By Herbert Lash and Chuck Mikolajczak NEW YORK (Reuters) – The Dow fell more than 1% on Tuesday as weak earnings from Goldman Sachs dragged the index lower, but a jump in Tesla shares helped the Nasdaq stay postive as the corporate earnings season took center stage. The rise in Tesla Inc after the electric-vehicle…
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar weakened against the Japanese yen on Tuesday amid expectations of a possible policy shift at the Bank of Japan, while stocks on Wall Street mostly fell following disappointing quarterly results from Goldman Sachs. Japan’s decades of ultra-low interest rates may reach a turning point on Wednesday,…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The waiting is almost over. The Bank of Japan (BOJ) on Wednesday delivers one of its most eagerly anticipated policy decisions in years, if not decades, after it stunned markets last month by unexpectedly tweaking its ‘yield curve…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations of a possible policy shift at the Bank of Japan (BOJ) that could end its so-called “yield curve control” and be a precursor to adopting a tighter monetary stance. The expectations have…
(Reuters) – A U.S. Justice Department official on Tuesday said the agency is rolling out new policies aimed at boosting incentives for companies to disclose any misconduct they uncover to authorities. The revisions to the agency’s existing policy apply to all corporate criminal matters handled by the Justice Department’s criminal division, Assistant Attorney General Kenneth…
(Reuters) – Passive products from BlackRock Inc, Vanguard Group and others were rare cash recipients last year as U.S. mutual and exchange-traded funds suffered $370 billion in net withdrawals, their first annual outflows on record, researcher Morningstar Inc said. Looking to track indexes, investors withdrew a net $926 billion from actively-managed funds in 2022, their…
By Blake Brittain (Reuters) – The U.S. Supreme Court on Tuesday asked for the Biden Administration’s views on Apple Inc and Broadcom Inc’s bid to revive their challenges to patents owned by the California Institute of Technology, in a dispute in which Caltech previously won $1.1 billion in damages from the companies. The justices asked…
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday began hearing arguments over a bid by Turkey’s state-owned lender Halkbank to avoid criminal charges in the United States for allegedly helping Iran evade American economic sanctions. The justices are weighing Halkbank’s appeal of a lower court’s ruling in favor of…
By Manya Saini and Carolina Mandl (Reuters) -Shares in Morgan Stanley soared over 7% in early trading as the bank reported a smaller-than-expected 41% drop in fourth-quarter profit on Tuesday, driven by higher revenue at its wealth management division and a boost from its trading business. The bank’s performance in those sectors helped offset sluggish…