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(Reuters) – Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector. The fund, West Street Life Sciences I, will specifically target early to mid-stage therapeutic companies with multi-asset portfolios as well as tools and diagnostics firms. “Life …

Goldman Sachs Asset Management raises $650 million for life sciences fund Read More »

By Michael S. Derby NEW YORK (Reuters) – Some Federal Reserve officials are ready to talk about what it would take for the central bank to stop the ongoing shrinkage of its massive holdings of cash and bonds, opening the door to a notable shift in central bank monetary policy, according to meeting minutes for …

At December meeting, some Fed officials mulled end to balance sheet cuts Read More »

By David Shepardson WASHINGTON (Reuters) -General Motors said on Wednesday it is offering incentives of $7,500 on its electric vehicles that earlier this week lost a U.S. government tax credit, while Ford Motor said it is hiking the prices of some of its F-150 EVs by $10,000. The Treasury issued guidelines in December detailing new …

GM offers $7,500 incentive for EVs losing US tax credit Read More »

(Reuters) – Federal Reserve officials project the U.S. central bank will cut its benchmark overnight interest rate during 2024, but the timing and pace of the reductions in borrowing costs will depend heavily on upcoming inflation and jobs data. The Fed will hold its next policy meeting on Jan. 30-31, and while the central bank …

Explainer-Charting the Fed’s economic data flow Read More »

DUBLIN (Reuters) -A number of online travel agents stopped selling Ryanair flights in early December following legal and regulatory pressure, but the move is not expected to materially affect full-year profit, the Irish airline said on Wednesday. Ryanair said the removal may have been the result of pressure from national consumer protection agencies, new customer …

Ryanair says online travel agents remove flights; sees no impact on profit Read More »

By Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors in Manhattan unveiled criminal charges against a Nigerian fintech businessman who recently bid unsuccessfully for an English Premier League soccer team, saying he lied to investors about his companies’ finances. Odogwu Banye Mmobuosi, 45, the former co-chief executive officer of Tingo Group, was charged with securities fraud, …

US charges ex-fintech CEO who tried to buy Sheffield United with fraud Read More »

By David French (Reuters) -The S&P 500 and Nasdaq Composite ended the first trading session of 2024 lower, weighed by Apple shares falling after a broker downgrade and declines among other big-tech names triggered by a move higher by Treasury yields. The lackluster session follows a year where Wall Street’s three major indexes notched double-digit …

S&P, Nasdaq end down on first session of 2024 as Apple, big tech weighs Read More »

WASHINGTON (Reuters) – U.S. regulators and XCast Labs have proposed to settle charges that the company facilitated billions of illegal robocalls, the Federal Trade Commission said on Tuesday, adding that XCast must cut ties with firms that do not follow telemarketing rules. The FTC also ordered the Voice over Internet Protocol (VoIP) provider to pay …

FTC reaches settlement with XCast Labs over illegal robocalls Read More »

By David Lawder WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said Americans should “cheer up” about the U.S. economy, as inflation subsides further in 2024 amid a strong job market and moderating interest rates. Georgieva told CNN in an interview that aired on Tuesday that the U.S. economy is “definitely” headed for …

IMF’s Georgieva says Americans should ‘cheer up’ about falling inflation -CNN Read More »