ExodusPoint’s assets drop $1 billion in first half
By Carolina Mandl NEW YORK (Reuters) – ExodusPoint Capital Management reported a $1 billion drop in assets under management in…
August 2024
Harris aims at stubbornly high prices
(Reuters) – Vice President Kamala Harris’ speech in Raleigh, North Carolina, on Friday will focus on economics, and specifically around…
US expects billions in savings from Medicare drug price cuts of up to 79%
By Patrick Wingrove and Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration said on Thursday it has negotiated down the prices…
Flynn Group buys 83 more Wendy’s franchises in US
By Waylon Cunningham (Reuters) – Flynn Group, which says it is the world’s biggest franchise operator, bought 83 Wendy’s franchises…
U.S. 30-year fixed-rate mortgage steadies near 15-month low, Freddie Mac says
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage rate was little changed…
Bank of America partners with FIFA as first-time sponsor for 2026 World Cup
(Reuters) – Bank of America is partnering with FIFA to become a sponsor for the 2026 World Cup, soccer’s global…
Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles
(Reuters) – Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed…
Lilly demands doctors stop selling copycat weight-loss drugs, Bloomberg reports
(Reuters) -Eli Lilly has sent cease-and-desist letters to U.S. healthcare providers in recent days demanding they stop the promotion of…
Commodities broker Marex plans more acquisitions; shares surge after results
By Eric Onstad LONDON (Reuters) – British-based commodities broker Marex Group is planning more acquisitions to diversify the company following…
Brazil Senate committee again postpones vote on central bank financial autonomy
BRASILIA (Reuters) – A Brazilian Senate committee on Wednesday once again postponed a vote on a constitutional amendment proposal to…