By Prerana Bhat BENGALURU (Reuters) – The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike,…
Wall Street drops as hawkish Fed official comments weigh
By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in…
Brazil VP-elect Alckmin vows debt reduction, seeks to appease markets
BRASILIA (Reuters) – Brazil’s incoming government will be fiscally responsible, Vice President-elect Geraldo Alckmin said Thursday, promising a budget surplus…
U.S. regulator warns of pump-and-dump IPOs, many from China
By Echo Wang NEW YORK (Reuters) – The U.S. Financial Industry Regulatory Authority (FINRA) warned on Thursday it was seeing…
U.S. mandates new comparison internet service labels
By David Shepardson WASHINGTON (Reuters) – U.S. broadband providers must display information similar to nutrition labels on food products to…
Visa promotes McInerney to CEO as Kelly moves to board
By Manya Saini (Reuters) -Visa Inc on Thursday named its president, Ryan McInerney, as its new chief executive officer to…
Dollar gains, stocks slip as Fed officials talk tough on rates
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – The dollar rose and equity markets slid on Thursday after…
U.S. senators push to ban government deals with Chinese chipmakers -Politico
(Reuters) – U.S. Senate Majority Leader Chuck Schumer and Republican Senator John Cornyn are lobbying hard for a ban on…
Banks fund Tenneco buyout after failed sale attempt
By Matt Tracy WASHINGTON (Reuters) – A group of banks led by Bank of America and Citigroup have funded Apollo…
Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday…