By Niket Nishant, Manya Saini and Andrea Shalal (Reuters) -U.S. President Donald Trump’s administration could kick off initial public offerings of Fannie Mae and Freddie Mac later this year, according to a senior administration official, marking a key milestone for the mortgage finance giants that have been under government control for years. The share sales …
By Jonathan Stempel NEW YORK (Reuters) -The U.S. Securities and Exchange Commission said it ended its case accusing Ripple Labs of selling unregistered securities, leaving a $125 million fine intact and ending one of the cryptocurrency industry’s highest-profile lawsuits. Ripple and the SEC agreed on Thursday to dismiss their appeals of the fine imposed by …
SEC ends lawsuit against Ripple, company to pay $125 million fine Read More »
WASHINGTON (Reuters) -The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems the more serious threat in deciding whether it is appropriate to reduce interest rates, St. Louis Fed President Alberto Musalem said on Friday. Between tariffs pushing up prices and job growth slowing, “there …
Fed’s Musalem: There are risks now to both the inflation and jobs goals Read More »
By Rishab Shaju and Ateev Bhandari (Reuters) -Medtech firm Heartflow was valued at $2.27 billion on Friday, with its shares surging 47.4% in the Nasdaq debut, as the IPO market gathers momentum and outrides tariff worries. The shares opened at $28 and went as high as $31.5, signaling robust investor appetite for companies leveraging artificial …
Bain Capital-backed Heartflow valued at $2.27 billion in solid Nasdaq debut Read More »
(Reuters) -The National Highway Traffic Safety Administration said it had opened an audit into 137,256 Kia America vehicles on Friday to assess the effectiveness of the automaker’s remedy for defective piston oil rings in some Seltos and Soul models. In February, Kia America launched a recall of the said Seltos and Soul vehicles, model year …
NHTSA opens audit query into more than 137,000 Kia America vehicles Read More »
By Nivedita Balu TORONTO (Reuters) -Sun Life Financial’s shares plunged as much as 8.5% on Friday, a day after the Canadian insurer said it would miss a 2025 profit target for its dental business in the U.S. due to uncertainty over Medicaid funding. Sun Life, which bulked up its dental business through the $2.5 billion …
Sun Life shares plunge as Medicaid uncertainty prompts US dental forecast revision Read More »
(Reuters) -HSBC has lifted its silver price forecasts for 2025, 2026, and 2027, citing strong support from high gold prices and safe-haven demand in the face of geopolitical and economic uncertainty. The bank now expects average silver prices of $35.14 per ounce in 2025, up from $30.28 previously, $33.96 in 2026, against an earlier forecast …
HSBC raises silver price outlook on gold strength, geopolitical risks Read More »
By Arsheeya Bajwa (Reuters) -Intel CEO Lip-Bu Tan is already facing an uphill battle in turning around the ailing chipmaker. Now, U.S. President Donald Trump’s demand that Tan resign over his ties to Chinese firms will only distract him from that task, two investors and a former senior employee said. Trump said on Thursday that …
Analysis-Trump call to oust Intel CEO Tan could sidetrack chipmaker’s turnaround Read More »
By Johann M Cherian and Rodrigo Campos (Reuters) -Bolivia’s international bonds have rallied ahead of a fiercely contested presidential election, fueled by investors’ hopes that a political U-turn could help shore up the country’s fragile economy and pave the way for an IMF program. The South American nation of 12 million people is engulfed in …
Analysis-Investors betting voters in Bolivia will make a turn to the right Read More »
By Shivangi Lahiri and Rajasik Mukherjee (Reuters) -Australia’s QBE Insurance posted a stronger-than-expected interim profit on Friday, driven by solid premium growth in its international and North American operations, along with lower-than-anticipated catastrophe claims. QBE, Australia’s biggest insurer by market value, posted an adjusted net profit after tax of $997 million for a six-month period …
QBE Insurance’s interim profit tops estimates on premium growth, lower claims Read More »
