By Steve Holland and Nandita Bose WASHINGTON (Reuters) – President Joe Biden challenged Republicans on Tuesday to release a budget proposal and let Americans decide whether they want to stay the course with his economic vision or pursue policies that he says would drive up the national debt. Biden, who opposes putting conditions on a …
Biden pledges to not let America default on its debt Read More »
(Reuters) – Social media platform Reddit Inc is looking to go public later this year, likely in the second half, the Information reported on Tuesday, citing people familiar with the matter. Reddit and other firms including grocery delivery firm Instacart are keeping their initial public offering paperwork up to date, in preparation for their debuts …
Reddit aims for IPO in second half of 2023 – The Information Read More »
(Reuters) -Commonwealth Bank of Australia posted a record cash profit for the half year and said on Wednesday it would buy back additional shares worth A$1 billion ($698.60 million) as a jump in interest rates helped fatten the lender’s margins. The bank had announced a share buy-back of A$2 billion in February last year. Banks …
Australia’s CBA posts record half-year profit, announces additional buy-back Read More »
By Abinaya V, Shubham Kalia and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday ordered Sam Bankman-Fried not to use a virtual private network to access the internet, after prosecutors expressed concern the FTX cryptocurrency exchange founder might try to hide his online activities. U.S. District Judge Lewis Kaplan imposed the VPN ban …
Judge tightens Sam Bankman-Fried’s bail, sets hearing Read More »
(Reuters) – Tesla has changed prices for one version of each of its Model 3 sedan and Model Y crossover, the fourth price adjustment by the electric vehicle maker since the start of the year. Tesla increased the price of its Model Y performance crossover by $1,000 to $58,990, its website showed. It cut the …
Tesla changes U.S. prices for fourth time in two months Read More »
(Updates following end of session with price moves) By Noel Randewich (Reuters) – Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve’s future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. Meta …
Wall Street ends sharply higher as investors eye inflation data Read More »
By Jorgelina do Rosario LONDON (Reuters) -Ghana’s bilateral lenders are discussing the formation of an official creditor committee, a first step needed to engage in debt relief talks for the crisis-hit country, according to two sources with direct knowledge of the matter. The Paris Club of creditor nations has contacted other bilateral creditors, such as …
Ghana bilateral lenders in talks to form official creditor committee Read More »
(Reuters) -Palantir Technologies said it expects 2023 to be its first profitable year as the maker of data analytics software benefits from cost cuts and the artificial intelligence boom, sending its shares up nearly 10% in trading after the bell. The company has reduced employees’ stock-based compensation and cut back on cloud expenditure in recent …
Palantir expects 2023 to be first profitable year, sees AI driving growth Read More »
By Michael S. Derby NEW YORK (Reuters) – NEW YORK, Feb 13 (Reuters) – Americans in January continued to expect high near-term inflation pressures and more modest ones on a longer-term basis, as they trimmed their expectations for future income gains, the New York Federal Reserve said on Monday. Respondents to the regional Fed bank’s …
Americans in January expected mostly stable gains in future inflation, NY Fed says Read More »
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – New York’s chief financial regulator said on Monday it has ordered the firm behind Binance’s stablecoin to stop issuing the token after finding it could not do so in a “safe” manner, in a blow to the world’s biggest crypto exchange. The New York Department of …
New York regulator orders Binance stablecoin backer to stop issuing token Read More »
