Explainer-U.S. debt ceiling focus on ‘discretionary spending’ means cuts ahead
By Jarrett Renshaw and Andy Sullivan WASHINGTON (Reuters) -The central pillar of any debt-ceiling agreement between President Joe Biden and…
Business
Accenture secures up to $2.6 billion contract to modernize IRS systems
(Reuters) – An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the…
Chipmaker Analog Devices’ weak forecast sparks share selloff
(Reuters) -Analog Devices Inc said on Wednesday that a turbulent economy would weigh on its third-quarter results, sending the chipmaker’s…
Murmurs grow within Fed about tweaking 2% target once inflation recedes
By Michael S. Derby (Reuters) – A couple of regional Federal Reserve presidents recently have signaled an openness to examining…
EU, U.S. to seek stopgap standards for AI – EU tech chief
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on…
No way to police all cryptocurrency fraud, CFTC commissioner says
By Luc Cohen NEW YORK (Reuters) – A top U.S. regulator said on Tuesday there is no way to police…
EU court rejects Meta challenge to antitrust information requests
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as…
IMF’s Georgieva confident US will not default on debt
By Andrew Mills DOHA (Reuters) -The managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Wednesday she…
Higher interest rates boost hedge fund stock borrowing to record high – Goldman
By Nell Mackenzie LONDON (Reuters) – Borrowing across the global hedge fund industry has hit record highs, Goldman Sachs said…
Analysis-EU power battle risks denting planned safeguards for financial products
By Huw Jones LONDON (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a…