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(Reuters) – Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank’s collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday. About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign …

Fed says 1,804 banks and other institutions tapped emergency lending facility Read More »

By Greg Bensinger (Reuters) – Amazon.com’s advertising executive Colleen Aubrey, a member of the elite internal team advising the CEO, is moving to a new undisclosed position at the company. Spokeswoman Kristin Mariani said Aubrey’s new position would be announced later. She has held the role for nearly three years. Aubrey is a member of …

Amazon ad exec Aubrey steps aside for new role Read More »

(Reuters) – Shares of Paramount Global rose more than 9% in premarket trade on Friday, after Reuters reported Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire the media company. Paramount is currently engaged in exclusive deal talks with Skydance Media, an independent studio led by David Ellison, though some …

Paramount jumps on report of Sony Pictures, Apollo discussing joint buyout bid Read More »

(Reuters) – Netflix’s shares fell as much as 6.22% to $572.58 in premarket trading on Friday after the company unexpectedly said it would no longer provide subscriber counts, while its second-quarter revenue forecast fell short of Wall Street expectations. The video streaming pioneer’s revenue target for the current quarter missed analysts’ average estimate of $9.54 …

Netflix slips after stopping subscriber tally report, downbeat Q2 revenue forecast Read More »

By Nate Raymond (Reuters) – U.S. gun manufacturers on Thursday asked the U.S. Supreme Court hear their challenge to Mexico’s $10 billion lawsuit seeking to hold them responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico border. Eight companies including Smith & Wesson Brands and Sturm, Ruger & Co in …

Gun makers urge US Supreme Court to hear appeal in Mexico’s lawsuit Read More »

By Indradip Ghosh BENGALURU (Reuters) -The U.S. Federal Reserve will wait until September to cut its key interest rate, according to a majority of 100 economists polled by Reuters, with half saying there will be only two cuts this year and only about a third forecasting more. That change in the outlook – from a …

Fed to cut rates in September and maybe once more this year Read More »

(Reuters) – Wall Street’s “fear gauge” hit its highest in more than five months on Friday due to a sharp pullback in interest U.S. rate cut expectations and escalating geopolitical tensions. The CBOE Volatility index, an options-based measure of investor expectations for near-term stock market gyrations, hit 21.33 points, crossing the psychological mark of 20 …

Wall Street’s “fear gauge” at over 5-month high on rate cut, Mideast worries Read More »

By Nupur Anand and Svea Herbst-Bayliss NEW YORK (Reuters) -Two senior JPMorgan Chase dealmakers, Andy Lipsky and Haidee Lee, are leaving the bank, two sources familiar with the matter said on Thursday. Lipsky, JPMorgan’s vice chair of investment banking, helped advise industrial companies including General Electric on big deals. He reported to Jay Horine, co-head …

Exclusive-JPMorgan dealmakers Lipsky and Lee are leaving the bank, sources say Read More »

By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers are coalescing around the idea of keeping borrowing costs where they are until perhaps well into the year, given slow and bumpy progress on inflation, and a still-strong U.S. economy. On Thursday New York Fed President John Williams became the latest U.S. rate-setter to …

Fed policymakers coalesce around ‘no rush’ on rate cuts Read More »