By Chris Prentice and Brenna Hughes Neghaiwi NEW YORK/ZURICH (Reuters) – Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation published by U.S. lawmakers on Thursday. The bank failed to include numerous relevant records…
(Reuters) – Pfizer Inc said on Thursday its updated COVID-19 shot, which is being tested against emerging variants, showed neutralizing activity against the “Eris” subvariant in a study conducted on mice. Pfizer, along with its German partner BioNTech SE, as well as other COVID-19 vaccine makers Moderna and Novavax have created versions of their shots,…
By Siddharth Cavale and Aishwarya Venugopal NEW YORK (Reuters) – Resilient U.S. consumer spending drove Walmart’s better-than-expected second-quarter results and forecast hike but its international business on Thursday posted its best quarterly performance in several years. The retail behemoth’s international business, which spans 19 countries, posted a 13.3% jump in sales during the second quarter,…
By Rachel Nostrant (Reuters) – A Kansas county prosecutor has directed state law enforcement agencies to return computers, phones and other equipment confiscated from a small-town U.S. newspaper, saying there was insufficient evidence of a crime to support a police raid condemned by free press advocates. Marion County Attorney Joel Ensey said he was withdrawing…
By Hannah Lang WASHINGTON (Reuters) – The dollar index hovered near a two-month high on Thursday after Federal Reserve meeting minutes left the door open for more rate hikes and data this week indicated a resilient U.S. economy. Investors continue to closely watch the Japanese yen, which touched the key 145 level for the first…
(Reuters) – Allegiant Travel said on Thursday it has ratified a two-year extension of a contract agreement with Teamsters union representing some of its workers. Allegiant Air carrier parent said the agreement provides for significant increases in compensation rates and extends the contract by two years till Oct. 31, 2028 for 683 workers. The employee…
By Bhanvi Satija and Patrick Wingrove (Reuters) -Blue Shield of California plans to stop using most of CVS Health’s pharmacy benefit management services and work with others, including Amazon.com and Mark Cuban’s drug firm, in a bid to reduce drug costs for its insurance plan members. The non-profit insurer, which serves roughly 4.8 million members,…
By Safiyah Riddle (Reuters) – U.S. mortgage rates surged this week, with the popular 30-year fixed rate hitting the highest level in more than 21 years, further complicating the housing market outlook. The average 30-year rate shot up to 7.09%, the highest level since April 2002, from 6.96% in the prior week, mortgage finance agency…
(Reuters) -A fresh bout of U.S. regulatory scrutiny is setting off a hiring spree at Goldman Sachs, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The Wall Street bank is enlisting several hundred new staffers to help address concerns from authorities including the Federal Reserve, according to the report. “We are…
(Reuters) -Elon Musk-owned SpaceX’s surging revenue helped it turn a small profit in the first quarter of 2023 after two annual losses, the Wall Street Journal reported on Thursday, citing documents. The company generated $55 million in profit on $1.5 billion in revenue during the January-to-March period, according to the report. SpaceX did not immediately…
