By Laila Kearney NEW YORK (Reuters) -Oil settled up about $1 a barrel on Friday and notched a second straight…
Fed can likely slow runoff as bank reserves near 10% to 11% of GDP
(Reuters) – The Federal Reserve can probably start to slow its balance sheet runoff once bank reserves fall to around…
U.S. fines J&J $9.75 million over kickbacks to surgeon for overseas surgeries
By Jonathan Stempel (Reuters) – Johnson & Johnson and its DePuy Synthes unit will pay $9.75 million to settle U.S.…
Fed’s Waller, citing “good news,” backs quarter-point increase at next meeting
By Howard Schneider and Ann Saphir (Reuters) -U.S. Federal Reserve Governor Christopher Waller, one of the leading inflation hawks and…
Samsung loses bid to pause Caltech patent lawsuit over wireless chips
By Blake Brittain (Reuters) – Samsung Electronics Co failed to convince an East Texas federal court on Friday to pause…
French court orders Uber to pay some $18 million to drivers, company to appeal
By Tassilo Hummel PARIS (Reuters) – French court on Friday ordered Uber to pay around 17 million euros ($18.43 million)…
FTX wins court approval to hire bankruptcy lawyers amid conflicts concerns
By Dietrich Knauth and Andrew Goudsward (Reuters) -A U.S. judge on Friday signed off on FTX’s choice of legal advisers…
Hedge fund industry lost $125 billion worth of assets in 2022 – HFR
By Nell Mackenzie LONDON (Reuters) – Almost $125 billion worth of assets, from performance losses left the hedge fund industry…
Smaller Fed rate increase may augur end to ‘ongoing’ hikes
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is set to again slow the pace of its interest rate…
Apple wins appeal to keep $308 million U.S. patent verdict at bay
By Blake Brittain (Reuters) – A U.S. appeals court on Friday affirmed a decision to throw out a $308.5 million…