First Republic notches modest gain after steep sell-off
By Niket Nishant and Chibuike Oguh (Reuters) – First Republic Bank’s shares rebounded on Thursday from a steep sell-off that…
Business
Fed emergency lending to banks ticks up modestly in latest week
By Michael S. Derby (Reuters) -Federal Reserve emergency lending to banks rose modestly in the latest week and remained at…
Democrats, Republicans dig in on debt-ceiling standoff after House action
By David Morgan and Richard Cowan WASHINGTON (Reuters) – The U.S. Senate showed no sign of moving to avoid a…
T-Mobile misses estimates for quarterly revenue, wireless subscriber additions
(Reuters) -Wireless carrier T-Mobile US Inc missed Wall Street estimates for first-quarter revenue and wireless subscriber additions on Thursday, weighed…
Lyft to lay off more than 1,000 employees in cost-cut push
(Reuters) -Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one…
Gilead profit misses Wall Street expectations as COVID drug sales decline
(Reuters) -Gilead Sciences Inc on Thursday reported a lower-than-expected first-quarter profit as sales from COVID-19 antiviral Veklury declined more than…
FBI searches home of top FTX executive – NYT
(Reuters) – The FBI carried out a search on Thursday morning at the Potomac, Md., home of former FTX executive…
Wall Street notches biggest gain in months, Treasury yields rise on solid earnings
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday and Treasury yields resumed their climb…
ProSieben to slash dividend, replaces chief financial officer
BERLIN (Reuters) – German media group ProSiebenSat.1 said on Thursday it was replacing its chief financial officer and proposing slashing…
Coinbase rejects U.S. regulator’s claim it broke rules on crypto
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -Coinbase Global has reiterated its view to the U.S. Securities and…