By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Few investors and bankers could have imagined regulators would allow the largest U.S. lender to buy another bank and become even bigger. Then, Jamie Dimon beat the odds, clinching a deal to buy First Republic Bank on Monday. Now, the JPMorgan Chase & Co CEO expects…
By David Lawder, Trevor Hunnicutt, Andrea Shalal and David Morgan WASHINGTON (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June. Treasury Secretary Janet Yellen said in a…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Thousands of film and television writers will go on strike starting Tuesday, throwing Hollywood into turmoil as the entertainment business grapples with seismic changes triggered by the global streaming TV boom. The Writers Guild of America (WGA) called its first work stoppage in 15 years…
LOS ANGELES (Reuters) – The group representing Hollywood studios in labor talks with film and television writers said in a statement that negotiations had ended on Monday without the two sides reaching a deal. (Reporting by Lisa Richwine; Editing by Christian Schmollinger)
By Eric Onstad, Siyi Liu and Mai Nguyen LONDON/BEIJING/HANOI (Reuters) -Lithium prices rebounded this week for the first time in five months after tumbling from record highs, but new supply of the key mineral for electric vehicle (EV) batteries coming on stream is likely to weigh on the market next year. A decision by world…
By Jeff Mason, Trevor Hunnicutt and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden told his counterpart Ferdinand Marcos Jr. on Monday that the U.S. commitment to the defense of its ally was “ironclad,” including in the South China Sea where Manila is under pressure from China. Marcos, on the first White House visit by a…
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) -Investors breathed easier on Monday after a weekend auction found a buyer for troubled First Republic Bank, though some said they were worried the crisis in regional banks is not over and hedge funds bet other dominos may still fall. As Wall Street money managers, banking…
By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service (USPS) said on Monday it expected to receive next-generation delivery vehicles in June 2024, nine months behind a prior schedule. In March 2022, the USPS placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp and previously said it expected to…
LOS ANGELES (Reuters) – Thousands of Hollywood film and television writers will go on strike starting Tuesday, an action that will disrupt TV production. How will the walkout by the Writers Guild of America’s affect viewers’ favorite TV shows and movies? Which shows will feel the first impact of the strike? Late-night talk shows such…
By Ben Kellerman and Doyinsola Oladipo NEW YORK (Reuters) -Serena Williams confirmed she is expecting baby number two on Monday, telling reporters at the star-studded Met Gala in New York that there were “three of us” on the red carpet, where she arrived with husband Alexis Ohanian. The 23-times major winner announced last year that…
