By Karen Brettell NEW YORK (Reuters) – The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs gro[...]
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June 5, 2023
Markets brace for deluge of Treasury bill supply after US debt deal
NEW YORK (Reuters) – Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit.[...]
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Texas wins round against Google as antitrust lawsuit returned to Lone Star state
WASHINGTON (Reuters) -Texas won the latest round in its antitrust lawsuit against Alphabet’s Google on Monday as a U.S. judicial panel ordered the case returned to federal court in Texas. At Goo[...]
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US services sector softens, factory orders boosted by defense
WASHINGTON (Reuters) – The U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Federa[...]
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U.S. Treasury can meet all obligations after debt ceiling suspension
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that[...]
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Safran confirms talks with Raytheon over flight control assets
PARIS (Reuters) – French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control[...]
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Factbox-Highlights from SEC complaint against crypto exchange Binance
By Angus Berwick (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday accused the world’s largest crypto exchange, Binance, and its founder Changpeng Zhao, of operating[...]
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Exclusive-Musk’s Neuralink valued at about $5 billion despite long road to market
By Rachael Levy, Krystal Hu and Marisa Taylor (Reuters) – Elon Musk’s brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago,[...]
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JPMorgan flags some signs of emerging de-dollarisation
By Marc Jones LONDON (Reuters) -Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its l[...]
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