By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve’s internal debate over the fate of its balance sheet reduction effort is set to quicken at its March policy meeting, with policymakers first setting the stage for how they’ll likely slow the drawdown, likely deferring a decision on when to stop the process altogether to …
Fed officials will dive into balance sheet debate at March FOMC Read More »
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX, appeared in court on Wednesday for the first time since his November fraud conviction and confirmed he wanted to stick with new lawyers despite a possible conflict of interest. Bankman-Fried, 31, in January hired defense lawyers Marc Mukasey and …
Sam Bankman-Fried to stick with new lawyers despite possible conflict Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq and Dow Industrials closed lower for a third straight session as investors looked toward the release of Nvidia’s earnings that could determine the near-term momentum for equities. Nvidia earnings are due after the …
S&P 500, Dow close slightly up; market awaits Nvidia results Read More »
(Reuters) -Air New Zealand warned on Thursday of tougher trading conditions in the second half of the financial year, hurt by easing travel demand and higher cost pressures, while reporting a 38% fall in its first-half profit. The carrier, which is majority government-owned, is facing “tougher forward trading conditions” as the rapid recovery in travel …
Air New Zealand flags weaker second half, reports earnings drop Read More »
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -The bulk of policymakers at the Federal Reserve’s last meeting were concerned about the risks of cutting interest rates too soon, with broad uncertainty about how long borrowing costs should remain at their current level, according to the minutes of the Jan. 30-31 session. “Participants highlighted the …
Fed worried about cutting rates too soon, minutes of January meeting show Read More »
By Abhirup Roy SAN FRANCISCO (Reuters) -A California regulator has put on hold until June 19 an application by Alphabet’s Waymo to expand its robotaxi services to parts of the Los Angeles area and San Francisco’s peninsula, amid rising safety concerns over autonomous vehicles. The application has been “suspended for further staff review”, a notification …
California puts Waymo robotaxi expansion application on hold until June 19 Read More »
(Reuters) – Democrat Congresswoman Maxine Waters said on Wednesday she was “deeply opposed” to Capital One Financial’s $35.3 billion planned acquisition of Discover Financial and called on banking regulators to block the deal. “This merger represents yet another struggle to rein in the economic power of the megabanks, and ensure that our financial system is …
Congresswoman Maxine Waters ‘deeply opposed’ to Capital One-Discover deal Read More »
(Reuters) – TotalEnergies has signed a strategic partnership with Airbus under which it will supply the planemaker with sustainable aviation fuel to meet more than half its needs in Europe, the French energy group said on Wednesday. The partnership aims to contribute to the reduction of the aviation sector’s CO2 emissions in line with a …
TotalEnergies, Airbus sign partnership in sustainable aviation fuel Read More »
By Himanshi Akhand and Melanie Burton MELBOURNE (Reuters) -Rio Tinto reported a 12% fall in annual underlying earnings on Wednesday, in line with forecasts, but paid a better-than-expected final dividend as it said inflation pressures were starting to recede. Rio said its underlying earnings came in at $11.8 billion for 2023, down from $13.4 billion …
Rio Tinto profit drops 12% but iron ore giant returns more cash to investors Read More »
By Noel Randewich and Caroline Valetkevitch (Reuters) -Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective next week, S&P Dow Jones Indices said on Tuesday. Shares of Amazon rose 1.3% in extended trade after the announcement, while Walgreens dipped 3%. Adding Amazon will increase consumer retail exposure as well …
Amazon to replace Walgreens in Dow Jones Industrial Average Read More »
