Factbox-Wall Street sees bigger 2024 Fed easing after soft jobs report
(Reuters) – A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into…
2024
Coinbase expects US to be crypto-friendly irrespective of election outcome
By Niket Nishant and Manya Saini (Reuters) – The next U.S. administration will be “constructive” on crypto regardless of which…
U.S. sues TikTok over ‘massive-scale’ privacy violations of kids under 13
By David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit Friday against TikTok and parent company ByteDance…
Dollar hits four-month low as weak US jobs data boosts rate cut bets
By Karen Brettell NEW YORK (Reuters) -The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment…
Lilly CEO says weight-loss drug shortage to end ‘very soon’, Bloomberg News reports
(Reuters) – U.S. drugmaker Eli Lilly expects its blockbuster weight-loss drug to officially come out of shortage in the United…
BNP Paribas in talks to buy AXA Investment Managers for 5.1 billion euros
By Mathieu Rosemain PARIS (Reuters) – BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of…
Tech giants faced major market cap drop in July on earnings worries
(Reuters) – Global mega tech companies’ market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns…
Spirit forecasts steeper loss on ‘intense competitive battle’ for leisure travelers
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -Spirit Airlines on Thursday warned of a steeper loss in the current…
US mulls new curbs on China’s access to AI memory chips, Bloomberg News says
(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron…
PayPal’s turnaround plan faces challenges from competition, analysts say
By Niket Nishant and Manya Saini (Reuters) -As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a…