By Josephine Walker WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval rating held steady at 40% in early July, close to the lowest levels of his presidency, as economic worries continued to trouble Americans, according to a Reuters/Ipsos poll this week. The three-day online poll, which asked Americans, “Do you approve or disapprove of…
By Sruthi Shankar and Medha Singh (Reuters) -A “special rebalance” of the Nasdaq 100 index will take place later this month as exchange operator Nasdaq looks to reduce the concentration of heavyweight companies that account for nearly half of the index’s weight. A blistering rally in growth and technology stocks has lifted the Nasdaq 100…
By Brian Snyder and Rich McKay MONTPELIER, Vermont (Reuters) – A dam upstream from the Vermont state capital was holding at maximum capacity on Tuesday after “catastrophic” flooding shut down roadways leading out of Montpelier and trapped people in their homes. The Wrightsville Dam, which forms a reservoir four miles (6.4 km) north of Montpelier,…
(This July 11 story has been corrected to add ‘CoinShares’ in paragraph 2 and ‘funds investing in crypto’ in paragraph 4) By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) – Global hedge funds not specialising in crypto assets have grown skittish from recent industry turmoil and this has lead to an exit from the sector,…
By John McCrank NEW YORK (Reuters) – Exchange operator Cboe Global Markets on Tuesday filed amended applications to list and trade shares of three spot bitcoin exchange-traded funds, including one by Fidelity, to add surveillance-sharing agreements with crypto-trading platform Coinbase. Shares of Coinbase closed up 9.8% at $89.15 on Tuesday and hit their highest level…
By Jonathan Stempel NEW YORK (Reuters) -Donald Trump suffered a legal defeat on Tuesday as the U.S. government reversed its earlier position that the former president could be immune from the writer E. Jean Carroll’s $10 million defamation lawsuit against him. In a letter to Trump’s and Carroll’s lawyers, the U.S. Department of Justice said…
By David French and Pablo Mayo Cerqueiro NEW YORK/LONDON (Reuters) -One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discussing strategic options for its XL…
(Reuters) -The armed confrontation in Ukraine will continue until the West gives up plans to dominate and defeat Moscow, Russian Foreign Minister Sergei Lavrov said in an interview with an Indonesian newspaper published on Wednesday. The goal of the “US-led collective West” is to strengthen its global hegemony, Lavrov told the Kompas newspaper. Lavrov is…
By Deborah Mary Sophia (Reuters) – Back-to-school spending is expected to fall for the first time in nine years as shoppers across all income levels pull back on non-essential purchases and prioritize necessities amid sticky inflation, according to a Deloitte report on Wednesday. Consumers are expected to spend 10% less this year, with average spend…
By Nancy Lapid (Reuters) – High rates of pregnancy-related deaths among women of African descent in North and South America are likely due largely to racism in the form of verbal and physical abuse from health care providers, denial of quality care, and refusal of pain relief, a U.N. report found. The new analysis by…
