By Stephen Culp NEW YORK (Reuters) – The Nasdaq rose and the dollar weakened on Wednesday as investors weighed solid company earnings against weaker-than-expected economic data and ongoing wrangling in Washington over raising the debt ceiling. While surging tech shares helped the Nasdaq hold positive territory, the S&P 500 and the Dow were weighed down…
By Will Dunham WASHINGTON (Reuters) – Expanding upon the historic first images of black holes, scientists on Wednesday unveiled the first picture showing the violent events unfolding around one of these ravenous cosmic behemoths, including the launching point of a colossal jet of high-energy particles shooting outward into space. The new image was obtained using…
MOSCOW (Reuters) -The United States gave JPMorgan permission to process payments for agricultural exports via the Russian Agricultural Bank, but the arrangement was no substitute for reconnecting the bank to the SWIFT system, two Russian sources told Reuters. Access to the SWIFT payment system for the Russian Agricultural Bank is one of Moscow’s main demands…
By Ted Hesson and Matt Spetalnick WASHINGTON (Reuters) -President Joe Biden’s administration is devising a strategy for the possible arrival of tens of thousands more migrants at the U.S.-Mexico border after the anticipated end of COVID-19 restrictions next month, scrambling to find holding centers, speed deportations and increase processing of refugees abroad. The administration is…
(Refiles to fix formatting) By Laila Kearney NEW YORK (Reuters) – Oil prices dropped by almost 4% on Wednesday, extending the previous session’s sharp losses, even after a report showed U.S. crude inventories fell more than expected, as recession fears grew for the world’s biggest economy. Brent crude settled at $77.69 a barrel, losing $3.08,…
By Herbert Lash NEW YORK (Reuters) – The dollar retreated on Wednesday on fresh signs of a U.S. slowdown after orders for core capital goods fell more than expected in March, while the economic outlook for Europe could surprise to the upside and strengthen the euro. The Swedish crown weakened sharply after the country’s central…
(Reuters) -Venture capital firm Greycroft has raised over $980 million across two funds to invest in early- and growth-stage companies, the venture capital firm said on Wednesday. The latest fundraise marks the largest funds Greycroft has raised since its inception in 2006. Based in New York and Los Angeles, Greycroft invests in consumer and enterprise…
(Reuters) – The U.S. Treasury Department’s Financial Crimes Enforcement Network on Wednesday hit a South Dakota-chartered Kingdom Trust Company with a $1.5 million civil penalty for willfully violating a law requiring banks report suspicious transactions. From February 2016 through March 2021, Kingdom Trust processed billions of transactions without proper controls aimed at preventing money laundering,…
By Dietrich Knauth (Reuters) – Silicon Valley Bank’s former owner may need to take out a bankruptcy loan amid uncertainty about the U.S. Federal Deposit Insurance Company’s seizure of $2 billion in cash from the company, its attorney said Wednesday. SVB Financial has about $180 million on hand and is not in “imminent danger” of…
By Lizbeth Diaz TAPACHULA (Reuters) – Thousands of migrants, detained for months in southern Mexico, formed a new caravan in protest on Sunday to head for the capital to speed up their applications for U.S. asylum. The migrants, mostly Venezuelans, started their march north early in Tapachula, the city bordering Guatemala whose detention centers have…
