By Chris Prentice NEW YORK (Reuters) -Coinbase Global on Friday asked a judge to end the U.S. Securities and Exchange Commission’s lawsuit accusing the world’s largest publicly traded cryp[...]
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August 4, 2023
Carl Icahn’s firm cuts dividend in half after short-seller attack, shares slump
By Niket Nishant (Reuters) -Activist investor Carl Icahn’s eponymous firm cut its dividend in half on Friday, just a few months after a prominent short-seller went after the company’s payo[...]
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US job growth slowing, but wage gains remain strong
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued ti[...]
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Dollar slides after slowing U.S. jobs growth in July
By Herbert Lash NEW YORK (Reuters) – The dollar fell on Friday, paring almost all the week’s gains, after slowing U.S. jobs growth in July encouraged hopes of a soft economic landing but h[...]
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JPMorgan raises US economic growth estimate, no longer expects 2023 recession
(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth estimate as the economy expands at a[...]
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Allianz ex-manager must face US fraud charges related to $7 billion investor loss
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $[...]
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Amazon soars on ‘game-changing’ quarter, iPhone slump drags Apple
By Aditya Soni (Reuters) -Amazon.com closed up more than 8% on Friday on signs that its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the bro[...]
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Australia calls for China to end trade curbs as barley tariffs lifted
By Lewis Jackson and Dominique Patton SYDNEY/BEIJING (Reuters) -Australia on Friday used China’s decision to drop anti-dumping tariffs on its barley imports to call for the end to all remaining[...]
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Fitch US downgrade followed protocols, despite timing questions
By David Lawder and Davide Barbuscia WASHINGTON (Reuters) – When Fitch Ratings dropped its bombshell downgrade of the U.S. credit rating on Tuesday, Biden administration officials cried foul ove[...]
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