By Andrew Goudsward (Reuters) – Bankrupt cryptocurrency exchange FTX sued one of its former top lawyers, accusing him of aiding fraud by company founder Sam Bankman-Fried and silencing whistlebl[...]
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June 28, 2023
US public debt burden to rise to 181% of GDP by 2053, CBO projects
WASHINGTON (Reuters) – The U.S. public debt burden will reach 181% of economic output in 2053, the Congressional Budget Office said on Wednesday, a slight improvement over recent long-term proje[...]
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General Mills forecasts dour profit as price hikes impact demand
By Savyata Mishra (Reuters) -General Mills on Wednesday forecast full-year profit largely below analysts’ estimates as price hikes to counter inflation dent demand for its ready-to-eat cereals a[...]
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AMC, ‘meme’ investors to face off in court over stock conversion
By Jody Godoy (Reuters) – A months-long battle between retail investors and AMC Entertainment Holdings over a stock conversion plan will come to a head on Thursday at an unusual two-day court he[...]
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Explainer-How does the Fed stress test US banks?
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT). Under the “stress test[...]
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ECB’s Villeroy: duration more important than level of interest rates
PARIS (Reuters) – How long the European Central Bank keeps rates elevated is more important than the actual level, though rates are close to levels needed to get inflation headed to a 2% target,[...]
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US banks scramble on research fees as reprieve on European rules runs out
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and othe[...]
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Apple’s stock hits record, on cusp of $3 trillion market value
By Akash Sriram and Noel Randewich (Reuters) – Apple’s stock climbed to an intra-day record high on Wednesday, and was on the cusp of ending the session for the first time with a market ca[...]
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Global inflation forecasters reflect on a ‘humbling task’
By Balazs Koranyi SINTRA, Portugal (Reuters) – Professional forecasters globally who have been blindsided by the recent surge in inflation acknowledged on Wednesday the need for humility to deal[...]
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