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 determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the …
Investors brace for earnings from ‘Magnificent Seven’ US growth giants Read More »
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 bargaining committee rejected its latest contract offer. Negotiations between the Teamsters and UPS deadlocked last week, with the world’s biggest package delivery company saying …
Teamsters chief says still open to deal with UPS Read More »
WASHINGTON (Reuters) – Microsoft urged an appeals court in sometimes scathing language on Friday to reject the U.S. Federal Trade Commission’s (FTC) request to pause its $69 billion deal to buy Activision. The agency asked the 9th Circuit Court of Appeals late on Thursday to require the companies to delay consummating the transaction while the …
Microsoft asks court to reject FTC request to pause Activision deal Read More »
By Brendan Pierson (Reuters) -A U.S. appeals court on Friday temporarily blocked a lower court order that had sharply limited certain Biden administration officials’ and agencies’ contacts with social media companies. The ruling from the New Orleans-based 5th U.S. Circuit Court of Appeals means that the administration is not bound, for now, by a July …
Court blocks curbs on US government contact with social media companies for now Read More »
By Bhanvi Satija and Raghav Mahobe (Reuters) -UnitedHealth Group’s quarterly profit beat Wall Street estimates on Friday as a smaller-than-expected jump in medical costs allayed fears that a resumption in long-delayed surgical procedures would hit profit growth. The company’s results allowed investors to breathe a sigh of relief following a $60-billion wipeout in industry market …
UnitedHealth’s lower-than-feared costs lift profit, shares Read More »
By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) – U.S. bank executives warned on Friday that looming higher capital requirements would raise prices for financial products and push activity into less regulated sectors as regulators weigh new rules to cushion against any potential losses. Federal banking regulators are expected to introduce proposals in the …
US banks warn stricter capital rules will raise prices Read More »
(Reuters) – Coinbase retail customers in California, New Jersey, South Carolina and Wisconsin will be unable to pledge new cryptocurrency to the exchange’s staking program pending proceedings the states initiated last month challenging the service, Coinbase said Friday in a blog post. Any cryptocurrencies that users in those states had staked before the orders were …
Coinbase limiting staking service for retail customers in four states Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) -Walt Disney Co asked a Florida judge on Friday to dismiss a lawsuit by a state oversight board as part of the entertainment giant’s effort to pursue its case against Governor Ron DeSantis, the latest development in a year-long feud. Disney urged Judge Margaret Schreiber in Orlando to dismiss …
Disney seeks to toss district lawsuit in DeSantis feud Read More »
By Safiyah Riddle (Reuters) – Friday kicks off a week or more of earnings reports from U.S. banks covering the April-through-June period, the first full quarter of operations for the nation’s lenders following the collapse of Silicon Valley Bank in mid-March. A top 20 bank at the time of its failure, many analysts, economists and …
A look at the state of US bank credit as earnings season begins Read More »
(Reuters) – Creative Artists Agency (CAA), one of Hollywood’s biggest talent agencies, is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault and could fetch a valuation of over $7 billion, Bloomberg News reported on Thursday. Founded in 1975, CAA was at the forefront of packaging Hollywood actors, directors, writers and …
Top Hollywood agency CAA in talks to sell itself to Kering boss -Bloomberg News Read More »
