(Reuters) – U.S. homebuilder KB Home said on Wednesday net orders in the first two-and-a-half weeks of the ongoing second quarter fell 24% from last year, issuing a rare mid-quarter update due t[...]
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March 22, 2023
FTX reaches deal to recover over $400 million from hedge fund Modulo
By Dietrich Knauth (Reuters) – Bankrupt crypto exchange FTX has reached a deal to recover more than $400 million in cash from hedge fund Modulo Capital, pulling back 97% of the money that FTX co[...]
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Yellen promise on community bank deposits sparks relief in small-town America
By David Lawder and Douglas Gillison WASHINGTON (Reuters) -The brewing U.S. banking crisis seems far removed from the northeastern Vermont town of St. Johnsbury, but local Passumpsic Bank executive Da[...]
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Pessimism persists at big Japanese manufacturers amid global slowdown
By Tetsushi Kajimoto TOKYO (Reuters) – Big Japanese manufacturers remained pessimistic about business conditions for a third straight month in March, the closely watched Reuters Tankan survey sh[...]
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Exclusive-JPMorgan CEO Dimon met White House’s Brainard during D.C. trip -source
By Nandita Bose, Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -JPMorgan Chief Executive Jamie Dimon met Lael Brainard, the director of the White House National Economic Council on Wednesday, while[...]
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U.S. SEC threatens to sue Coinbase over some crypto products
(Reuters) -The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc over some of the crypto exchange’s products, turning up the heat on the largely unregulated[...]
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Moderna CEO defends $130 US COVID vaccine price in Senate hearing
By Patrick Wingrove and Leroy Leo (Reuters) -Moderna Inc’s chief executive on Wednesday defended the company’s plan to quadruple the price of its COVID-19 vaccine, telling a U.S. Senate co[...]
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Wall St ends sharply lower as Powell warns inflation fight continues
By Stephen Culp NEW YORK (Reuters) – Wall Street gyrated to end sharply lower on Wednesday after the U.S. Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting th[...]
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TikTok CEO says company at ‘pivotal moment’ as some U.S. lawmakers seek ban
By David Shepardson WASHINGTON (Reuters) -Chinese-owned short video app TikTok faces a “pivotal moment” as a growing number of U.S. lawmakers seek to ban the popular app over national secu[...]
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