By Gabriella Borter (Reuters) – A Texas man has filed a wrongful death lawsuit accusing three women of helping his ex-wife obtain abortion pills, in one of the first major legal challenges under a state abortion ban since the United States Supreme Court overturned Roe v. Wade. Plaintiff Marcus Silva filed the lawsuit on Thursday …
Texas man sues 3 women for helping his ex-wife obtain abortion pills Read More »
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government is boosting financial support for around 1.4 million citizens as it tries to offset three-decade high inflation ahead of the country’s election later this year. Inflation is running at a near three decade high of 7.2% and is increasingly becoming the key political issue ahead …
New Zealand government to boost financial support for 1.4 million people Read More »
(Reuters) – Goldman Sachs’ analysts on Sunday said they no longer expect the U.S. Federal Reserve to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path beyond March, in light of the recent stress in the banking sector. Goldman previously expected a 25-basis-point hike in March. U.S. regulators on …
Goldman analysts no longer expect Fed rate hike in March after SVB failure Read More »
LOS ANGELES (Reuters) -The 95th Academy Awards are taking a place at a ceremony in Los Angeles on Sunday and are being broadcast live on ABC television. The following is a list of Oscar winners so far: BEST SUPPORTING ACTOR Ke Huy Quan, “Everything Everywhere All at Once” BEST SUPPORTING ACTRESS Jamie Lee Curtis, “Everything …
(Reuters) -The U.S. government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of tech startup-focused lender Silicon Valley Bank (SVB), sending U.S. stock futures higher. Following are comments from analysts and fund managers: CAROL SCHIELF, CHIEF INVESTMENT OFFICER, BMO FAMILY OFFICE, MINNEAPOLIS, MINNESOTA “The facilities put in …
US intervenes to shore up SVB deposits, limit financial fallout Read More »
(Reuters) – Activist investor Carl Icahn is preparing a proxy fight at Illumina Inc, arguing that the life science maker’s acquisition of Grail Inc cost its shareholders roughly $50 billion, the Wall Street Journal reported on Sunday. Illumina completed a takeover of cancer-detection test maker Grail in August 2021, without securing regulatory approval from the …
Carl Icahn prepares for proxy fight at Illumina – WSJ Read More »
(Reuters) -The United Auto Workers (UAW) union said members at four local chapters working at Caterpillar have voted in favor of a new six-year labor contract with the firm, preventing a strike at the world’s largest construction and mining equipment-maker. Unionized workers unanimously accepted the deal that outlined a 27% combined wage increase and lump …
Caterpillar union workers vote in favor of six-year labor agreement Read More »
(Reuters) – U.S. private bank First Republic Bank said on Sunday it had secured additional financing through JPMorgan Chase & Co, giving it access to a total of $70 billion in funds through various sources. First Republic’s announcement came after its share price was hit last week in the aftermath of a run on SVB …
First Republic secures new facility from JPMorgan Read More »
By Krystal Hu, Anna Tong, Jeffrey Dastin and Greg Bensinger (Reuters) – A wave of relief swept over Silicon Valley Sunday following a tense weekend of board meetings, emergency funding plans and pleas for help after regulators stepped in to backstop the region’s embattled namesake bank. Banking regulators said Sunday evening that depositors at Silicon …
Silicon Valley exhales after US intervenes in SVB collapse Read More »
By Howard Schneider WASHINGTON (Reuters) -Earlier this month the U.S. Federal Reserve in a report to Congress gave what has become a standard reassurance: Banks were strong and the overall financial system in solid shape. That confidence is now being tested as the Fed and other regulators watched the failure of Silicon Valley Bank last …
SVB collapse puts Fed’s faith in a strong, low-risk financial system to the test Read More »
