Category Archives:
Explainer-How does bank deposit insurance work, and who does it cover?
By Hannah Lang and Pete Schroeder (Reuters) - In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to p...
Mar 21, 2023
Judge in Archegos founder’s criminal case unlikely to dismiss charges
By Jody Godoy and Jonathan Stempel NEW YORK (Reuters) - A U.S. judge on Tuesday signaled he was unlikely to dismiss an indictment accusing Bill Hwang of fraud in the collapse of his $36 billion Archeg...
Mar 21, 2023
U.S. safety board says derailed Ohio train testing shows anomalies
WASHINGTON (Reuters) - U.S. testing of key components in the Feb. 3 Norfolk Southern- operated Ohio train derailment investigation found anomalies, the National Transportation Safety Board said on Tue...
Mar 21, 2023
Basketball-New York’s iconic ‘Captain’ Reed dies at 80
NEW YORK (Reuters) -Hall of Famer Willis Reed, the beloved former New York Knicks player who won two championships, has died at the age of 80, the National Basketball Retired Players Association said ...
Mar 21, 2023
U.S. SEC delays vote on private investment reporting rule
(Reuters) - Wall Street's top regulator said on Tuesday it had postponed a planned vote on a proposed rule to help protect the stability of the financial system by detecting risk in the $20 trillion p...
Mar 21, 2023
U.S. Supreme Court backs deaf student who sued Michigan school district
By Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday allowed a deaf student in Michigan to sue his public school district for allegedly failing to provide him adequate classroom in...
Mar 21, 2023
Nike third-quarter results beat on Jordan Retro demand
(Reuters) -Nike Inc beat estimates for third-quarter revenue and profit on Tuesday, boosted by strong demand for its sneakers as consumers snapped up newer franchise launches and classic styles such a...
Mar 21, 2023
Senators propose raising US commercial pilots mandatory retirement age
By David Shepardson WASHINGTON (Reuters) -A group of seven U.S. senators on Tuesday proposed legislation to raise the mandatory commercial pilot retirement age to 67 from 65, in a bid to address airli...
Mar 21, 2023
GameStop shares surge as videogame retailer posts surprise profit
(Reuters) -GameStop Corp posted a surprise profit for the fourth quarter and surpassed revenue expectations as the videogame retailer trimmed costs and reduced headcount, sending its shares more than ...
Mar 21, 2023
US Senate Banking Committee to hold hearings on Silicon Valley Bank collapse
By Moira Warburton WASHINGTON (Reuters) - The U.S. Senate Banking Committee will hold the first of several hearings on the collapse of Silicon Valley Bank and Signature Bank on March 28, Democratic Ch...
Mar 21, 2023
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