By Dan Burns NEW YORK (Reuters) – The underlying health of the U.S. economy is quite strong and massive investments…
U.S. lawmakers say some fintechs failed to prevent ‘obvious’ pandemic fraud
By Hannah Lang (Reuters) -Several fintech companies that facilitated high volumes of pandemic-related loans to businesses in 2020 had inadequate…
U.S. banks profits rise in 3rd quarter, despite warning signs -FDIC
By Carolina Mandl NEW YORK (Reuters) – U.S. banks reported a 3.2% rise in third-quarter net income from a year…
REUTERS NEXT: Treasury’s Adeyemo says China continues to struggle with zero-COVID policy
NEW YORK (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo said China was continuing to struggle with its zero-COVID policy…
U.S. Treasury’s Adeyemo says $60 oil price cap will limit Russia’s revenues
By Dan Burns NEW YORK (Reuters) -U.S. Deputy Treasury Secretary Wally Adeyemo applauded a European Union deal for a $60-a-barrel…
S&P warns of possible trebling of U.S., European default rates
LONDON (Reuters) – Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely…
Tesla to issue software updates for 435,000 cars in China over marker light issue
SHANGHAI (Reuters) -Tesla Inc will issue software updates for more than 435,000 vehicles in China to fix an issue with…
Investors with $30 trln to push companies on human rights, social issues
By Simon Jessop LONDON (Reuters) – More than 220 investors managing $30 trillion have signed up to a plan to…
Philadelphia Fed names new research chief
By Michael S. Derby (Reuters) – Roc Armenter will become the Federal Reserve Bank of Philadelphia’s new research director in…
Mexico’s factories grow again amid sales improvement, job creation
MEXICO CITY (Reuters) – Mexico’s manufacturing sector expanded for a third straight month in November, picking up its pace of…