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,…
(Reuters) – The U.S. Food and Drug Administration has approved the prescription-free sale of the second opioid overdose reversal drug, its manufacturer Harm Reduction Therapeutics said on Friday. The approval of the drug, called RiVive, will provide patients with another over-the-counter option in the United States, where drug-related overdose deaths surpassed 100,000 in 2021. Harm…
By David Shepardson WASHINGTON (Reuters) -Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue. The recall covers 2021 through 2023 model year F-150 trucks, according to a filing with the National…
(Reuters) – Fox and Flutter Entertainment plan to wind down their sports-betting business called Fox Bet starting as early as next month, Bloomberg News reported on Friday, citing people familiar with the plans. Flutter will retain the customer database and market-access agreements associated with the business, while Fox will keep rights to the brand and…
By Clark Mindock and Timothy Gardner (Reuters) – The White House on Friday proposed reforms to the environmental review process for new energy projects that it said would help speed up permitting for electric transmission and other projects needed to curb emissions linked to climate change. The proposal would revise National Environmental Policy Act (NEPA)…
