By Jonathan Stempel (Reuters) -United Airlines has asked a federal judge to dismiss a lawsuit claiming it unfairly charged passengers extra money to sit in “window seats” that, to their surprise, lacked windows. Passengers filed proposed class actions in August against United and Delta Air Lines after finding their seats on Boeing 737, Boeing 757 …
United Airlines seeks to end lawsuit over windowless ‘window seats’ Read More »
By Elizabeth Howcroft PARIS (Reuters) -Crypto tokens linked to mainstream financial assets could create new risks for investors, the global securities regulator IOSCO said in a report on Tuesday, as the finance industry remains split on the merits of “tokenization”. Tokenization – the process of creating blockchain-based tokens linked to real-world assets such as stocks …
Global securities watchdog says ‘tokenization’ creates new risks Read More »
(Reuters) -The U.S. government “made money” by giving support to the Argentine central bank ahead of last month’s midterm election in the South American country, Treasury Secretary Scott Bessent said on Tuesday. “We used our financial balance sheet to stabilize the government, one of our great allies in Latin America, during an election,” Bessent said …
US profited from Argentina currency swap deal, Treasury chief Bessent says Read More »
By Douglas Gillison WASHINGTON (Reuters) -The top U.S. consumer watchdog said on Monday it was legally prohibited from drawing cash from the Federal Reserve to support continuing operations, but that its current funding should last through the end of this year “at least”. The U.S. Consumer Financial Protection Bureau has declined funding since President Donald …
US consumer watchdog says it is legally blocked from accessing funds Read More »
By Rodrigo Campos NEW YORK (Reuters) -A pick-up in flows into stocks led the way as non-resident investors added $26.9 billion to their emerging markets’ equities and debt portfolios in October, data from a banking trade group showed. The inflow last month marks an uptick on the $21.1 billion in September and compares to a …
Stocks shine as foreigners add $27 billion to EM portfolios in October, says IIF Read More »
FRANKFURT (Reuters) -JPMorgan has moved 120 employees for its upcoming digital retail bank into its new central Berlin headquarters and expects to hire more people in the years to come in a building with space for 400. The bank, which will launch its Chase digital retail bank in Germany in the second quarter of next …
JPMorgan employs 120 at digital retail bank in Germany, to grow over time Read More »
(Reuters) -CoreWeave’s shares tumbled 10% on Tuesday after it scaled back its annual revenue forecast due to data center hiccups despite strong demand for its artificial intelligence services. The Nvidia-backed company’s margins are pressured by soaring infrastructure expenses, rising AI chip prices and intensifying competition for computing power, weighing on profitability. CoreWeave said it faced …
Nvidia-backed CoreWeave’s shares fall as data center delay hits annual revenue forecast Read More »
(Reuters) -The S&P 500 and the Nasdaq opened lower on Tuesday with concerns around elevated technology valuations resurfacing, while markets monitored progress toward the end of the longest government shutdown in U.S. history. The Dow Jones Industrial Average rose 15.9 points, or 0.03%, at the open to 47,384.51. The S&P 500 fell 16.8 points, or …
S&P 500, Nasdaq slip as tech valuation jitters resurface; federal reopening eyed Read More »
(Corrects November 9 story to change firm name in paragraph 10 to Glenmede from Glenmede Wealth Management) By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -The stock market’s recent weakness marked a speed bump in a rally that had driven stocks to a series of record highs, but many investors view the pullback …
Analysis-Stock market hits speed bump but investors stay on bullish path Read More »
By Manya Saini (Reuters) -SoFi on Tuesday announced plans to roll out crypto trading for customers, as the multi-trillion-dollar crypto sector continues to attract traditional financial firms amid clearer regulation and growing adoption. Retail momentum and institutional entry have been boosting crypto adoption as well as driving a rise in trading activity that is lifting …
SoFi rolls out crypto trading as digital asset gold rush draws lenders Read More »
