By Niket Nishant and Chibuike Oguh (Reuters) -U.S. and European bank stocks dropped on Tuesday on renewed investor worries about the health of the industry after ratings agency Moody’s downgraded several U.S. lenders and Italy approved a surprise 40% windfall tax on its lenders. Moody’s cut credit ratings of several U.S. regional lenders on Monday…
By Herbert Lash NEW YORK (Reuters) – Global stocks skidded and the dollar jumped on Tuesday after Moody’s cut the credit ratings of 10 small- to mid-sized U.S. banks and China’s trade data was worse than forecast in July, raising concerns about the global economic outlook. The yuan slid to a three-week low as Asian…
By Doyinsola Oladipo NEW YORK (Reuters) – A New York judge on Tuesday dismissed Airbnb’s lawsuit against New York City over legislation it called a “de facto ban” against short-term rentals on Tuesday. Justice Arlene Bluth of a state court in Manhattan said it was “inherently rational” for the city to require that hosts register…
By Vladyslav Smilianets POKROVSK, Ukraine (Reuters) -Russian missiles struck the eastern Ukrainian city of Pokrovsk twice on Monday night, killing nine people, wounding scores and destroying apartments and a popular hotel, officials said. Ukrainian President Volodymyr Zelenskiy said on Tuesday that 82 people were wounded in the attack, and rescue operations in Pokrovsk, about 75…
By Nupur Anand NEW YORK (Reuters) – U.S. bank shares slid on Tuesday after Moody’s downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation’s biggest lenders, sparking concerns about the health of the lenders. Here’s what analysts are saying about the downgrade and the risks…
WASHINGTON/TOKYO (Reuters) -The Pentagon said on Tuesday it was confident about sharing intelligence with Japan, despite a U.S. news report saying Chinese military hackers gained access to Japan’s most sensitive defense networks. On Monday, the Washington Post cited unnamed current and former U.S. and Japanese officials as saying that Chinese military hackers gained access to…
Palantir Technologies Inc (NYSE: PLTR) experienced a downturn in early trading on Tuesday, despite delivering robust second-quarter results. The earnings season has brought in a flurry of excitement, and various analysts have shared their insights from the earnings release. Brian Gesuale, an analyst at Raymond James, remains optimistic with an Outperform rating, and he has…
By Gram Slattery, Alexandra Ulmer and Tim Reid WASHINGTON (Reuters) -Republican U.S. presidential candidate Ron DeSantis replaced his campaign manager on Tuesday as the Florida governor tries to reboot his flagging bid to overtake front-runner Donald Trump in the race for his party’s 2024 nomination. Generra Peck, a longtime DeSantis aide who had served as…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar firmed across the board on Tuesday, garnering safe-haven bids, after a disappointing set of Chinese trade figures hurt the yuan and the Australian and New Zealand currencies, with European risk-sensitive currencies also sliding on the worsening global outlook. The dollar index rose 0.4% to 102.52,…
(Reuters) – Ryan Salame, the former co-chief executive of FTX Digital Markets, is in negotiations with federal prosecutors to plead guilty to criminal charges, Bloomberg News reported on Tuesday, citing people familiar with the case. Salame may enter a plea as soon as next month, but it was unclear whether he would enter into a…
