TOKYO (Reuters) -SoftBank Group Corp’s shares tumbled 5% in early trade on Friday after the Japanese technology investor reported an annual loss as the value of its portfolio slid. SoftBank reported a net loss of 970 billion yen ($7.18 billion) after a sell-down of its stake in Chinese e-commerce giant Alibaba Group Holding Ltd helped…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Thursday rejected an effort to disqualify the law firm defending JPMorgan Chase & Co against a lawsuit by women who claim they were abused by Jeffrey Epstein and that the bank aided in the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in…
By Daniel Trotta and Jorge Garcia SAN DIEGO (Reuters) – Hundreds of migrants from around the world seeking a better life in the United States have instead found themselves trapped in squalid conditions near the Mexican border, tantalizingly close to their destination, and desperate. On the eve of the expiration of Title 42, the COVID-era…
(Reuters) – Russia’s defence ministry on Thursday denied reports that Ukrainian forces had broken through in various places along the front lines and said the military situation was under control. Moscow reacted after Russian military bloggers, writing on Telegram, reported what they said were Ukrainian advances north and south of the city of Bakhmut, with…
By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will rise significantly over the coming month, according to analysts polled by Reuters who were split over whether the risk of a U.S. default was higher or the same as prior stand-offs over the debt ceiling. President Joe Biden and top lawmakers in Congress have about…
(Corrects syntax in headline) (Reuters) – NBCUniversal’s head of advertising, Linda Yaccarino, is in talks to become the new CEO of Twitter, the Wall Street Journal reported on Thursday, citing people familiar with the situation. (This story has been refiled to capitalize ‘Twitter’ in the headline) (Reporting by Urvi Dugar in Bengaluru; Editing by Shinjini…
(Corrects syntax in headline) (Reuters) – NBCUniversal’s head of advertising, Linda Yaccarino, is in talks to become the new CEO of Twitter, the Wall Street Journal reported on Thursday, citing people familiar with the situation. (This story has been refiled to capitalize ‘Twitter’ in the headline) (Reporting by Urvi Dugar in Bengaluru; Editing by Shinjini…
By Dietrich Knauth NEW YORK (Reuters) – SVB Financial, the bankrupt former parent of failed Silicon Valley Bank, said on Thursday the U.S. Federal Deposit Insurance Corporation must release $10 million in tax refund checks owed to the company, escalating a dispute over the agency’s efforts to seize assets in the wake of the bank’s…
(Reuters) -Binance.US and Changpeng Zhao, the crypto exchange’s founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, citing two people familiar with the matter. Zhao, who is also the CEO of Binance – the world’s biggest crypto exchange, has been trying to sell at…
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional banks after posting a drop in deposits. Lifting the Nasdaq, shares of Alphabet Inc rose 4.3%, a day after Google rolled out…
