By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation…
MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a “long pause” in raising interest rates steady as inflation is expected to ebb. The bank held its key policy rate steady at 6.25% for a second straight meeting on Thursday. “I think…
By Akash Sriram (Reuters) -Fox News said on Monday that network veteran Jesse Watters would fill the key prime-time slot left vacant by the exit of top-rated host Tucker Carlson. Carlson left the network in April, less than a week after parent company Fox Corp settled a $787.5 million defamation lawsuit with Dominion Voting Systems,…
(Reuters) -Trading platform Robinhood Markets said on Monday it was cutting some of its full-time jobs, as it looks to offset costs amid slowing demand for its services. The Menlo Park, California-based company added that in some cases, teams could make changes based on volume, workload and other factors. Earlier in the day, the Wall…
(Reuters) – U.S. investment giant Blackstone Inc is fielding offers for half of its interest in the real estate of the Bellagio hotel in Las Vegas, Bloomberg News reported on Monday. The investment firm is considering its options and has not committed to a sale, the report said, citing people familiar with the matter. Blackstone…
By Hyunjoo Jin (Reuters) – A Tesla vehicle that was operating on its Autopilot software crashed into a stationary truck on a highway in Pennsylvania on Friday night, police said, adding to scrutiny of the automaker’s driver assistance system. The Tesla was traveling in the middle lane when it struck the rear end of a…
NEW YORK (Reuters) -A U.S. judge on Monday granted preliminary approval to JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier’s sex trafficking. The approval was issued by U.S. District Judge Jed Rakoff at a hearing in…
NEW YORK (Reuters) -JPMorgan Chase & Co and General Dynamics Corp board member Jim Crown was killed on Sunday in a vehicle accident near Aspen, Colorado, a county coroner said. Crown was involved in a single vehicle accident at the Aspen Motorsports Park in Woody Creek, Colorado, the Pitkin County Coroner’s office said in a…
(Reuters) – Group Black is in talks to buy a majority stake in Arena Group Holdings Inc, the publisher of Sports Illustrated magazine, the Wall Street Journal reported on Monday, citing people familiar with the matter. The discussions with Arena, which also houses publications such as TheStreet, Parade, and Men’s Journal, are in continuing efforts…
By Andrew Gray BRUSSELS (Reuters) – Ukraine’s work with allies to build broad international support for a peace blueprint has made progress but any summit to endorse a document is at least months away, officials said. Senior officials from Ukraine, G7 countries, the European Union and nations such as Brazil, India, Saudi Arabia, South Africa…
