By Lewis Krauskopf NEW YORK (Reuters) – Some U.S. investors are looking abroad to capture better stock returns in the…
Carvana terminates more workers amid weak used car sales -WSJ
(Reuters) – Carvana Co is terminating more workers and take other measures such as reduced work hours as the used-car…
Yen jumps on BOJ policy speculation, dollar edges off 7-month low
By John McCrank NEW YORK (Reuters) -The yen surged on Friday, adding to earlier gains on speculation the Bank of…
Exclusive-Nissan to consider Renault proposal on IP safeguards-sources
By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – A committee of Nissan’s board is set to meet…
Crypto investor Justin Sun says willing to spend up to $1 billion on DCG assets
By Elizabeth Howcroft LONDON (Reuters) – Chinese crypto entrepreneur Justin Sun is willing to spend $1 billion of his own…
Citigroup misses profit estimates on provision hike, dealmaking slowdown
By Mehnaz Yasmin and Carolina Mandl (Reuters) – Citigroup Inc reported a 21% fall in quarterly profit on Friday, missing…
White House says it will not negotiate over the debt ceiling
WASHINGTON (Reuters) – The White House said on Friday it will not negotiate over the debt ceiling and there are…
JPMorgan ‘open for business’ in leveraged loans as rivals get stuck with losses
By Matt Tracy (Reuters) – JPMorgan Chief Financial Officer Jeremy Barnum told investors the bank is “absolutely open for business”…
Fed’s Powell noted “balance of risks” in rate hike path from 2018 onwards, transcripts show
By Lindsay Dunsmuir and Michael S. Derby (Reuters) – Two months before he became Federal Reserve chair, Jerome Powell urged…
BNY Mellon to cut 3% of workforce this year – source
By Manya Saini (Reuters) -Bank of New York Mellon Corp is planning to cut around 3% of its workforce this…