Town Hall News

By Manya Saini (Reuters) – First Republic Bank faces an uphill challenge to regrow its business after losing more than half of its deposits, analysts said on Tuesday, as shares sank 29% in early trade to hit a record low following its first-quarter earnings. The beleaguered lender reported a more than $100 billion plunge in deposits in the quarter in the aftermath of the biggest crisis to hit the banking […]

By Ross Colvin WASHINGTON (Reuters) – Democratic U.S. President Joe Biden announced his re-election campaign on Tuesday, as most Republican hopefuls were still trying to decide whether to challenge former President Donald Trump. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. JOE BIDEN Biden, 80, has been teasing his plans to seek a second term for months but held […]

By Manya Saini (Reuters) – First Republic Bank faces an uphill challenge to regrow its business after losing more than half of its deposits, analysts said on Tuesday, as shares sank 29% in early trade to hit a record low following its first-quarter earnings. The beleaguered lender reported a more than $100 billion plunge in deposits in the quarter in the aftermath of the biggest crisis to hit the banking […]

(Fixes case in headline) (Reuters) – Harry Belafonte, a singer, songwriter and groundbreaking actor who started his entertainment career belting “Day O” in his 1950s hit song “Banana Boat” before turning to political activism, died on Tuesday at age 96, the New York Times reported. (This story has been refiled to fix the case in the headline) (Reporting by Brendan O’Brien; Editing by Doina Chiacu) Brought to you by www.srnnews.com

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William has settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “huge sum” after a secret deal struck with Buckingham Palace, lawyers for the heir’s brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers (NGN) at the High Court in London for multiple unlawful acts allegedly […]

STOCKHOLM (Reuters) -Sweden is expelling five Russian diplomats for carrying out activities incompatible with their diplomatic status, Sweden’s Foreign Ministry said on Tuesday. Russia’s embassy in Sweden declined to comment on the development. Russia and Western countries have engaged in tit-for-tat expulsions since Moscow launched its invasion of Ukraine in February last year. Russia calls the invasion a “special military operation”. “Sweden has called up Russia’s ambassador … and informed […]

By Alistair Smout and Andrew MacAskill LONDON (Reuters) – Voters in England will for the first time have to produce photo I.D. in order to cast their ballot when polling stations open in local elections next week, sparking concern that some parts of the electorate will in effect be disenfranchised by the change. Large parts of England vote in local council elections on May 4, and a national election is […]

By Sruthi Shankar and Ankika Biswas (Reuters) – Wall Street was set to open lower on Tuesday following a mixed batch of earnings reports, while a plunge in deposits of regional lender First Republic Bank stoked concerns about the banking sector. First Republic shares tanked 22.8% in premarket trading after the beleaguered lender reported a more than $100 billion flight in deposits in the first quarter following the biggest banking […]

By Rajesh Kumar Singh and Abhijith Ganapavaram CHICAGO (Reuters) -General Electric Co on Tuesday raised the low end of its full-year profit forecast after quarterly profit topped Wall Street estimates as strong air travel demand drove up sales of jet engine spare parts and services. CEO Larry Culp told Reuters that GE’s businesses had not seen any loss in momentum despite growing risks of an economic recession as soon as […]