(Reuters) – Duke Energy Corp said on Thursday that its Florida unit would start construction of about 1 megawatt floating solar array pilot later this month in Polk County. The pilot will feature more than 1,800 floating solar modules and occupy about 2 acres of water surface at the company’s Hines Energy Complex in Bartow, …
Duke Energy to start construction of floating solar pilot in Florida Read More »
(Reuters) – The San Francisco Bay area will phase out natural gas-powered furnaces and water heaters beginning in 2027 to improve local air quality and public health. It is the latest move by local officials in the United States to eliminate natural gas, a fossil fuel, from heating homes and buildings. California has been at …
San Francisco Bay area to phase out natural gas heating appliances Read More »
By Ann Saphir and Lindsay Dunsmuir (Reuters) -With the bulk of relevant economic data now in hand ahead of their policy meeting next week, U.S. central bankers are seen pressing on with their inflation-fighting campaign with a quarter-point interest-rate hike that just days ago looked possibly derailed by turmoil in the banking sector. The move, …
Fed seen delivering quarter-point rate hike next week Read More »
By Lisa Baertlein and Kannaki Deka (Reuters) -FedEx Corp on Thursday raised its fiscal 2023 profit forecast, citing progress on its plan to shave $3.7 billion in costs from the global delivery firm’s operations. Shares jumped 9.2% to $222.75 in extended trading after executives boosted their fiscal 2023 adjust profit forecast to $13.80 to $14.40 per …
FedEx raises fiscal 2023 earnings forecast, shares soar Read More »
TORONTO (Reuters) – Canada’s main stock index closed higher on Thursday, rebounding from initial losses on news that First Republic Bank received $30 billion in deposits from several big banks as part of a rescue package. Shares of First Republic and other banks have slumped on fears of a contagion after the collapse of SVB …
Toronto stocks recover after First Republic rescue package Read More »
By Michael S. Derby NEW YORK (Reuters) – Banks sought record amounts of emergency liquidity from the Federal Reserve over recent days in the wake of the failure of Silicon Valley Bank and Signature Bank, driving up the size of the Fed’s balance sheet after months of contraction, central bank data on Thursday showed. Banks …
Banks sought record Fed liquidity in wake of SVB collapse Read More »
By David Carnevali NEW YORK (Reuters) – A strong rebound by financials helped Wall Street’s main indexes close firmly positive on Thursday, after some of the country’s largest lenders came to the rescue of embattled First Republic Bank. The technology sector also contributed to the gains, helping to boost the Nasdaq Composite to its strongest …
Wall Street closes higher as First Republic helps lift banks Read More »
(Reuters) -The pressure on small and mid-sized U.S. banks following the swift downfall of SVB Financial Group could further slow the economy, and will likely raise the probability of a recession this year, analysts at Wall Street said. J.P.Morgan said regulatory scrutiny on smaller banks and a run on deposits will hamper loan growth. With …
Goldman Sachs, JPM expect hit to US economic growth from SVB crisis Read More »
(Reuters) – Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s new management said. Overall more than $3.2 billion was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday. These payments were made chiefly from …
FTX transferred $2.2 billion to Bankman-Fried via related entities, new managers say Read More »
By Stefania Spezzati and John O’Donnell LONDON (Reuters) -Switzerland’s radical pledge to bankroll Credit Suisse Group AG has won the embattled lender the chance to resurrect itself from an almost complete collapse in confidence that rattled global markets. The move, tantamount to a blank cheque from one of the globe’s leading central banks, is reminiscent …
Analysis-Swiss blank cheque wins some time for Credit Suisse Read More »
