By Andrea Shalal WASHINGTON (Reuters) – The Democratic National Committee will spend over $100,000 in a first-ever push to register the 9 million Americans living abroad, working to win votes for the party’s nominee Vice President Kamala Harris in the Nov. 5 presidential election. The funding for Democrats Abroad, which represents Democrats living outside the…
By Jeff Mason LAS VEGAS (Reuters) -U.S. Vice President Kamala Harris told supporters in Nevada on Saturday she supported eliminating taxes on tips, taking a similar position to her rival Donald Trump in an effort to win over service workers, an important constituency in the state. Harris and her Democratic running mate, Minnesota Governor Tim…
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup’s wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank said in a statement on Friday.”To enhance our focus on delivering the wealth structuring advice that matters most to our global clients, Citi Wealth has initiated a process to sell…
By Sriparna Roy and Mariam Sunny (Reuters) -The U.S. FDA has declined to approve a therapy based on the mind-altering drug MDMA for patients with post-traumatic stress disorder, stating it could not be approved based on the data submitted, developer Lykos Therapeutics said on Friday. Commonly known as ecstasy or molly, MDMA has long been…
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…
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 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…
By Makailah Gause NEW YORK (Reuters) – The financial market upheaval of the last several days may soon offer a silver lining to millions of U.S. households: Mortgage rates look set to fall further, offering an opening for those eager to get a toehold in an expensive housing market and an opportunity for others who…
(Reuters) -Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan’s Nikkei shed a staggering 12% to hit nine-month lows, entering bear market territory and…
(Reuters) – A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change forecasts for Federal Reserve easing this year to more aggressive interest rate cutting. Employers added just 114,000 jobs in July, the U.S. Labor…
