(Reuters) – Russia’s defence ministry on Thursday denied reports that Ukrainian forces had broken through in various places along the front lines and said the military situation was under control. Moscow reacted after Russian military bloggers, writing on Telegram, reported what they said were Ukrainian advances north and south of the city of Bakhmut, with…
(Reuters) -Binance.US and Changpeng Zhao, the crypto exchange’s founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, citing two people familiar with the matter. Zhao, who is also the CEO of Binance – the world’s biggest crypto exchange, has been trying to sell at…
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional banks after posting a drop in deposits. Lifting the Nasdaq, shares of Alphabet Inc rose 4.3%, a day after Google rolled out…
(Reuters) -Media conglomerate News Corp on Thursday beat Wall Street estimates for third-quarter profit, helped by a string of cost-cut measures and strong subscription growth across its professional data and news platforms. At a time when most media companies are struggling with a tough advertising market, News Corp’s revenue got a boost from its 2021…
By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the hook, the Federal Deposit Insurance Corporation (FDIC) said on Thursday….
(Reuters) -Russia’s defence ministry on Thursday denied reports that Ukrainian forces had broken through in various places along the front lines and said the military situation was under control. Moscow reacted after Russian military bloggers, writing on the Telegram messaging app, reported what they said were Ukrainian advances north and south of the eastern Ukrainian…
(Reuters) -Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth in both health and protection sales,” as consumers prioritized health and financial security. Sun Life…
(Reuters) – Southwest Airlines Co pilots’ union said on Thursday its members had approved a strike mandate by an overwhelming majority ahead of the busy summer travel season. The Southwest Airlines Pilots Association (SWAPA), which represents 10,000 pilots of the Dallas-based carrier, said 98% of its members participated in the vote and 99% voted in…
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines pilots want higher pay than their counterparts at Delta Air Lines and at least similar improvements in work-life balance in their new contract, the head of their union said. Garth Thompson, in an interview late on Wednesday, told Reuters that any proposal that falls short of those…
By Steve Holland, Michael Martina and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden’s national security adviser met China’s top diplomat this week and both sides recognized the need to move beyond an alleged spy balloon incident that caused a pause in relations between the superpowers, a senior U.S. official said on Thursday. The White House…
