(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will…
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net interest income growth.OCBC, which is also Southeast Asia’s second-biggest bank by assets, said January-March net profit rose to a record S$1.88 billion ($1.42…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden and top lawmakers failed to break a deadlock on Tuesday in face-to-face talks over raising the $31.4 trillion U.S. debt limit but vowed to meet again with just three weeks before the country may be forced into an unprecedented default. After about an hour of talks…
(Reuters) – SVB Financial Group will be unable to meet the U.S. Securities and Exchange Commission’s deadline for its quarterly report for the three months ended March 31, the bankrupt parent of Silicon Valley Bank disclosed in a filing on Tuesday. (Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)
By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency…
FRANKFURT (Reuters) – The European Central Bank will keep raising borrowing costs until it sees core inflation decline sustainably, ECB board member Isabel Schnabel said on Tuesday, adding market expectations for rate cuts were misplaced. Schnabel backed the ECB’s decision last week to slow down the pace of rate hikes but said these will continue…
By Shreyashi Sanyal, Shristi Achar A and Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes were mostly lower on Tuesday afternoon as investors grew more cautious ahead of the U.S. consumer price index report, while disappointing forecasts from companies such as PayPal and Apple supplier Skyworks weighed on the mood. Shares of PayPal…
By Michael S. Derby NEW YORK (Reuters) -New York Fed President John Williams said on Tuesday it is too soon to say whether the U.S. central bank is done raising interest rates, arguing that if more action is needed policymakers won’t hesitate to act. “We haven’t said we are done raising rates” and officials have…
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Platforms. The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or…
(Reuters) – Americans’ confidence in Federal Reserve Chair Jerome Powell’s economic stewardship has skidded to the lowest of any recent U.S. central bank head, according to a Gallup poll released Tuesday that also showed broad doubts about the country’s economic leadership overall. Just 36% of respondents to a Gallup poll taken last month said they…
