By Mike Stone and Susan Heavey WASHINGTON (Reuters) -The United States will provide $425 million worth of additional arms and equipment to Ukraine for its ongoing fight against Russia’s invasion, the Biden administration announced on Friday. The package uses the last of the funds in the Ukraine Security Assistance Initiative (USAI), a more than $18…
WASHINGTON (Reuters) – The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote. The Stop Harboring Iranian Petroleum (SHIP) bill, which passed 342-69, would impose measures on foreign ports and refineries that process petroleum exported from Iran in violation of U.S. sanctions. U.S….
By Jody Godoy (Reuters) – FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange’s customers. Here’s what comes next for Bankman-Fried: When will Bankman-Fried be sentenced? U.S. District Judge Lewis Kaplan set Bankman-Fried’s sentencing for March 28, 2024. Bankman-Fried could face decades in prison. Kaplan will…
By Matt Tracy (Reuters) -The restoration of Ford Motor Co’s investment-grade credit rating this week after almost four years as a “junk”-rated company sent some positive ripple effects through the U.S. corporate bond markets, analysts said. S&P Global Ratings on Monday upgraded the automaker’s credit rating to BBB-, returning the company to investment-grade for the…
(Reuters) – Investors channelled substantial sums into global money market funds in the week leading to Nov. 1, seeking the safety of these assets ahead of pivotal policy decisions from the world’s leading central banks. The move towards money markets underscored a broader sense of caution as markets braced for the U.S. Treasury Department’s update…
By Stephen Nellis and Yuvraj Malik (Reuters) -Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3% in after-hours trading. Chief Executive Tim Cook insisted that the company’s new iPhone 15 models were doing well…
