Crypto Volatility Knocks More Stablecoins Off Their Peg
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Major cryptocurrency volatility has hit stablecoins, typically considered the market’s safer-havens,…
June 2022
Fewer Americans apply for jobless aid last week
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the…
BoE Nudges Rates Up Again But Says It’s Ready To Act Forcefully
By Andy Bruce and William Schomberg LONDON (Reuters) -The Bank of England stuck to its gradual increases in interest rates…
EU beefs up disinformation code amid Russia fake news fears
LONDON (AP) — The European Union is beefing up its code of practice on disinformation by enlisting more tech companies…
Revlon files for bankruptcy protection amid heavy debt load
NEW YORK (AP) — Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by…
Production at bedeviled baby formula factory halted by storm
Severe weather has forced Abbott Nutrition to pause production at a Michigan baby formula factory that had just restarted after…
Kroger Raises Annual Profit Forecast On Essentials Demand
(Reuters) – Kroger Co raised its expectations for 2022 profit on Thursday, betting on steady demand for its groceries and…
Activision Board Says No Evidence Senior Execs Ignored Harassment Cases
(Reuters) -Activision Blizzard Inc’s board and external advisers said on Thursday there was no evidence to suggest that senior executives…
BoE Raises Rates By 25 Basis Points Again But Says Ready To Act Forcefully
By Andy Bruce and William Schomberg LONDON (Reuters) – The Bank of England raised interest rates by a further quarter…
Meta, Google, Twitter Pledge To Better Fight Fake News Or Risk Fines
BRUSSELS (Reuters) – Meta, Alphabet unit Google, Twitter and Microsoft on Thursday agreed to take a tougher line against disinformation…