May 12, 2023
Virgin Orbit plans to move back deadline for bidders – source

By Joey Roulette (Reuters) - Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders to buy its assets by a handful of days, according to two sources familiar with the matter. The development was…

May 12, 2023
Analysis-Jet orders boom as airlines fear shortage

By Tim Hepher PARIS (Reuters) - Planemakers can't build them but airlines can't stop buying them. Even as they wrestle with industrial problems preventing the delivery of jets sold before the pandemic, Airbus and Boeing are totting up billions of…

May 11, 2023
U.S. House passes Republican bill tightening border security

By Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday approved Republican legislation intended to stop immigrants and illegal drugs crossing the nation's southwestern border with Mexico, leaving it to the Senate to attempt a broader, bipartisan immigration…

May 11, 2023
Big US banks to pay billions to replenish failure fund

By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks…

May 11, 2023
Peloton recalls 2.2 million exercise bikes over seat issue

(Reuters) -Peloton Interactive Inc will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said on Thursday, sending its shares down 7%. The voluntary recall piles on more pressure on Peloton as…

May 11, 2023
Stocks, yields fall after data seen halting more Fed rate hikes

By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow…

May 11, 2023
Dollar stronger as market rethinks monetary policy outlook

By Laura Matthews NEW YORK (Reuters) - The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of…