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US bank credit rose last week, while commercial and industrial loans fell -Fed data

The Cheap InvestorJuly 7, 2023July 7, 20230

(Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and…

  • Business
  • Economy

U.S. Black employment falls despite wider job market stability

The Cheap InvestorJuly 7, 2023July 7, 20230

By Safiyah Riddle (Reuters) – The U.S. Black unemployment rate hit a 10-month high in June, driven in large part…

  • Business
  • Economy

Republicans question BlackRock fund governance, revisiting old concerns

The Cheap InvestorJuly 7, 2023July 7, 20230

By Ross Kerber (Reuters) – A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual…

  • Asia
  • Australia

Dollar slips as US job growth slows in June, yen jumps

The Cheap InvestorJuly 7, 2023July 7, 20230

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar slumped on Friday after signs of a less resilient…

  • Business
  • Economy

US job gains smallest in 2-1/2 years; labor market still tight

The Cheap InvestorJuly 7, 2023July 7, 20230

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added the fewest jobs in 2-1/2 years in June, but persistently…

  • Business
  • Technology

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout

The Cheap InvestorJuly 7, 2023July 7, 20230

By Jonathan Stempel (Reuters) – Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover…

  • Business
  • Technology

Twitter may face difficulties showing Meta stole trade secrets

The Cheap InvestorJuly 7, 2023July 7, 20230

By Jody Godoy (Reuters) – Twitter’s claim that Meta Platforms stole trade secrets to build its new microblogging site may…

  • Business
  • Economy

U.S. appeals court upholds Venezuela creditors ability to sue

The Cheap InvestorJuly 7, 2023July 7, 20230

(Reuters) – A U.S. court of appeals on Friday rejected Venezuela’s bid to prevent six companies from joining a proposed…

  • Asia
  • Business

China ends Ant Group’s regulatory revamp with nearly $1 billion fine

The Cheap InvestorJuly 7, 2023July 7, 20230

By Julie Zhu and Jane Xu HONG KONG (Reuters) -Chinese authorities announced on Friday a 7.12 billion yuan ($984 million)…

  • Business
  • Economy

US labor secretary sees no need now to step into UPS-Teamsters talks

The Cheap InvestorJuly 7, 2023July 7, 20230

By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) -Acting U.S. Labor Secretary Julie Su said on Friday she does not…

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