By David Randall NEW YORK (Reuters) – Hedge fund manager Michael Burry, who rose to fame with his bets against the U.S. housing market before the 2008 financial crisis, added new positions in several regional banks during a tumultuous first quarter for the sector, according to securities filings released on Monday. Burry’s Scion Asset Management’s…
MEXICO CITY (Reuters) – Mexico’s economy ministry is urging the U.S. state of Texas to remove inspections of cargo crossing the border, which it said in a statement on Monday is causing millions of dollars in losses for U.S. and Mexican firms. The Mexican government will file a complaint with the trade facilitation committee under…
By Hannah Lang (Reuters) – Greg Becker, the former chief executive officer of Silicon Valley Bank, is set to appear before the U.S. Congress on Tuesday, two months after the collapse of his bank sparked panic among bank customers and investors, forcing the government to backstop deposits. California banking regulators moved quickly to shut down…
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Monday said if he were voting on monetary policy today he would vote to hold interest rates steady, but added there is still a lot of data to come before the Fed’s meeting in June. Bostic told Bloomberg TV he feels businesses have less pricing…
By Joey Roulette WASHINGTON (Reuters) – Elon Musk’s SpaceX has tapped NASA’s former human spaceflight boss Kathy Lueders to help oversee development of the company’s moon and Mars rocket called Starship, a person familiar with the hire said on Monday. Lueders, the second former NASA human spaceflight chief to retire and move to SpaceX in…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Monday allowed a challenge by an Alabama death row inmate who sued months before surviving a botched execution claiming that the state’s troubled lethal injection process would violate constitutional protections against cruel and unusual punishment. In an unusual case that has returned to the justices because…
By David French and Mrinalika Roy (Reuters) – Activist investor Elliott Investment Management LP is calling for a boardroom overhaul and strategic changes at NRG Energy after taking a position in the U.S. power company for the second time in six years. The investment firm, which also pushed for changes at NRG in 2017, wants…
By Gabrielle Tétrault-Farber and Emma Farge GENEVA (Reuters) -Former White House adviser Amy Pope was elected to head the U.N. migration agency, prevailing on Monday in a tense contest against a Portuguese incumbent who had the support of European countries. The International Organization for Migration (IOM) said Pope would become the first woman to lead…
PARIS (Reuters) – The Paris prosecutor has opened a judicial inquiry into planned obsolescence of Apple products, a spokesperson for the prosecutor said on Monday, confirming an AFP report. “Following a complaint, an investigation was opened in December 2022 into deceptive marketing practices and programmed obsolescence,” the spokesperson said, adding that the complaint had been…
By Sarah N. Lynch and Tyler Clifford WASHINGTON (Reuters) -Migrant crossings at the U.S.-Mexico border have unexpectedly fallen, not risen, since Title 42 curbs expired and reinstating criminal penalties for illegal entry is likely the biggest reason, the Biden administration said on Sunday. U.S. Homeland Security Secretary Alejandro Mayorkas said border patrol agents have seen…
