By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended with fractional gains on Friday following mixed earnings results as investors assessed how conflicting economic data might influence interest rates and looked ahead to a massive week of corporate reports. A survey showed U.S. business activity accelerated to an 11-month…
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended with fractional gains on Friday following mixed earnings results as investors assessed how conflicting economic data might influence interest rates and looked ahead to a massive week of corporate reports. A survey showed U.S. business activity accelerated to an 11-month…
By Tim Reid, Alexandra Ulmer and Nathan Layne (Reuters) -Current and former Republican Party operatives who have spent years trying to banish Donald Trump from American political life say the former president’s 2024 campaign has begun to gain so much steam that they fear he is by far the favorite to become the party’s presidential…
(Reuters) -SVB Financial Group’s CEO and chief financial officer resigned this week while the collapsed lender’s restructuring committee appointed a turnaround expert as interim CFO, according to a regulatory filing on Friday. CEO Gregory Becker resigned on April 19, while finance chief Daniel Beck left the company on April 18, SVB said. The two top…
(Reuters) -SVB Financial Group’s CEO and chief financial officer resigned this week while the collapsed lender’s restructuring committee appointed a turnaround expert as interim CFO, according to a regulatory filing on Friday. CEO Gregory Becker resigned on April 19, while finance chief Daniel Beck left the company on April 18, SVB said. The two top…
By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden on Friday signed an executive order directing every single federal agency to work toward “environmental justice for all” and improve the lives of communities hit hardest by toxic pollution and climate change. The order will establish a new Office of Environmental Justice within the White House…
By Leah Douglas (Reuters) – Food banks across the United States are straining to meet spiking demand as high food costs and shrinking federal benefits drive scores of Americans to depend on free groceries, just as Republicans seek to narrow access to food assistance. President Joe Biden, who this week criticized Republicans’ proposals to further…
By David Lawder WASHINGTON (Reuters) -Top U.S. regulators on Friday proposed new rules to speed the assessment of financial stability risks and make it easier to designate non-bank institutions as systemically important, subjecting them to Federal Reserve supervision. The multi-regulator Financial Stability Oversight Council released the proposals for public comment just over a month after…
By Blake Brittain (Reuters) – Computer-memory company Netlist Inc convinced a federal jury in Texas on Friday to award it more than $303 million for Samsung Electronics Co’s infringement of several patents related to improvements in data processing. The jury in Marshall, Texas determined after a six-day trial that Samsung’s “memory modules” for high-performance computing…
By Matt McKnight and Daniel Trotta BROOMFIELD, Colorado (Reuters) -Colorado-based Biofire Tech is taking orders for a smart gun enabled by facial-recognition technology, the latest development in personalized weapons that can only be fired by verified users. But in a sign of the long, challenging road that smart guns have faced, a prototype twice failed…
