Markets brace for deluge of Treasury bill supply after US debt deal
NEW YORK (Reuters) – Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to…
Business
Restaurant chain Cava aims for $2.12 billion valuation in US IPO
(Reuters) – Cava Group Inc, which operates a chain of Mediterranean fast-casual restaurants in the United States, said on Monday…
US services sector softens, factory orders boosted by defense
WASHINGTON (Reuters) – The U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices…
Safran confirms talks with Raytheon over flight control assets
PARIS (Reuters) – French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company…
Factbox-Highlights from SEC complaint against crypto exchange Binance
By Angus Berwick (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday accused the world’s largest crypto exchange,…
Exclusive-Musk’s Neuralink valued at about $5 billion despite long road to market
By Rachael Levy, Krystal Hu and Marisa Taylor (Reuters) – Elon Musk’s brain implant startup Neuralink, which was valued at…
JPMorgan flags some signs of emerging de-dollarisation
By Marc Jones LONDON (Reuters) -Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank…
US hotel operators bank on ‘extended stay’ brands to navigate tight financing
By Doyinsola Oladipo and Bianca Flowers NEW YORK (Reuters) – U.S. hotel executives say they are betting on brands that…
Fairfax Financial to buy majority of PacWest loans sold to Kennedy-Wilson
(Reuters) – Canadian insurer Fairfax Financial Partners said on Monday it had agreed to buy a huge chunk of PacWest…
US banks could face 20% capital hike under new global rules
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks could face capital hikes of as much as 20% under new rules…