Centrist group No Labels drops third-party White House bid
By Stephanie Kelly and Jarrett Renshaw WASHINGTON (Reuters) -Centrist group No Labels will not field a third-party bid for the U.S. presidency because it could not find a candidate with…
Active US funds tally best quarterly outperformance since 2007, BofA says
By Lewis Krauskopf NEW YORK (Reuters) – Actively managed U.S. equity funds in the first quarter posted their best quarterly out-performance since 2007, BofA Global Research strategists said. In the…
Canadian lender RBC’s CEO says City National will be a ‘net contributor’
By Nivedita Balu TORONTO (Reuters) – Royal Bank of Canada expects its struggling unit in the U.S. to be “a net contributor” to Canada’s biggest lender and is bullish about…
Biden to speak with Netanyahu on Thursday, US official says
By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden will speak by phone with Israeli Prime Minister Benjamin Netanyahu on Thursday, three days after Israel launched an attack in which…
Diplomats push for progress on Haiti transition as death toll mounts
By Sarah Morland (Reuters) – Diplomats at a regional Americas body on Wednesday urged Haitian politicians to move forward with a delayed plan to replace Prime Minister Ariel Henry with…
Moderna shares fall after judge sides with Arbutus in patent fight
(Reuters) -Shares of Moderna fell 4% on Wednesday after a U.S. judge issued an order that strengthened Arbutus’ arguments in a patent infringement lawsuit related to Moderna’s blockbuster COVID-19 vaccines.…
EV startup Fisker prepares for possible bankruptcy filing, WSJ reports
(Reuters) -Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The…
SpaceX’s third Starship test flight gets FAA green light
By Joey Roulette WASHINGTON (Reuters) – The FAA on Wednesday granted SpaceX a license to test-launch the company’s Starship rocket system from Texas, according to the agency’s website, paving the…
Calm in Haitian capital extends into second day as US, UN withdraw staff
By Harold Isaac PORT-AU-PRINCE (Reuters) -Haiti’s capital was calm on Wednesday, two days after the prime minister said he would step down, but the United States and the United Nations…
US homebuilder Lennar beats Q1 profit estimates amid sustained demand for new homes
(Reuters) -Lennar Corp reported first-quarter profits above Wall Street estimates on Wednesday, as historically low existing home supply led to sustained demand for new unit construction. The company delivered 16,798…