By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting con[...]
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November 16, 2022
FTX fallout hits crypto lender Genesis; Bankman-Fried, celebs sued
By Alun John and John McCrank (Reuters) -Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the sudden failure of crypto exchange FT[...]
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Nvidia third-quarter revenue up on strong data center demand
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chip designer and computing firm Nvidia Corp beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business[...]
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Cisco raises full-year outlook; announces restructuring
(Reuters) -Cisco Systems Inc raised its full-year revenue and profit forecast amid easing supply chain hurdles and announced $600 million in severance and other charges related to a new restructuring,[...]
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Foreign holdings of Treasuries drop to lowest since May 2021 -data
NEW YORK (Reuters) – Foreign holdings of Treasuries in September dropped to their lowest level since May 2021, data from the U.S. Treasury Department showed on Wednesday, led by Japan and China[...]
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Bourse operator ASX flags $172 million hit from clearing software replacement halt
(Reuters) -Australian bourse operator ASX Ltd said on Thursday it would take a pretax charge of up to A$255 million ($172 million) in the first half as it derecognises the software being developed to[...]
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Tyson Foods ends COVID-19 vaccine mandate for employees
By Tom Polansek CHICAGO (Reuters) – Tyson Foods Inc confirmed on Wednesday it eliminated a requirement that employees receive COVID-19 vaccinations, a step the company said improved meatpacking[...]
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FTX’s Bahamas liquidators question the validity of U.S. bankruptcy
By Dietrich Knauth (Reuters) -Liquidators for FTX’s Bahamas unit, FTX Digital Markets, have asked a New York City court to recognize its bankruptcy in the Bahamas, saying they “reject the[...]
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Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more[...]
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