OTTAWA, March 24 (Reuters) – President Joe Biden said on Friday that federal deposit insurance could be tapped for deposits over $250,000 if other US banks fail, expressing confidence that medium-sized US banks would ease industry tensions. to survive. Biden said U.S. banks are in “quite” good shape, people’s savings were safe and he didn’t … Read more
March 24 (Reuters) – Rivian Automotive Inc (RIVN.O) is moving parts of its manufacturing engineering team to Illinois to speed up production, the Wall Street Journal reported on Friday, citing a person familiar with the matter. The reorganization, which is expected to be announced soon, would mean those working on manufacturing engineering would be asked … Read more
The KBW Regional Bank index is recovering US-listed shares of Deutsche Bank slide Actvision surges as regulators drop concerns over Microsoft deal Indexes up: Dow 0.41%, S&P 0.56%, Nasdaq 0.31% NEW YORK, March 24 (Reuters) – US stocks closed higher on Friday, marking the end of a tumultuous week in which Federal Reserve officials calmed … Read more
OTTAWA, March 24 (Reuters) – US President Joe Biden and Canadian Prime Minister Justin Trudeau presented a united front against authoritarian regimes on Friday as Biden visited the Canadian capital, days after the leaders of China and Russia held a summit in Moscow. Images of Biden and Trudeau standing side by side in Ottawa announcing … Read more
WASHINGTON, March 24 (Reuters) – The multi-regulator US Financial Stability Oversight Council agreed on Friday that the US banking system remains “sound and resilient” despite pressure on some institutions, the US Treasury Department said in its latest statement to calm jittery markets and bank depositors. Speaking to a private meeting chaired by Treasury Secretary Janet … Read more
COPENHAGEN, March 23 (Reuters) – Denmark on Thursday invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea. Three explosions last September on the Nord Stream pipelines built to supply Russian gas to Germany have become … Read more
WASHINGTON, March 23 (Reuters) – For the fourth time in a week, US Treasury Secretary Janet Yellen took to the microphone on Thursday to reassure Americans that the US banking system is safe, each time with a subtle shift in the message. But bankers and Wall Street never heard what they desperately wanted: for the … Read more
NEW YORK, March 23 (Reuters) – Citizens Financial Group Inc (CFG.N) is preparing a bid to acquire the private banking business of bankrupt Silicon Valley Bank, two people familiar with the matter said Thursday. Citizens, one of the largest regional banks in the US, is preparing to bid for the auction of the company, which … Read more
NEW YORK, March 23 (Reuters) – Hundreds of employees at five US Walmart facilities that fulfill e-commerce orders are being asked to find jobs at other company locations within 90 days, a spokesperson confirmed to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and … Read more
Drug meets primary and all secondary goals in COPD research Earlier peak sales estimate of 13 billion euros was without COPD Drug could be the first new COPD treatment in more than a decade March 23 (Reuters) – Sanofi’s (SASY.PA) asthma drug Dupixent met all targets in a trial for the treatment of “smoker’s lung”, … Read more
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