(Corrects Brent price unit in second paragraph to ‘per barrel’) By Shariq Khan BENGALURU (Reuters) – Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain. Brent crude futures settled at $79.87 per…
By David Lawder WASHINGTON (Reuters) -Nearly half of the $350 billion in COVID-19 assistance to state, local, tribal and territorial governments was budgeted as of March 31 for uses from lost revenue replacement to housing, broadband and job training, the U.S. Treasury Department said on Friday. Data released by the department on the State and…
By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden’s 2024 re-election team said on Friday that it and his Democratic Party raised $72 million during the first quarter since the campaign launched, lending firepower to his efforts to seek a second term. Biden, who launched his campaign on April 25, had $77…
By Divya Chowdhury MUMBAI (Reuters) – U.S. treasury yields have likely peaked, with longer-dated bonds looking attractive as the Federal Reserve is near the end of its hiking cycle, M&G Investments’ Jim Leaviss said. “Unless we get a resurgence in core inflation from where we are now, then it should be the peak in bond…
By Michel Rose PARIS (Reuters) -Indian Prime Minister Narendra Modi was treated to one of France’s most spectacular accolades on Friday as guest of honour at the Bastille Day military parade, part of a visit that has sealed high-profile defence deals. Modi and President Emmanuel Macron watched French and Indian soldiers march down the tree-lined…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt wedding gown retailer David’s Bridal received court approval on Friday to sell its business to asset manager Cion Investment Corp in a no-cash transaction, reaching a deal to keep 195 stores open and avoid a total shutdown. U.S. Bankruptcy Judge Christine Gravelle approved the sale at a…
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…
