By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used. The Bank for International Settlements (BIS) project, codenamed Atlas, began at the Dutch central bank more than five years ago, …
Central bank test lab develops global bitcoin mapping system Read More »
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy risks collecting minimal proceeds from a windfall tax on banks after it gave lenders the option to set aside money instead of paying the levy, three sources close to the matter said. With no provisions in the law over capital levels and distribution policies, it …
Italy risks raising next to nothing from bank tax, sources say Read More »
By Hannah Lang (Reuters) – Former FTX chief operating officer Constance Wang agreed to serve as a witness for U.S. prosecutors in their case against the crypto exchange’s founder and former CEO Sam Bankman-Fried, according to Michael Lewis’ new book on FTX’s collapse. “Going Infinite: The Rise and Fall of a New Tycoon” hit the …
FTX’s COO Wang agreed to be witness for US authorities in Bankman-Fried probe, book says Read More »
By David Shepardson (Reuters) -General Motors said on Tuesday it was laying off another 163 workers in Ohio because of the ongoing United Auto Workers strike at two assembly plants and 18 parts distribution centers. The Detroit automaker said it had furloughed the 163 UAW workers at GM’s Toledo Propulsion Systems plant that makes transmissions …
GM furloughs another 163 workers due to UAW strike Read More »
By Hannah Lang and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Tuesday asked a federal judge to deny a motion from Coinbase Global to dismiss the regulator’s lawsuit against the cryptocurrency exchange. The agency said Coinbase was wrong to rely on a recent court ruling that found cryptocurrency developer Ripple Labs …
US SEC asks judge to deny Coinbase motion to dismiss its lawsuit Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Federal Reserve’s stance of “higher for longer” on interest rates has become a major challenge and the economy is already showing signs that it is so, said DoubleLine Capital Chief Executive Officer Jeff Gundlach. “It’s a problem,” Gundlach, noting that the stock market “has already figured it …
DoubleLine’s Gundlach says Fed’s ‘higher for longer’ stance a problem Read More »
(Reuters) – Insulet Corp said on Tuesday Wayde McMillan would step down as the medical device maker’s chief financial officer, effective Oct. 20, to join 3M’s healthcare business. McMillan would join 3M as the financial chief of its healthcare business, which the U.S. industrial conglomerate plans to spin off into a listed company. 3M expects …
Insulet CFO to step down to join 3M’s healthcare business Read More »
By Stephen Nellis and Samrhitha A (Reuters) -Chipmaker Intel said on Tuesday it plans to operate its programmable chip unit as a standalone business starting January next year, with plans to hold a public offering for stock in the business over the next two to three years. Intel shares were up more than 2% after …
Intel to spin out programmable chip unit, hold IPO; shares rise 2% Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index closed at its lowest level since June 1 on Tuesday as economic data underscored the view the Federal Reserve may need to keep interest rates high. The Dow turned negative for the year for the first time since June and ended at its lowest …
S&P 500 ends at lowest since June 1 as data fuels rate worries Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Stick it out, double down, or cut your losses? This is the dilemma many fund managers are facing regarding the bond portion of their portfolio as the final quarter of a potentially historic year for U.S. Treasuries gets underway. Treasuries are on track to record a rare hat trick …
Bonds eye Q4 salvation in another year to forget: McGeever Read More »
