By Emily Rose JERUSALEM (Reuters) -The U.S. should invite Israeli Prime Minister Benjamin Netanyahu to the White House for an official visit, U.S. House of Representatives Speaker Kevin McCarthy said on Monday, as a customary invitation has not been extended in the five months since Netanyahu’s election. “I expect the White House to invite the…
BEVERLY HILLS, California (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Monday she expects more weaknesses to be exposed in the banking sector, only hours after First Republic Bank was rescued by JPMorgan Chase . Speaking at the 2023 Milken Institute Global Conference in Beverly Hills, California, Georgieva immediately addressed the biggest topic…
JERUSALEM (Reuters) – Israeli parties have made no progress towards a compromise over the government’s bitterly disputed judicial overhaul package after a month of meetings, Benny Gantz, head of one of the largest opposition parties, said on Monday. The planned overhaul, which would give the government control over naming judges to the Supreme Court and…
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – The weekend rescue of troubled lender First Republic Bank has done little to allay options traders’ concerns about the overall health of U.S. regional banks. The 30-day implied volatility on the SPDR S&P Regional Banking ETF – a measure of expected near-term price swings…
WASHINGTON (Reuters) – The International Monetary Fund (IMF) appreciates quick action by U.S. regulators to seize First Republic Bank and find a private buyer, an IMF spokesperson said on Monday. It said the resilience of the global financial system continued to be tested and strains were evident across a number of institutions and markets. “Recent…
By Ananya Mariam Rajesh and Anne Florentyna Gnanaraja Sekar (Reuters) -Norwegian Cruise Line Holdings Ltd raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on higher ticket pricing, pent-up demand and robust on-board spending from wealthy customers, sending shares of the company up 6%. Easing of COVID-19 protocols on ships after…
WASHINGTON (Reuters) – The Biden administration plans to study companies’ use of technology to monitor and manage workers, which it said on Monday is becoming increasingly common and can cause “serious risks to workers.” The White House Office of Science and Technology Policy, in a blog post, sought comments from employees about their experience with…
WASHINGTON (Reuters) – The Biden administration plans to study companies’ use of technology to monitor and manage workers, which it said on Monday is becoming increasingly common and can cause “serious risks to workers.” The White House Office of Science and Technology Policy, in a blog post, sought comments from employees about their experience with…
By Anirban Sen and David French NEW YORK (Reuters) – Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank on Sunday before it was sold to JPMorgan Chase & Co, people familiar with the matter said. PNC Financial Services Group and Citizens Financial Group Inc were the other final-round…
(Reuters) – The American Civil Liberties Union (ACLU) sued Montana and its Republican House Speaker on Monday, accusing them of violating a Democratic transgender legislator’s First Amendment rights by barring her from the House floor after she protested a bill banning gender-affirming healthcare for minors. Montana’s governor signed the bill into law on Friday, two…
