By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell’s testimony in which he signaled more interest rate hikes ahead but vowed the central bank would proceed with caution. All three major U.S. stock indexes lost ground in a broad sell-off. Interest-sensitive…
By Nandita Bose and Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden on Friday marked the one-year anniversary of a Supreme Court ruling overturning the right to an abortion by telling a rally of abortion-rights supporters that Republicans will regret their efforts to limit reproductive rights. “The majority wrote, ‘Women are not without an…
By Jonathan Stempel NEW YORK (Reuters) – Donald Trump will deposit $5.55 million with a federal court as security while the former U.S. president appeals a jury verdict that he sexually abused and defamed the writer E. Jean Carroll. Trump is appealing last month’s $5 million verdict by a Manhattan federal jury, which said he…
By Steve Holland, Simon Lewis and Jeff Mason WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China. U.S. President Joe Biden rolled out the red…
By Steve Holland, Simon Lewis and Jeff Mason WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China. U.S. President Joe Biden rolled out the red…
(Reuters) – Goldman Sachs is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, CNBC reported on Friday, citing people with knowledge of the sale process. One bidder said GreenSky’s loan origination platform is worth roughly $300 million, while…
By Hannah Lang and Chibuike Oguh (Reuters) -Bitcoin, the world’s largest cryptocurrency, hit a more than one-year high on Friday, capping a week of gains helped in part by BlackRock’s plans to create a bitcoin exchange-traded fund (ETF) despite heightened U.S. regulatory scrutiny on the digital asset sector. BlackRock, the world’s biggest asset manager, filed…
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the U.S. dollar rose on Friday as investors digested comments from Federal Reserve officials that signalled further interest rate hikes ahead. Major U.S. stock indexes posted losses for the week, with the Nasdaq snapping an eight-week winning streak. The S&P 500 ended a…
By Brendan Pierson (Reuters) – A federal judge has ruled in favor of Volkswagen in lawsuits brought against the automaker by two U.S. counties over its diesel emissions cheating scandal. U.S. District Judge Charles Breyer in San Francisco ruled Thursday that Utah’s Salt Lake County and Florida’s Hillsborough County could not prove that Volkswagen violated…
By Brendan Pierson (Reuters) – A federal judge has ruled in favor of Volkswagen in lawsuits brought against the automaker by two U.S. counties over its diesel emissions cheating scandal. U.S. District Judge Charles Breyer in San Francisco ruled Thursday that Utah’s Salt Lake County and Florida’s Hillsborough County could not prove that Volkswagen violated…
