(Reuters) – Another swathe of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission said in statements on Wednesday. Toronto-Dominion Bank’s TD Securities, BNY Mellon and Truist were among the among…
(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Tuesday said recent economic data has made him “more confident” the U.S. central bank can get inflation back to its 2% target, but he wants to see “a little more data” before he’s ready to support lowering interest rates. Bostic, speaking at an event in Atlanta, noted…
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Tuesday approved the possible sale to Israel of fighter jets and other military equipment worth over $20 billion, the Pentagon said. In a statement, the Pentagon said Blinken approved the possible sale of F-15 jets and equipment worth nearly $19 billion. He also approved the possible…
(Reuters) – Global investors funnelled substantial amounts into money market funds in the seven days to Aug. 7 as they rushed for safety amid a surge in market volatility triggered by fears of a U.S. slowdown and a strengthening yen that prompted unwinding of carry trades. According to LSEG data, investors purchased a hefty $98.58…
By Humeyra Pamuk, Patricia Zengerle and Steve Holland WASHINGTON (Reuters) – The Biden administration has decided to lift a ban on U.S. sales of offensive weapons to Saudi Arabia, three sources familiar with the matter told Reuters on Friday, reversing a three-year-old policy to pressure the Kingdom to wind down the Yemen war. The administration…
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup’s wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank said in a statement on Friday.”To enhance our focus on delivering the wealth structuring advice that matters most to our global clients, Citi Wealth has initiated a process to sell…
By Lewis Krauskopf NEW YORK (Reuters) – A bruising selloff in U.S. stocks is putting a sharper focus on valuations of the tech names such as Nvidia and Microsoft that have driven markets higher for most of this year. Despite a recent pullback, the S&P 500 tech sector is trading at 29.5 times 12-month earnings…
WASHINGTON (Reuters) – U.S. House of Representatives Homeland Security Committee has called on CrowdStrike CEO George Kurtz to testify about a recent massive global outage, the Washington Post reported on Monday, citing a letter by the congressional panel. CrowdStrike’s glitchy update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting internet…
By Lisa Richwine, Dawn Chmielewski and Danielle Broadway LOS ANGELES (Reuters) – A Hollywood “Dembargo” on political donations has ended, as key fundraisers and celebrities from rapper Cardi B, Oscar winner Jamie Lee Curtis and TV producer Shonda Rhimes endorsed Kamala Harris as the next Democratic nominee for U.S. president. Relief and excitement spread across…
By Trevor Hunnicutt, Nandita Bose and Jeff Mason WASHINGTON (Reuters) -U.S. Vice President Kamala Harris swiftly consolidated Democratic support for her presidential bid on Monday, securing commitments from hundreds of convention delegates, announcing a massive fundraising haul and earning endorsements from top party figures after President Joe Biden abruptly left the race. Former Speaker Nancy…
