Wall Street sinks as weak earnings fan fears of economic slowdown
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – Wall Street’s major averages suffered their deepest declines so far…
Economy
UK food banks give out record amount as rising living costs drive hardship
LONDON (Reuters) – Britain’s biggest food bank network said the amount of emergency food parcels it distributed rose 37% to…
Top US banks face little investor pressure on fossil-fuel financing
By Ross Kerber (Reuters) -Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the…
More bank jitters as First Republic probes asset sales, ‘bad bank’ options -source
By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around…
Visa’s payments business helps profit exceed Wall Street estimates
By Mehnaz Yasmin (Reuters) -Visa Inc reported a better-than-expected second-quarter profit on Tuesday and bet on sustained growth at its…
Google parent announces stock buyback, modest beat on ad sales
By Akash Sriram and Greg Bensinger (Reuters) -Alphabet Inc said on Tuesday it would buy back $70 billion in stock…
Marketmind: Banking blip? Not so fast
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An unholy trinity…
Price hikes boost profits at global consumer giants; will spending last?
By Doyinsola Oladipo NEW YORK (Reuters) -Major global brands like McDonald’s, General Motors and Nestle posted steady first-quarter results built…
Senior Citi banker departs shortly after report of Epstein meetings
(Reuters) – Citigroup senior executive Paul Barrett has left the bank, it said on Tuesday, days after media reports that…
New York Fed limits types of firms that can access its reverse repo facility
By Michael S. Derby (Reuters) – The Federal Reserve Bank of New York on Tuesday added new limitations to the…