Cboe refiles Fidelity bitcoin ETF application, plans Coinbase policing partnership

By John McCrank and Carolina Mandl (Reuters) -Exchange operator Cboe on Friday refiled an application with the U.S. securities regulator to launch a bitcoin exchange-traded fund by asset manager Fidelity, saying it would work with global crypto exchange Coinbase to prevent any market manipulation in the process. The refreshed filing aims to address concerns raised…

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US Supreme Court’s liberals warn of LGBT ruling’s ripple effects

By Andrew Chung (Reuters) – The U.S. Supreme Court’s conservative-majority ruling letting certain businesses refuse to provide services for same-sex marriages could impact an array of customers beyond LGBT people, according to the court’s liberal justices. But experts were divided over how far this ripple effect could spread. Friday’s ruling protected Denver-area web designer Lorie…

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Top U.S. banks raise dividends after sailing through Fed stress tests

By Saeed Azhar, Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – U.S. banks including JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday after sailing through the Federal Reserve’s annual health check, which showed they have enough capital to weather a severe economic downturn. JPMorgan, the biggest U.S….

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Argentina economic activity slumps 4.2% in April as drought hit farming

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economic slumped 4.2% in April from a year earlier, the country’s official INDEC statistics agency said on Friday, the worst drop since October 2020 and far lower than the 1.5% decline forecast by analysts as farming production slid. The South American nation is the world’s top exporter…

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