NEW YORK (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and signaled it may pause further increases, giving officials time to assess bank f[...]
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May 3, 2023
FTC proposes ban on Meta profiting from minors’ data
WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Wednesday accused Meta’s Facebook of misleading parents about protections for children and proposed tightening an existing agree[...]
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Fed’s Powell: don’t assume Fed can protect U.S. economy from debt limit default
WASHINGTON (Reuters) – The U.S. Federal Reserve is unlikely to be able to shield the U.S. economy from the fallout of a failure to raise the federal debt ceiling, and the U.S. government should[...]
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Ford hits production issue on F-150 trucks due to missing door handles – source
(Reuters) – Ford Motor Co is facing another production snag building its popular F-150 pickup trucks due to missing door handles, according to a source familiar with the matter. The automaker is[...]
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Oil falls 4%, extending losses after Fed rate hike
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. Federal Reserve raised interest rates and as investors fretted a[...]
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US regional bank stocks draw bearish options bets despite bounce
By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – The cost of insuring against further losses in regional U.S. bank stocks stood near a one-month high in options markets on Wednesday,[...]
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U.S. SEC adopts new rules around private fund disclosures, share buybacks
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday adopted new disclosure rules for hedge fund and private equity fund advisors aimed at increasing tra[...]
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Carlsberg agrees to pay 50 million euro fine in German price-fixing case
COPENHAGEN (Reuters) – Danish brewer Carlsberg has reached a settlement with German authorities and agreed to pay a 50 million-euro ($55 million) fine over the alleged formation of a cartel more[...]
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CVS Health to pause M&A and focus on integration
By Raghav Mahobe and Leroy Leo (Reuters) – CVS Health Corp said on Wednesday it would pause its recent acquisition spree as it focuses on integrating purchases of healthcare service provider Sig[...]
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