Wall Street firms to pay over $470 million to settle with US regulators over texting
(Reuters) – Another swathe of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to…
2024
Fed’s Bostic says a ‘little more data’ needed to support cutting rates
(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Tuesday said recent economic data has made him “more confident” the U.S….
US approves $20 billion Israel weapons package, including fighter jets
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Tuesday approved the possible sale to Israel of fighter jets and…
World Bank prices $225 million bond linked to Amazon reforestation
NEW YORK (Reuters) – The World Bank issued a $225 million, principal-protected nine-year bond linked to reforestation in the Amazon,…
Google unveils new phones and other gadgets powered by AI
By Kenrick Cai, Max A. Cherney MOUNTAIN VIEW, California -Alphabet’s Google on Tuesday unveiled a lineup of new Pixel smartphones…
U.S. 30-year fixed-rate mortgage plunges to lowest since May 2023, Freddie Mac says
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage plunged to its lowest…
Exclusive-US to lift ban on offensive weapons sales to Saudi Arabia, sources say
By Humeyra Pamuk, Patricia Zengerle and Steve Holland WASHINGTON (Reuters) – The Biden administration has decided to lift a ban…
Global investors pour into money market funds amid market volatility
(Reuters) – Global investors funnelled substantial amounts into money market funds in the seven days to Aug. 7 as they…
Citigroup says wealth unit to sell trust services business
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup’s wealth unit has initiated a process to sell its trust administration and…
Analysis-US stock turbulence throws spotlight on Big Tech’s valuations
By Lewis Krauskopf NEW YORK (Reuters) – A bruising selloff in U.S. stocks is putting a sharper focus on valuations…