(Reuters) – JPMorgan Chase said on Monday it was setting aside another $50 billion for its direct lending push, as the Wall Street giant looks to expand its foothold in the rapidly growing private credit market. Traditional lenders such as JPMorgan, Citigroup, and Wells Fargo are rushing to grab a bigger slice of the booming …
JPMorgan sets aside $50 billion more for direct lending push Read More »
By Neil J Kanatt and Ananya Mariam Rajesh (Reuters) – Starbucks said on Monday it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his turnaround efforts at the coffee chain, which has been struggling with falling sales. “We are simplifying our structure, removing layers and duplication and creating smaller, more nimble …
Starbucks to cut 1,100 corporate roles in CEO Niccol’s turnaround push Read More »
SAN FRANCISCO (Reuters) – Investors and economists expect the U.S. central bank to respond “strongly and systematically” to changes in inflation and the labor market, according to research published on Monday by the San Francisco Fed that underscores the current sensitivity of financial markets to U.S. economic data. The Fed’s perceived responsiveness to economic data picked up …
Fed expected to respond strongly to inflation, job market conditions, research shows Read More »
LONDON (Reuters) – Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time. Bybit CEO Ben Zhou said the crypto was taken from a “cold wallet” – a digital wallet usually stored offline and so supposedly more secure – …
Factbox-Crypto’s biggest hacks and heists after $1.5 billion theft from Bybit Read More »
By Arunima Kumar and Anousha Sakoui (Reuters) – BP’s chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters. BP’s shares have underperformed rivals in recent years …
Exclusive-BP to ditch renewables goals and return focus to fossil fuels Read More »
LONDON (Reuters) – Physically backed gold exchange-traded funds (ETFs) registered the largest weekly inflow since March 2022 last week, data by the World Gold Council (WGC) showed on Monday. Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal, which hit a record high of $2,956.15 …
Gold ETFs drew largest weekly inflow since March 2022, says WGC Read More »
(Reuters) – U.S. oilfield technology firm Baker Hughes said on Monday it has appointed insider Ahmed Moghal as its chief financial officer, effective immediately. Shares of the company fell 1.3% in morning trade. Moghal, who will succeed Nancy Buese, previously served as the finance chief for the company’s industrial and energy technology (IET) business. The …
By Nell Mackenzie LONDON (Reuters) – Hedge funds exited U.S. tech and media stocks in the two weeks to February 21 at the fastest pace in six months, according to Goldman Sachs, just as Nvidia, one of the biggest tech firms by market capitalisation, readies to report earnings. Nvidia’s profit report this week is seen …
Hedge funds exit tech, media stocks at fastest pace in six months, Goldman Sachs says Read More »
By Jaiveer Shekhawat (Reuters) -Robinhood said the U.S. securities regulator had closed its probe into the retail trading firm’s crypto arm with no action, as it seeks to revamp policing of digital assets since President Donald Trump took office. The U.S. Securities and Exchange Commission has moved to ease its crypto-related regulations under Trump’s leadership. …
US securities regulator closes investigation into Robinhood’s crypto arm with no action Read More »
By Aida Pelaez-Fernandez (Reuters) -Peru’s gross domestic product (GDP) will likely expand by 4% this year and rank as the second-fastest growing economy in Latin America, a senior official told reporters on Monday, as inflation is seen holding for another year at around 2%. The Andean economy is bouncing back from recession, with the government …
Peru’s economy seen growing 4% this year with stable inflation Read More »
