By Joseph Ax (Reuters) – A federal appeals court on Thursday upheld several Republican-backed voting restrictions in Florida, overruling a lower court judge who had found the laws intentionally discriminated against minority voters. In a split 2-1 decision, a panel of judges at the 11th U.S. Circuit Court of Appeals said the evidence did not…
(Reuters) -Wireless carrier T-Mobile US Inc missed Wall Street estimates for first-quarter revenue and wireless subscriber additions on Thursday, weighed down by intense competition and consumers postponing upgrades to their plans. High inflation and macro economic challenges have forced consumers to cut back spending even as rivals undercut each other with cheaper and bundled offerings,…
(Reuters) -Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one of the first steps by the new Chief Executive David Risher, sending its shares up by about 1% on Thursday. Risher, who took over earlier this month, had recently said the company will “significantly” cut…
(Reuters) -Gilead Sciences Inc on Thursday reported a lower-than-expected first-quarter profit as sales from COVID-19 antiviral Veklury declined more than anticipated, and its shares fell more than 2%. Sales of the hospital-administered drug also know as remdesivir plunged 63% to $573 million for the quarter, well off analysts’ estimates of $697.6 million. The company said…
LONDON/BOGOTA (Reuters) -Colombia’s incoming finance minister Ricardo Bonilla and President Gustavo Petro sought to calm the market on Thursday as the peso currency, bonds and the stock exchange fell following the surprise ouster of Bonilla’s predecessor. Petro named Ricardo Bonilla to the post in a Cabinet reshuffle on Wednesday, replacing Jose Antonio Ocampo. The currency…
(Reuters) – The FBI carried out a search on Thursday morning at the Potomac, Md., home of former FTX executive Ryan Salame, the New York Times reported, citing two people with knowledge of the matter said. The FBI, Salame and his attorney did not immediately respond to Reuters requests for comment. Days before FTX filed…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday and Treasury yields resumed their climb as strong earnings helped investors look past signs of economic weakness. All three major U.S. stock indexes surged in a broad rally, with megacap tech and tech-related companies boosting the Nasdaq to its biggest one-day…
BERLIN (Reuters) – German media group ProSiebenSat.1 said on Thursday it was replacing its chief financial officer and proposing slashing this year’s dividend as it announced a nearly 20% drop in operating profit in 2022 to 678 million euros ($747.56 million). The board will propose to the annual general meeting (AGM) a dividend of 0.05…
By Katharine Jackson WASHINGTON (Reuters) – The U.S. Senate on Thursday fell short of the votes needed to enshrine equal rights for women in the Constitution, a century after a guarantee of gender equality was proposed in Congress. With a 51-47 vote in favor, Senate Democrats and supporters were nine votes shy of the 60…
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -Coinbase Global has reiterated its view to the U.S. Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday. Coinbase CEO Brian Armstrong and Chief Legal Officer…
