By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected…
Amazon defends Prime program in bid to defeat FTC lawsuit
By Mike Scarcella (Reuters) – Amazon.com has denied duping millions of subscribers to its Amazon Prime service, asking a U.S.…
US invests $3.5 billion to bolster power grid, deploy clean energy
By Timothy Gardner WASHINGTON (Reuters) -President Joe Biden’s administration on Wednesday announced $3.5 billion in grants for projects to protect…
Fed on pause as policymakers parse mixed data
(Reuters) – Federal Reserve policymakers are signaling a pause in hiking interest rages for another couple months as they wait…
Major airline shares hit turbulence on disappointing profit outlook from United
By Shivansh Tiwary (Reuters) – Shares of major U.S. airlines fell on Wednesday, after a disappointing fourth-quarter forecast from United…
Morgan Stanley profit down with lower investment banking revenue, shares tank
By Niket Nishant, Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s third-quarter profit showed a hit from lethargic dealmaking and…
Hardline Republican Jim Jordan picks up support in bid for US House speaker
By David Morgan and Makini Brice WASHINGTON (Reuters) -Hardline Republican Jim Jordan picked up support for his campaign to lead…
Tesla urges US to adopt much tougher fuel efficiency rules
By David Shepardson WASHINGTON (Reuters) -Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel…
Meta, US government spar in court over toughened privacy order
WASHINGTON (Reuters) – Lawyers for Meta, which owns Facebook, Instagram and WhatsApp, and the U.S. government tangled on Tuesday over…
Bank of America’s unrealized losses on securities rose to $131.6 billion
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) -Bank of America reported unrealized losses of $131.6 billion on securities…