By Saeed Azhar and Matt Tracy (Reuters) -U.S. regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector remains under pressure a year after the collapse of Silicon Valley Bank and Signature Bank. Most multifamily loans are made by regional…
By Nidal al-Mughrabi CAIRO (Reuters) – A senior Hamas official urged the United States on Monday to pressure Israel to end the war in Gaza, ahead of the planned visit on Monday by U.S. Secretary of State Antony Blinken to the region to push forward ceasefire efforts. Blinken is set to visit Egypt and Israel…
By Martin Coulter, James Pearson LONDON (Reuters) -A global tech failure disrupted operations across multiple industries on Friday, halting flights and upending everything from banking to healthcare systems. WHAT HAPPENED? CrowdStrike, a U.S. cybersecurity company with a market value of about $83 billion, is among the most popular in the world, counting more than 20,000…
By Pranav Kashyap (Reuters) – Andrew Left, the founder of Citron Research, is again betting against retail investors’ favorite GameStop, which is back in the limelight after super-bull “Roaring Kitty” Keith Gill resurfaced online following a three-year hiatus. Citron was forced to close its short position in GameStop at a loss in 2021, after retail…
(Reuters) – Southwest Airlines and Archer Aviation said Friday they have agreed to develop operational plans for electric air taxi networks at California airports where the Texas-based airline operates. The companies said they have signed a memorandum of understanding to collaborate on a concept of operations that lays the foundation for integrated electric air taxi…
(Reuters) -Spirit Airlines on Tuesday cut its revenue outlook for the second quarter, citing lower-than-expected non-ticket revenue, sending its shares down more than 6% in extended trading. The company now projects quarterly revenue to be $1.28 billion, compared with its earlier estimate of between $1.32 billion and $1.34 billion, the ultra-low-cost carrier said in a…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more…
