WASHINGTON (Reuters) – The United States has indicted two Iranian citizens and one Pakistani citizen for providing material support to what the U.S. Justice Department called Iran’s weapons of mass destruction program. The two Iranians charged are brothers who work for Iran’s Islamic Revolutionary Guard Corps, the department said in a statement on Thursday. The…
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week’s softer-than-expected employment report. The 30-year fixed-rate mortgage averaged 6.47% during the week ending Aug. 8, down from 6.73% in the…
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced Thursday it had imposed an enforcement action against Customers Bancorp for “significant deficiencies” around the bank’s risk management and anti money-laundering practices. The bank’s stock fell sharply after the Fed announced the action, falling over 20% in midday trading. The enforcement action against the…
By Nathan Layne and Joseph Ax (Reuters) – Republican presidential nominee Donald Trump said he will hold a news conference on Thursday afternoon at his residence in Palm Beach, Florida, his first public appearance since his Democratic opponent, Kamala Harris, selected Minnesota Governor Tim Walz as her running mate. Trump did not say whether the…
(Reuters) -Equity Residential has agreed to acquire 11 apartment properties located in its expansion markets such as Atlanta and Denver from Blackstone for about $964 million, the companies said on Wednesday. The company will purchase the portfolio comprising of 3,572 apartment units in separate deals with Blackstone Real Estate strategies. The properties cater to a…
By Max A. Cherney SAN FRANCISCO (Reuters) – For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different. About seven years ago, the company had the chance to buy a stake in OpenAI, then a fledgling non-profit research…
By Ananya Mariam Rajesh (Reuters) – The summer Olympics is turning out to be a rare win for Nike as the global sporting event has helped boost demand for the sportswear giant’s new launches and edge out competition, website searches from research firm Similarweb showed. In the opening week of the Olympics, from July 26…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors avoided trendy short-dated equity options and looked to longer-tenor contracts for protection during a meltdown in U.S. stock earlier this week, exposing the limitations of so-called 0DTE options in guarding against sustained market gyrations, data showed. Traders have flocked to S&P 500 contracts with zero days…
By Mike Scarcella (Reuters) – Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue. X filed the lawsuit in federal court in Texas against the World Federation…
By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in October 2020 over its risk management failures. The 2nd U.S. Circuit Court of Appeals in Manhattan said Tamika…
