(Reuters) – Raymond James missed quarterly profit estimates on Wednesday as Wall Street’s prolonged dealmaking slump impacted its investment banking business, sending its shares down 2% in extended trading. Investment banking revenue in the third-quarter ended June 30 fell 35% to $141 million, compared to a year earlier. M&A activity came to a near standstill…
By Trevor Hunnicutt and Idrees Ali WASHINGTON (Reuters) -U.S. President Joe Biden has ordered his administration to begin sharing evidence of alleged Russian war crimes in Ukraine with the Hague-based International Criminal Court (ICC), a U.S official said on Wednesday. The Pentagon had been resistant to the move and privately argued that any cooperation with…
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell in June after three straight monthly increases, but the trend remained strong as an acute shortage of previously owned homes underpins demand. New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said…
By David Morgan and Katharine Jackson WASHINGTON (Reuters) – The Republican-controlled U.S. House of Representatives began debating the first of 12 fiscal 2024 spending bills on Wednesday, as lawmakers edged toward a looming showdown with the Democratic-led Senate that could trigger a government shutdown this autumn. The House voted 217-206, roughly along party lines, to…
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters. The company also announced new AI tools on Wednesday, including a program for building more conversational customer-service agents, technology access from…
By Milana Vinn and Anirban Sen NEW YORK (Reuters) -Broadcast Music Inc (BMI), the music rights company representing top songwriters such as Lady Gaga, Taylor Swift and Rihanna, is once again exploring options including a sale after it ditched its non-profit model, people familiar with the matter said. BMI has turned to Goldman Sachs Group,…
WASHINGTON (Reuters) – The first of 12 fiscal 2024 spending bills overcame a procedural hurdle in the Republican-controlled U.S. House of Representatives on Wednesday, as lawmakers edged toward a looming showdown with the Democratic-led Senate that could trigger a government shutdown this autumn. The House voted 217-206 to approve a rule allowing debate on an…
By Luc Cohen, Jonathan Stempel and Jody Godoy NEW YORK (Reuters) -The British billionaire Joe Lewis pleaded not guilty on Wednesday to orchestrating what prosecutors called a “brazen” insider trading scheme by passing tips about companies in which he invested to friends, private pilots and a former girlfriend. Lewis, 86, whose family trust controls a…
By Jonathan Landay WASHINGTON (Reuters) – The United States and Russia blamed each other for a lack of progress on arms control following a U.S. proposal to open talks on a “framework” that would preserve curbs on strategic nuclear weapons deployments when the current limits expire in 2026. Russia’s apparent rejection of the plan last…
By Niket Nishant and Tanay Dhumal (Reuters) -Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States. Most banks in the country do not service cannabis companies as marijuana remains illegal at the…
