Oil settle lower despite record US crude stock drawdown
By Laura Sanicola (Reuters) -Oil prices settled down 2% on Wednesday despite a historic drop in U.S. crude stocks, as…
Dollar shrugs off Fitch’s U.S. downgrade, advances on strong jobs data
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday as investors shrugged off Fitch’s U.S….
AMD shares fall as analysts worry AI chip targets may be ambitious
(Reuters) – Advanced Micro Devices’s shares fell about 6% on Wednesday as analysts raised concerns that the chip designer’s targets…
Conservative activist behind US affirmative action cases sues venture capital fund
By Nate Raymond (Reuters) – A group founded by the conservative activist instrumental in the U.S. Supreme Court’s June decision…
Iran’s navy unveils new vessels equipped with 600-km range missiles – Tasnim
DUBAI (Reuters) -Iran’s Revolutionary Guards’ navy has unveiled new vessels equipped with 600-km range missiles at a time of rising…
UBS lays off Credit Suisse investment bank staff, closes Houston office -source
By Tatiana Bautzer and Shankar Ramakrishnan NEW YORK (Reuters) – UBS Group is laying off employees from Credit Suisse’s investment…
US regulator warns brokers to bolster anti money-laundering efforts
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) has warned some broker dealers to strengthen policies and…
Bausch + Lomb’s Saunders doesn’t expect more big deals in the near term
By Elissa Welle (Reuters) -Eye care firm Bausch + Lomb does not expect to do another big deal for around…
UAW seeks double-digit pay hikes in Detroit Three auto contract talks
By David Shepardson (Reuters) -United Auto Workers (UAW) President Shawn Fain said on Tuesday the union was seeking ambitious benefit…
U.S. housing availability rate slips in second quarter
By Safiyah Riddle (Reuters) – U.S. housing vacancy rates edged lower in the second quarter, according to a government report…