General News

(Reuters) - The U.S. Treasury said on Monday it expects to borrow $243 billion in the second quarter, $41 billion more than the January estimate largely due to lower cash receipts, partially offset by a higher cash balance at the beginning of the quarter.

The second-quarter financing estimate assumes a cash balance of $750 billion at the end of June, the Treasury said in a statement.

The Treasury also announced it expects to borrow $847... (continue reading...)

(Reuters) - Registrations of Tesla vehicles in California fell about 8% in the first quarter of 2024 for the second consecutive three-month period, according to data from the California New Car Dealers Association.

The data showed about 50,000 new Tesla vehicles were registered in the state, one of the most important markets for the Elon Musk-led EV maker, in the quarter ended March 31.

Globally, Tesla's quarterly deliveries fell for the... (continue reading...)

(Reuters) - New York Community Bancorp has pushed back its annual shareholders meeting by two weeks to June 5.

The bank disclosed the change in date late on Friday. It had earlier announced its 2024 AGM on May 17.

NYCB did not immediately respond to a Reuters request for comment seeking details about the delay.

The bank has been under pressure since January when it posted a surprise loss for the fourth quarter due to... (continue reading...)

By David Shepardson

WASHINGTON (Reuters) -The Federal Communications Commission on Monday fined the largest U.S. wireless carriers nearly $200 million for illegally sharing access to customers’ location information.

The FCC is finalizing fines first proposed in February 2020, including $80 million for T-Mobile; $12 million for Sprint, which T-Mobile has since acquired; $57 million for AT&T, and nearly $47 million for Verizon... (continue reading...)

By Allison Lampert and Matt Tracy

(Reuters) - Boeing on Monday tapped debt markets to raise $10 billion, after the U.S. planemaker burned $3.93 billion in free cash during the first quarter following slowing production of its best-selling jet, sources familiar with the matter said.

Boeing's credit rating hovered above "junk" status last week after new action from rating agencies as the planemaker tries to recover from a crisis that began... (continue reading...)