C.H. Robinson misses quarterly estimates on softening freight demand
(Reuters) – C.H. Robinson Worldwide Inc missed Wall Street expectations for quarterly sales and profit on Wednesday, as the logistics…
Economy
First Republic plumbs new lows, options dwindle
By Nupur Anand, Saeed Azhar and Niket Nishant (Reuters) -First Republic Bank’s market value plunged again on Wednesday as investors…
No near-term solution for US debt ceiling adds economic headwind -PIMCO
By Davide Barbuscia CHICAGO (Reuters) -A U.S. default is highly unlikely, but negotiations around the debt ceiling are expected to…
Tech powers Nasdaq gains; recession fears weigh on cyclicals, dollar
By Stephen Culp NEW YORK (Reuters) – The Nasdaq rose and the dollar weakened on Wednesday as investors weighed solid…
US official says Chinese cloud companies like Huawei could pose threat
By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like…
Exclusive-US allowed JPMorgan payment route for Russian grain export
MOSCOW (Reuters) -The United States gave JPMorgan permission to process payments for agricultural exports via the Russian Agricultural Bank, but…
Oil drops nearly 4% as recession fears outweigh US inventory draw
(Refiles to fix formatting) By Laila Kearney NEW YORK (Reuters) – Oil prices dropped by almost 4% on Wednesday, extending…
Dollar weakens on fresh signs of slowdown, euro rebounds
By Herbert Lash NEW YORK (Reuters) – The dollar retreated on Wednesday on fresh signs of a U.S. slowdown after…
Venture capital firm Greycroft raises nearly $1 billion across two funds
(Reuters) -Venture capital firm Greycroft has raised over $980 million across two funds to invest in early- and growth-stage companies,…
Bank of Canada refrained from rate hike to collect more economic evidence
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) – The Bank of Canada (BoC) did not hike interest rates earlier…