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Economy

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Indexes fall 1% as regional banks tumble, investors fret before Fed

The Cheap InvestorMay 2, 2023May 2, 20230

By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes fell more than 1% each on Tuesday as regional…

  • Economy
  • Europe

Russia’s war on Ukraine latest: General says Ukraine won’t give up on Bakhmut

The Cheap InvestorMay 2, 2023May 2, 20230

(Reuters) – The Ukrainian general in charge of ground forces said his troops would not give up the eastern city…

  • Business
  • Economy

Cryptoverse: Digital coins lure inflation-weary Argentines and Turks

The Cheap InvestorMay 2, 2023May 2, 20230

By Medha Singh and Lisa Pauline Mattackal (Reuters) -Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts…

  • Business
  • Economy

Morgan Stanley in talks to resolve probes into block trading practices – filing

The Cheap InvestorMay 2, 2023May 2, 20230

(Reuters) – Morgan Stanley is looking to resolve more than a year long investigation by U.S. regulators into its block…

  • Business
  • Economy

Fund managers at Milken eye fixed income as stocks, real estate lose luster

The Cheap InvestorMay 2, 2023May 2, 20230

By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at…

  • Business
  • Economy

Cineworld gets US court approval to raise $2.26 billion after bankruptcy

The Cheap InvestorMay 2, 2023May 2, 20230

By Dietrich Knauth (Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion…

  • Asia
  • Australia

Marketmind: Crisis over? Don’t bank on it

The Cheap InvestorMay 2, 2023May 2, 20230

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Maybe the U.S….

  • Business
  • Economy

Hoffman and Suleyman’s AI startup Inflection launches ChatGPT-like chatbot

The Cheap InvestorMay 2, 2023May 2, 20230

By Krystal Hu (Reuters) – Inflection AI, the artificial intelligence startup founded by LinkedIn co-founder Reid Hoffman and Google DeepMind…

  • Business
  • Economy

Google, Microsoft CEOs called to AI meeting at White House

The Cheap InvestorMay 2, 2023May 2, 20230

By Nandita Bose and David Shepardson WASHINGTON (Reuters) -The chief executives of Alphabet Inc’s Google, Microsoft, OpenAI and Anthropic will…

  • Business
  • Economy

Prudential Financial profit misses on lower assets under management

The Cheap InvestorMay 2, 2023May 2, 20230

(Reuters) -Prudential Financial Inc reported a lower-than-expected quarterly profit on Tuesday, as the life insurer saw a decline in assets…

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