By Jody Godoy (Reuters) – Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. On Thursday Ripple Labs got a landmark ruling from a federal judge who said some of the company’s XRP token sales were not subject to securities laws. WHAT DID THE…
By Matt Tracy (Reuters) -JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from commercial real estate loans, in the latest sign that stress is building up in the sector. Lenders’ exposure to commercial real estate has come under growing scrutiny this year, as the sector globally –…
By Nia Williams and Rami Ayyub REVELSTOKE, British Columbia (Reuters) -Canada’s Prime Minister Justin Trudeau on Friday paid tribute to a young firefighter killed while battling a forest blaze in British Columbia, as wildfires continue to rage across the country and the western province requested an extra 1,000 international firefighters. The B.C. General Employees’ Union…
In recent trading sessions, the Direxion Daily Semiconductor Bull 3X Shares (NASDAQ:SOXL) exhibited a modest spike before stabilizing near Thursday’s closing price. The ETF’s recent upward movement follows a breakout from an inside bar pattern highlighted by financial analysis platform Benzinga on June 28. As the semiconductor sector enters a bullish cycle, notable industry players…
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat Wall Street estimates for the second-quarter with record profit even as its chief Jamie Dimon cautioned about unprecedented economic risks. The largest U.S. lender’s profit climbed as it earned more from borrowers’ interest payments and benefited from the purchase of First Republic Bank. While Dimon…
DUBAI (Reuters) – Sudanese human rights organisations had evidence the Sudanese paramilitary Rapid Support Forces (RSF) had detained more than 5,000 people in the capital and were keeping them in inhumane conditions, the group told Reuters on Friday. The RSF has been fighting the Sudanese army for three months, having dominated the Sudanese capital on…
(Reuters) – Former Netflix content chief Cindy Holland on Friday has been named the global CEO of entertainment group Sister, co-founded by Elisabeth Murdoch, the daughter of media mogul Rupert Murdoch. Holland left Netflix in 2020 after 18 years at the streaming giant, including nine years where she served as vice president of original content….
By Jennifer Rigby LONDON (Reuters) -The sweetener aspartame is a “possible carcinogen” but it remains safe to consume at already-agreed levels, two groups linked to the World Health Organization (WHO) declared on Friday. The rulings are the outcome of two separate WHO expert panels, one of which flags whether there is any evidence that a…
By David Lawder WASHINGTON (Reuters) – U.S. Internal Revenue Service Commissioner Danny Werfel said on Friday that a Republican plan to cut the agency’s annual budget would reduce its ability to ramp up tax collections on millionaires like it has done in recent months. Republicans on the U.S. House of Representatives Appropriations Committee have proposed…
(Reuters) – Pot producer Canopy Growth has signed agreements with lenders to reduce its debt by C$437 million ($333.36 million) over the next six months, weeks after the Canadian firm raised doubts about its ability to continue as a going concern. The agreements with secured and unsecured lenders would also lower its interest expenses by…
