By Caroline Valetkevitch NEW YORK (Reuters) -The forecast for second-quarter S&P 500 earnings is looking slightly improved from a week ago, although it remains weak with results in from more than half of the S&P 500 companies, Refinitiv data showed Friday. Second-quarter earnings for S&P 500 companies now are estimated to have fallen 6.4% year…
By Josh Smith and Hyunsu Yim SEOUL (Reuters) – Chinese and Russian officials stood shoulder to shoulder with North Korean leader Kim Jong Un as they reviewed his newest nuclear-capable missiles and attack drones at a military parade in the capital, North Korean state media showed on Friday. The widely anticipated parade in Pyongyang the…
(Reuters) – Russia’s Wagner mercenary group is ready to increase its presence in Africa, its leader Yevgeny Prigozhin told an African news outlet in an audio interview published online earlier this week. “We aren’t reducing (our presence), moreover we’re ready to increase our various contingents,” Prigozhin told Cameroon-based Afrique Media. The telephone interview was posted…
(Reuters) – Southwest Airlines has exercised options for the delivery of 30 Boeing 737 MAX 7 planes next year, and converted 24 existing MAX 7 orders to MAX 8, the company said in an SEC filing on Friday. The move comes two days after Boeing said the first delivery of the 737 MAX 7 was…
By David Shepardson (Reuters) -The backup safety driver behind the wheel of a self-driving Uber Technologies test vehicle that struck and killed a woman in Tempe, Arizona, in 2018 pleaded guilty on Friday and was sentenced to probation, prosecutors said. Rafaela Vasquez, who was charged with negligent homicide in 2020, pleaded guilty to endangerment, a…
By Hannah Lang (Reuters) -U.S. banks should incorporate the Federal Reserve’s emergency lending facility known as the “discount window” as part of their contingency funding plans, federal banking regulators said in updated guidance on Friday. The discount window is “an important tool” banks can use to manage liquidity risk, bank regulators including the Federal Reserve…
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried must be jailed pending his October fraud trial over the collapse of the FTX cryptocurrency exchange he founded because he is trying to intimidate witnesses and influence their testimony, prosecutors said on Friday. Bankman-Fried, a former billionaire, has lived mainly under house arrest at his parents’…
By Caroline Valetkevitch NEW YORK (Reuters) – Shares of video streaming company Roku Inc closed Friday at their highest level in a little more than a year after it gave an upbeat quarterly revenue forecast. Roku’s stock, which rose 31.4% to $89.61 in its biggest daily percentage gain since November 2017, has more than doubled…
By David Lawder WASHINGTON (Reuters) -The White House on Friday revised its fiscal 2023 U.S. budget deficit forecast to $1.543 trillion, a decrease of $26 billion from its March budget forecast, due largely to a major reduction in outlays after the Supreme Court struck down President Joe Biden’s student loan forgiveness program in June. The…
(Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, according to the regulator’s website. The portfolio comprises 201 performing capital-call loans tied to Starwood Capital Group, Carlyle Group,…
