By David Milliken LONDON (Reuters) – Britain’s government and the Bank of England “will do what is necessary, for as long as necessary” to return inflation to its 2% target, finance minister Jeremy Hunt said on Monday, adding to signs that interest rates will stay high for some time. “Delivering sound money is our number…
By Ross Kerber (Reuters) – A new Missouri securities rule offers a template for Republican U.S. state officials who want to advance an “anti-woke” business agenda even as such ideas struggle for legislative backing. Missouri’s Republican secretary of state, John “Jay” Ashcroft, issued a rule on June 1 that requires broker-dealers to obtain consent from…
A major player with deep pockets has taken a bullish position on PLTR, raising eyebrows. Today, a substantial position appeared in the publicly available options history, signaling insider knowledge. This is not your average occurrence. A staggering 33 uncommon options trades were uncovered for Palantir Technologies, indicating something significant is brewing. The sentiment among…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to a three-week low on Monday after comments by Federal Reserve officials reinforced market expectations that the U.S. central bank is near the end of its tightening cycle. The Fed, however, is widely expected to raise interest rates by another 25 basis points this month…
By Foo Yun Chee BRUSSELS (Reuters) -The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies that transfer personal data across the Atlantic. The move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices eased 1% on Monday on the increasing likelihood of more U.S. interest rate hikes, but crude supply cuts from top oil exporters Saudi Arabia and Russia limited the losses. Brent crude futures settled down 78 cents, or 1%, at $77.69 a barrel after touching their highest level in…
(Reuters) -Carl Icahn disclosed on Monday he restructured $3.7 billion in personal loans to remove a link between his obligation to post collateral and his holding company’s share price, buoying the stock which had been battered following an attack by short-seller Nathan Anderson. Shares of Icahn Enterprises LP (IEP) had dropped as much as 64%…
(Reuters) -Shares of Surf Air Mobility are expected to start trading on the New York Stock Exchange during the week of July 24, the electric aviation and regional air travel company said on Monday. The company had earlier set a date on or about July 11, according to its filing with the U.S. Securities and…
By David Shepardson WASHINGTON (Reuters) -The White House will brief senators Tuesday on artificial intelligence in a classified setting as lawmakers consider adopting legislative safeguards on the fast-moving technology. The 3 p.m. ET briefing, organized by Senate Democratic Leader Chuck Schumer and other senators, will be the first-ever classified Senate briefing on AI and will…
By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Monday that still-strong levels of underlying inflation pressures are pointing the central bank toward more rate rises. “The economy has shown more underlying strength than anticipated earlier this year, and inflation has remained stubbornly high, with progress on core inflation…
