By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended down slightly on Friday, with bank and financial shares mostly lower on the day following quarterly reports that kicked off earnings season, but all three major U.S. stock indexes posted solid weekly gains. Offsetting some of the declines, UnitedHealth Group’s stock rallied following its…
By Tom Westbrook, Rae Wee and Hannah Lang SINGAPORE/WASHINGTON (Reuters) – Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security. A U.S. judge said on Thursday that Ripple Labs Inc did…
By Rollo Ross and Danielle Broadway LOS ANGELES (Reuters) -Striking Hollywood actors joined film and television writers on picket lines for the first time in 63 years on Friday, cheering and chanting outside major studios with calls for higher streaming-era pay and curbs on use of artificial intelligence. The twin strikes will add to the…
By David Shepardson WASHINGTON (Reuters) – The U.S. House of Representatives is set to vote next week on legislation to raise the mandatory commercial pilot retirement age to 67 from 65 and make other aviation reforms, Republican House leaders said Friday. The House bill, approved 63-0 by the Transportation Committee in June, would reauthorize Federal…
(Corrects 2nd paragraph to make it “June 2022” instead of “last month”) By Curtis Williams (Reuters) – Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company’s head of global gas. The second largest U.S. oil and…
(Reuters) – Top oilfield services firm SLB on Friday said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions. SLB, the world’s largest oil service and equipment provider, was one of the few providers to continue working the country’s oil sector following Russia’s invasion…
By David Carnevali (Reuters) -MoonLake Immunotherapeutics, a developer of an antibody-derived treatment for inflammatory skin conditions, is exploring a sale, according to people familiar with the matter. The company is working with an investment bank and is having early-stage conversations with drugmakers interested in a potential acquisition, the sources said. The sources added that no…
By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the…
By Lisa Baertlein LOS ANGELES (Reuters) -The head of the union representing 340,000 United Parcel Service workers on Friday said he’s ready to keep talking with the company, even though his bargaining committee rejected its latest contract offer. Negotiations between the Teamsters and UPS deadlocked last week, with the world’s biggest package delivery company saying…
By Jaiveer Shekhawat (Reuters) -Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday. The layoffs at the world’s biggest crypto exchange come at a time when the industry’s future in the U.S. market is uncertain, with…
