(Reuters) -U.S. brokerage firm Charles Schwab reported a smaller-than-expected drop in second-quarter profit on Tuesday as a jump in asset management fees helped soften the hit from a decline in inter[...]
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July 18, 2023
Healthy US consumers shrug off recession concerns, for now
By Nupur Anand NEW YORK (Reuters) – U.S. consumers are still keeping up with their loan payments despite rising costs and a worsening economic outlook, according to executives at the largest U.S[...]
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New York City pension chief urges pay clawbacks at Bank of America
By Ross Kerber (Reuters) – New York City’s top pension official has urged Bank of America’s board to claw back pay from executives after the bank agreed to pay $250 million to settle[...]
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OpenAI partners with American Journalism Project to support local news
(Reuters) – OpenAI is committing $5 million to the American Journalism Project (AJP) under a partnership that will look for ways to support local news through artificial intelligence, the Micros[...]
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South Korea challenges arbitration ruling that found for Elliott in Samsung merger case
SEOUL (Reuters) -South Korea said on Tuesday it would challenge an arbitration ruling that ordered it to pay U.S. hedge fund Elliott Investment Management $108.5 million in a case involving the 2015 m[...]
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BOJ’s Ueda signals resolve to maintain ultra-easy policy
By Leika Kihara and Tetsushi Kajimoto (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday there was still some distance to sustainably and stably achieving the central bank’s 2% i[...]
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Long-feared corporate debt woes start to hit home
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been largely brushed aside by resili[...]
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US manufacturing output falls in June; rebounds in second quarter
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output accelerated after two straight quarterly declines. Manu[...]
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US builder confidence hits highest level in over a year
By Safiyah Riddle (Reuters) – U.S. home builder sentiment hit a 13-month high in July as limited housing stock continued to drive demand for new houses, according to a survey on Tuesday, but the[...]
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