Citi profit falls on severance costs from reorganization while stock slides
By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s first-quarter profit fell 27% as the bank took charges related to its…
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Morgan Stanley’s wealth arm under probe by multiple regulators, WSJ reports
(Reuters) -Morgan Stanley’s wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday, citing…
EU to decide on Nippon Steel’s US Steel bid by May 17, approval a formality
BRUSSELS (Reuters) – Nippon Steel’s $14.9 billion acquisition of U.S. Steel Corp will be decided by European Union antitrust regulators…
Rent the Runway shares get caught up in AI frenzy, surge over 200%
By Ananya Mariam Rajesh (Reuters) -Traders piled into shares of Rent the Runway on Thursday, sending the shares up by…
Trump loses third bid this week to delay hush money trial
By Luc Cohen NEW YORK (Reuters) -A New York appeals judge on Wednesday denied Donald Trump’s third last-ditch attempt this…
Fed looks to slice balance sheet runoff pace by half
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve is preparing in short order to slow the rate at…
US government’s Apple antitrust suit gets new judge after recusal
By Mike Scarcella (Reuters) – The U.S. Justice Department’s blockbuster case accusing Apple of unlawfully monopolizing the smartphone market was…
Investment platform Linqto to go public via $700 million SPAC deal
(Reuters) – Investment platform Linqto has agreed to go public through a merger with special purpose acquisition company (SPAC) Blockchain…
US Postal Service seeks to hike stamp prices to 73 cents
By David Shepardson WASHINGTON (Reuters) -The United States Postal Service (USPS) said on Tuesday it wants to raise the price…
Global steel demand to return to growth in 2024, says World Steel
LONDON (Reuters) -Global steel demand is expected to rise by 1.7% to 1.793 billion metric tons in 2024 and to…