Reuters US Business

(Reuters) – Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public markets as digital assets gain mainstream acceptance. A string of regulatory wins under a pro-crypto White House, corporate treasury adoption and inflows from …

Blockchain lender Figure raises $787.5 million in US IPO Read More »

By Jonathan Stempel (Reuters) -Capital One sued the Federal Deposit Insurance Corporation, accusing the U.S. regulator of imposing an excessive $474.1 million special assessment to recoup losses to its deposit insurance fund following the collapses of Silicon Valley Bank and Signature Bank in 2023. According to a complaint filed on Wednesday in federal court in …

Capital One sues FDIC for overcharge related to two bank failures Read More »

By Tommy Reggiori Wilkes, Elizabeth Howcroft and Hannah Lang LONDON/PARIS/NEW YORK (Reuters) – Companies that accumulate and hoard bitcoin and other cryptocurrencies have suffered sharp drops in their share prices as the crypto mania that has gripped investors for much of the year recedes. These so-called digital asset treasury companies sell shares or issue debt …

Investors retreat as shares in bitcoin buyers decline Read More »

(Reuters) – Concern about a softening job market will keep the Federal Reserve on course to resume its interest rate cuts next week, though the U.S. central bank is likely to move cautiously because of fresh signs that tariffs are pushing prices higher. That was the bet in financial markets on Thursday after government reports …

Fed seen on track for rate cuts as job worries eclipse inflation fears Read More »

FRANKFURT, Sept 11 (Reuters) – The European Central Bank left interest rates unchanged on Thursday as expected but offered no clues about its next move, even as investors continue to bet that more support will be needed as inflation dips below target next year. Following are highlights of ECB President Christine Lagarde’s comments at a …

Lagarde comments at ECB press conference Read More »

NEW YORK (Reuters) – U.S. consumer prices rose more than expected in August while the annual increase in inflation was the largest in seven months, although the numbers will not prevent an interest rate cut from the Federal Reserve next week in the midst of a weakening labor market. The Consumer Price Index rose 0.4% …

Instant View: US consumer prices rise more than expected, but a rate cut still coming Read More »

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -The U.S. dollar has steadied since a record slide earlier this year, but many currency market players still view the greenback as locked in a bearish trend and are bracing themselves for further losses. The dollar index fell about 11% in the six months through …

Analysis-US dollar bears think record slide may resume after recent pause Read More »

By Indradip Ghosh BENGALURU (Reuters) -The Federal Reserve will cut its key interest rate by 25 basis points on September 17 as labor market softness overshadows inflation risks, said almost all 107 economists in a Reuters poll, with most expecting one further cut next quarter. Stalling job growth in August and a sharp downward revision …

September Fed rate cut a done deal, at least one more to follow by year-end: Reuters poll Read More »