BELGRADE, Serbia (AP) — Ukraine on Monday rejected as baseless and false the accusations made by Serbia’s president that Ukraine’s secret service is behind a series of hoax bomb threats against Air Serbia flights to Russia. Serbian President Aleksandar Vucic has claimed that the foreign intelligence services of Ukraine and an unidentified European Union nation…
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -U.S. stocks fell on Monday as bond yields surged to three-year highs on expectations of an aggressive tightening in monetary policy, while financials rose after Bank of America rounded out earnings for big Wall Street banks with a profit beat. Market participants are bracing for a barrage…
By Ross Kerber BOSTON (Reuters) – Median pay for top U.S. CEOs rose 31% last year to a record $20 million, a new study found, surging after a slight decline during the COVID-19 pandemic, as companies showered leaders with stock awards and cash bonuses. Chief executives receiving big pay increases included the leaders of tech…
DETROIT (AP) — Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move. The social media company has adopted a “poison pill” defense that makes it difficult for Musk or any other investor to buy Twitter without…
(Reuters) – U.S. households expect home prices and rents to rise sharply this year, and while growth in both are then seen slowing, renters see their chances of ever owning a home fading fast, according to a new survey by the Federal Reserve Bank of New York. Home prices are expected to increase 7% in…
By Dietrich Knauth (Reuters) -Johnson & Johnson said on Monday it agreed to pay $99 million to settle claims by West Virginia that it helped fuel an opioid addiction crisis in the state, removing the company from an ongoing trial that began earlier this month. West Virginia is still pursuing claims against Teva Pharmaceuticals Industries…
BERLIN (AP) — Germany’s employers and unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of Ukraine, saying such a move would lead to factory shutdowns and the loss of jobs in the bloc’s largest economy. “A rapid gas embargo would lead to loss…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to 3.2% from 4.1%, due to the impacts from Russia’s invasion of Ukraine, World Bank President David Malpass said on Monday. Malpass told reporters on a conference call that the…
By Michelle Price and Elizabeth Dilts Marshall WASHINGTON (Reuters) – With soaring interest rates scaring off would-be mortgage borrowers, the outlook for banks’ home lending portfolios is gloomy, according to first quarter filings and analysts. The average interest rate on a 30-year fixed-rate mortgage, the most popular home loan, rose to 5.13% in the week…
WASHINGTON (AP) — The Supreme Court on Monday rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal tax deductions for state and local taxes. The lawsuit had previously been dismissed by lower courts. It argued that the Republican-led tax law, signed by then-President Donald Trump,…
