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(Reuters) – Union Pacific said on Friday a delay in shipments is expected to continue in the states impacted by heavy snow and severe thunderstorms as road closures were disrupting its ability to transport crews to operate trains. The railroad operator said its engineering crews are working to restore operations throughout its network and delays …

Union Pacific expects delay in rail shipments until weather conditions improve Read More »

(Reuters) -A raft of investment managers launched the first U.S. spot bitcoin exchange-traded funds (ETF) Jan. 11, in a milestone for the cryptocurrency industry that kicked off a fierce competition for market share. The U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs from BlackRock , VanEck, Ark Investments/21Shares and Bitwise, among …

Spot bitcoin ETF issuers compete on fees for market share Read More »

By Shivansh Tiwary and Doyinsola Oladipo NEW YORK (Reuters) -More travelers are checking the model of an aircraft before booking flights after a midair cabin blowout forced a new Alaska Airlines-operated Boeing jet to make an emergency landing and grounded more than 170 planes, several travel operators said. A piece of fuselage tore off the …

Fliers check plane model when booking trips after Boeing’s midair blowout Read More »

By Rae Wee and Ankur Banerjee (Reuters) – For global investors who came into 2024 with doubts about how long stock markets can rally and when central banks will cut rates, a sudden widening of the war in Gaza is swaying the narrative and could prompt them to cut exposure to risk. Market reactions were …

Analysis-Middle East escalation tilts balance of risks in markets Read More »

(Reuters) – South Korea’s financial regulator on Friday said brokering U.S. spot bitcoin exchange-traded funds (ETFs) may be illegal in local markets, in an official response to the U.S. Securities and Exchange Commission’s approval of such ETFs. “For domestic securities firms, any brokering of overseas-listed Bitcoin spot Exchange Traded Funds may violate the existing government …

South Korean regulator warns brokering US bitcoin ETFs locally may be illegal Read More »

By Ann Saphir (Reuters) -Chicago Federal Reserve President Austan Goolsbee on Thursday called 2023 a “hall-of-fame” year for falling inflation, which has paved the way for a few U.S. interest rate cuts in 2024 as long as that trend continues. At the same time, Goolsbee said, he needs to see more data confirming the recent …

Exclusive-Goolsbee sees progress on inflation, says his rate-cut forecast near Fed median Read More »

By Howard Schneider and Lindsay Dunsmuir RICHMOND, Virginia (Reuters) – U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank’s 2% target to allow them to reduce interest rates in coming months. Overall consumer price inflation …

Fed officials say December CPI did not budge view of inflation Read More »

By Jonathan Stempel NEW YORK (Reuters) – A former Goldman Sachs and Blackstone analyst admitted to an insider trading charge on Thursday, after prosecutors accused him of passing tips to two friends about planned corporate mergers and partnerships. Anthony Viggiano, 27, of Baldwin, New York, pleaded guilty to one count of securities fraud before U.S. …

Former Goldman, Blackstone analyst pleads guilty to insider trading Read More »

By Chris Prentice, Lananh Nguyen and Niket Nishant (Reuters) – Morgan Stanley is nearing a deal to pay less than $500 million to resolve a government probe into its handling of big stock sales, according to a source with knowledge of the matter. The penalty will be part of a resolution in which prosecutors were …

Morgan Stanley nears deal to pay less than $500 million to resolve trading probe -source Read More »

By Milana Vinn and Anirban Sen NEW YORK (Reuters) -Bain Capital and Hellman & Friedman are competing to acquire DocuSign Inc, the provider of online signature services with a market value of about $12.5 billion, according to people familiar with the matter. The two private equity firms are among the final bidders in the auction …

Exclusive-Bain, Hellman & Friedman vying to acquire DocuSign -sources Read More »