetary policy recalibration, with rising inflation risks dictating a cautious approach ahead. “We should also refrain from prejudging the incoming administration’s future policies,” Bowman said in remarks prepared for delivery …

Fed’s Bowman: supported Dec. rate cut as ‘final’ recalibration step Read More »

By Nate Raymond (Reuters) -Kroger has agreed to pay $110 million to resolve a lawsuit by the state of Kentucky alleging the supermarket chain’s pharmacies helped fuel a deadly opioid epidemic by flooding its communities with hundreds of millions of doses of addictive painkillers. The settlement was announced on Thursday by Kentucky Attorney General Russell …

Kroger to pay $110 million to resolve Kentucky lawsuit over opioid epidemic Read More »

(Reuters) – Southwest Airlines on Thursday said Executive Vice President and Chief Financial Officer Tammy Romo will retire from the role effective April 1, after more than three decades with the airline. The Dallas-based carrier said it will begin a search for Romo’s replacement. Romo joined Southwest in 1991 and has held several leadership roles, …

Southwest Airlines’ CFO Tammy Romo to retire on April 1 Read More »

WASHINGTON (Reuters) – Hiring announcements by U.S. employers last year were the lowest since 2015, a report showed on Thursday, confirming a sharp moderation in job growth over that period. Global outplacement firm Challenger, Gray & Christmas said companies announced 769,953 hiring plans, down 1.3% from 2023. Hiring announcements dropped to 7,999 in December from …

US hiring announcements in 2024 lowest in nine years Read More »

WASHINGTON (Reuters) – U.S. mortgage rates increased to a fresh six-month high this week, a trend that together with elevated house prices could further squeeze potential buyers from the market. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.93%, the highest level since early July, from 6.91% last week, mortgage finance agency …

US 30-year fixed-rate mortgage rate hovers just under 7% Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins said Thursday that significant uncertainty over the outlook calls for the central bank moving forward cautiously with future rate cuts. “With an economy that is in a good place overall and policy already closer to a more neutral stance, …

Fed’s Collins says now is time for patient, gradual approach to rate cuts Read More »

(Reuters) – Wall Street giant Morgan Stanley promoted 173 of its employees to managing director roles this year, marking a 12% increase from 2024, a source close to the matter told Reuters on Wednesday. Bank of America also promoted more employees to managing director roles in December, as dealmakers at the biggest U.S. banks prepare …

Morgan Stanley promotes 173 employees to managing directors, source says Read More »