By Aditya Soni (Reuters) -Walt Disney Co shares ended down more than 8% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company could be sacrificing growth in its bid to stem losses. The decline erased about $16 billion from the company’s market value and marked the stock’s…
WASHINGTON (Reuters) – The United States is already seeing high number of border encounters in certain areas, U.S. Homeland Security Secretary Alejandro Mayorkas said on Thursday ahead of a COVID-19 immigration restriction called Title 42’s midnight expiration. “Our borders are not open,” Mayorkas told reporters at a White House briefing, warning of tougher consequences for…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged 23% on Thursday after the Los-Angeles-based lender said its deposits declined and that it had posted more collateral to the U.S. Federal Reserve to boost its liquidity. PacWest deposits fell 9.5% or $1.5 billion last week, with the majority of those outflows occurring…
NEW YORK (Reuters) – Emergency liquidity borrowing from the Federal Reserve was little changed in the latest week, the central bank reported on Thursday. The Fed said that borrowing via its discount window stood at $9.3 billion on Wednesday, from $5.3 billion on May 3, while its Bank Term Funding Program lending moved to $83.1…
NEW YORK (Reuters) – Robinhood Markets Inc said on Wednesday after markets closed that it would launch 24/5 trading for some stocks and exchange-traded funds (ETFs) next week, a move that taps into a growing trend of around-the-clock trading in equities. With the launch, Robinhood will be the first major U.S. retail broker to allow…
By David Shepardson WASHINGTON (Reuters) – The pilot of a small private plane who posted a video of himself intentionally crashing his airplane in California and then destroyed the wreckage has agreed to plead guilty to a felony charge, the U.S. Justice Department said on Thursday. Trevor Daniel Jacob, a 29-year-old “YouTuber pilot,” from Lompoc,…
DUBAI (Reuters) – The chairman of Abu Dhabi-based conglomerate Royal Group, Sheikh Tahnoon bin Zayed Al Nahyan, said on Thursday that the company has identified a number of “outstanding” investment opportunities in the U.S. market that it plans to pursue. “First and foremost, I’d like to reiterate that I firmly believe in the stability and…
By Curtis Williams HOUSTON (Reuters) – The U.S. Department of Energy’s refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail to meet a construction deadline poses a new hurdle for greenfield plants, analysts said on Thursday. The DOE last month said it would grant future extensions solely on extenuating circumstances…
(Reuters) – Shares of Beyond Meat tumbled 18% to new lows on Thursday after the plant-based substitute meat seller said it would sell up to $200 million worth of new shares as it faces a shrinking cash pile. Last trading at $10.26, Beyond Meat’s stock has slumped from highs of over $239 in the months…
