WASHINGTON (AP) — Charles Evans will retire early next year after 15 years as president of the Federal Reserve Bank of Chicago, a tenure that made him the longest-serving current regional Fed president, the bank announced Thursday. Among Fed officials, Evans has been a vocal supporter of lower interest rates. His departure comes as the…
(Reuters) -Russia’s central bank will consider cutting its key interest rate further at upcoming board meetings, Governor Elvira Nabiullina said on Thursday, flagging economic challenges the country faces as it tries to blunt the impact of Western sanctions over Ukraine. Nabiullina also said Russia is looking at adjustments to its foreign exchange controls to avoid…
By Nivedita Balu (Reuters) -Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity…
NEW YORK (AP) — CNN is shutting down its CNN+ streaming service less than a month after its launch, a spectacular flameout for a venture that had attracted stars like Chris Wallace and Alison Roman and was seen as a way to attract a new generation of news consumers. It had started March 29, shortly…
DALLAS (AP) — U.S. airlines say they have hit a turning point: After a lousy first quarter, they expect to be profitable as Americans return to travel in the biggest numbers since the start of the pandemic. American Airlines is the latest carrier to give a rosy outlook for the rest of 2022. American said…
LONDON (Reuters) -Exxon Mobil Corp is considering a complete withdrawal from Russia by June 24, two sources familiar with plans told Reuters on Thursday, following the U.S. oil major’s earlier decision to exit all operations in the country. Exxon Mobil has not provided a timetable for the withdrawal but last month removed employees who are…
(Reuters) – Warner Bros Discovery is shutting down its CNN+ streaming service, Variety reported on Thursday, citing people familiar with the matter. The media firm is expected to provide details to employees on Thursday, according to the report https://variety.com/2022/tv/news/cnn-plus-shut-down-warner-bros-discovery-1235237913. Warner Bros Discovery did not immediately respond to a Reuters request for comment. (Reporting by Eva…
Amazon is extending the benefits of a Prime subscription to online stores beyond its own site, a move geared toward boosting revenue from merchant fees and expanding its logistics footprint. The company said Thursday the new service it calls “Buy with Prime,” will initially be available by invitation for merchants who ship their products using…
By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON (Reuters) – As Russia teeters on the brink of a historic default, foreign investors in the country’s debt have few palatable options to recover their money: bet on costly legal action, trust bilateral agreements will stand, or sit on their hands. Foreign creditors would typically try to…
In 2019, the NotPetya cyberattack cost U.S. multinationals approximately $10 billion in damages. NotPetya was malware used by Russian hackers to attack Ukraine, but it went beyond its intended target. It was the largest single attack by a state-sponsored entity in the history of the World. Again, this was an unintended strike on the U.S…..
