By David Lawder and Doina Chiacu WASHINGTON (Reuters) -The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large…
By Lewis Krauskopf NEW YORK (Reuters) - Investors are gravitating toward big technology stocks as banking crisis worries rock U.S. markets, hoping the shares are better positioned to withstand a possible economic downturn and will benefit from a steep drop…
(Reuters) -The swift downfall of SVB Financial Group, the biggest collapse of a bank since Washington Mutual in 2008, has sparked fears of contagion in the financial sector and affected every asset class from stocks to forex. Bank stocks globally…
By David Shepardson (Reuters) -The state of Ohio sued Norfolk Southern Tuesday over the Feb. 3 derailment of a freight train that released over a million gallons of hazardous materials and pollutants into the environment around the town of East…
By Mike Scarcella (Reuters) - E-commerce platform eBay Inc on Monday asked a U.S. judge to block a bid by Meta Platforms Inc for testimony from an eBay corporate official as the social media giant seeks rivals' information to counter…
By Tom Wilson and Shubham Kalia LONDON (Reuters) -Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it…
(Reuters) - California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stocks. The…
By Virginia Furness and Simon Jessop LONDON (Reuters) - New rules in Europe to crack down on greenwashing are not making it easier to spot genuine environmentally-friendly funds as asset managers continue to apply different standards for what constitutes sustainable…
By Sheila Dang (Reuters) - Chat app Discord said on Thursday it will introduce new artificial intelligence features that can summarize long conversations or add decorations to a user's avatar, the latest move among tech companies to build generative AI…
(This March 7 story has been corrected to clarify that German media reported that the alleged perpetrators of the attacks used a yacht hired by a Poland-based company, in paragraph 16 ) WASHINGTON (Reuters) - New intelligence reviewed by U.S. officials…