By Silke Koltrowitz ZURICH (Reuters) -Credit Suisse announced the departure of two senior executives, global co-head of banking Jens Welter and global head of global credit products Daniel McCarthy, in memos seen by Reuters, in a blow to the Swiss bank as it gets ready for a major restructuring. Shaken by a string of scandals…
By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy on a moderate growth path. Some of the largest gain in orders in seven months reported by the Commerce…
DOVER, Del. (AP) — A Delaware judge on Tuesday ordered attorneys for billionaire Elon Musk to create a log of certain documents that relate to former Twitter security chief Peiter “Mudge” Zatko but not directly to Zatko’s whistleblower complaint against the social media giant. The ruling came near the start of a three-hour hearing on…
By Jonathan Stempel (Reuters) – Oracle Corp will pay about $23 million to resolve charges its units in Turkey, the United Arab Emirates and India used slush funds to bribe foreign officials in order to win business, the U.S. Securities and Exchange Commission said on Tuesday. The case covered alleged wrongdoing from 2014 to 2019,…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that stablecoins will need greater regulation as they become more widely used by consumers. Powell also said, in virtual remarks to a conference on digital finance in Paris, that the Fed hasn’t yet decided on whether to proceed with a digital dollar. The Fed’s sharp…
WASHINGTON (AP) — U.S. consumers grew more confident for the second month in a row as gas prices continued to fall. The Conference Board said Tuesday that its consumer confidence index rose to 108 in September, from 103.6 in August. The back-to-back monthly increases follow three straight monthly declines as American households were hammered by…
BRASILIA (Reuters) – Brazil’s central bank highlighted on Tuesday the lack of consensus among policymakers for its decision last week to pause an aggressive monetary policy cycle, noting that a further “residual” interest rate hike was “widely debated.” In the minutes of its Sept. 20-21 meeting, policymakers reinforced their cautious stance in the fight against…
NEW YORK (AP) — Walmart is teaming up with a fertility startup to offer benefits under its insurance plan that will help its workers expand their families. The nation’s largest retailer and private employer said Tuesday it’s partnering with New York-based Kindbody to offer benefits such as in vitro fertilization as well as fertility testing…
LONDON (AP) — The British pound stabilized Tuesday as U.K. authorities tried to ease investor concerns after the biggest tax cuts in 50 years sent the currency tumbling to a record low and prompted some businesses to predict a devastating combination of a weak currency and rising interest rates. The turmoil is already having real-world…
WASHINGTON(Reuters) – New orders for U.S.-made capital goods increased more than expected in August, suggesting a rebound in business spending on equipment in the third quarter, though some of the rise in orders reflected higher prices. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, surged 1.3% last month,…
