Biden cancels debt for students who attended defunct Colorado college
WASHINGTON (Reuters) -U.S. President Joe Biden’s administration will cancel $130 million in debt for 7,400 student borrowers who enrolled at…
July 25, 2023
US consumer confidence hits two-year high; recession fears linger
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased to a two-year high in July amid a persistently tight…
Moody’s sees negative economic consequences of Israel’s judicial upheaval
By Steven Scheer JERUSALEM (Reuters) – Moody’s Investors Service said on Tuesday that passage of a new law in Israel…
France’s Thales to buy Imperva in $3.6 billion cybersecurity deal
By Tim Hepher and Mathieu Rosemain PARIS (Reuters) – France’s Thales said on Tuesday it would buy U.S. cybersecurity company…
GM shares fall as automaker outlines new cost-cutting drive
By Joseph White and Paul Lienert DETROIT (Reuters) -General Motors is wrestling with costs and struggling to build more electric…
Meme stocks surge as tech rally gets too pricey for retail investors
By Bansari Mayur Kamdar (Reuters) – Meme stocks have surged in the last few weeks as retail investors shun pricier…
Deutsche Bank to buy back up to $497 million in shares
FRANKFURT (Reuters) -Deutsche Bank signalled a more positive outlook on Tuesday, saying it would undertake a 450 million euro ($497…
TikTok launches text-only posts to rival Elon Musk’s Twitter
(Reuters) – Chinese short-video app TikTok is allowing users to create text-only posts, in the latest attempt by a social…
IMF edges 2023 global economic growth forecast higher, sees persistent challenges
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given…
Bank of England rates set to peak at 5.75% by year-end: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will raise its Bank Rate by a quarter-point to 5.25%…