By Niket Nishant and Chibuike Oguh (Reuters) -U.S. and European bank stocks dropped on Tuesday on renewed investor worries about the health of the industry after ratings agency Moody’s downgrade[...]
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August 8, 2023
Global stocks fall, dollar rallies on weak China data
By Herbert Lash NEW YORK (Reuters) – Global stocks skidded and the dollar jumped on Tuesday after Moody’s cut the credit ratings of 10 small- to mid-sized U.S. banks and China’s trad[...]
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Airbnb lawsuit to block NYC law on short-term rentals is dismissed
By Doyinsola Oladipo NEW YORK (Reuters) – A New York judge on Tuesday dismissed Airbnb’s lawsuit against New York City over legislation it called a “de facto ban” against short[...]
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Quotes- U.S. bank stocks slide after Moody’s ratings downgrade
By Nupur Anand NEW YORK (Reuters) – U.S. bank shares slid on Tuesday after Moody’s downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nati[...]
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Softbank sees Latin America exits picking up from 2025, exec says
By Peter Frontini SAO PAULO (Reuters) – Softbank expects exits from its investments in Latin American startups to intensify from 2025 as the region’s prospects improve, Alex Szapiro, regio[...]
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US agency opens probe into 1.1 million Ram 1500 pickup trucks over steering issues
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Tuesday they were investigating whether 1.1 million older Ram 1500 pickup trucks should be recalled for power steering los[...]
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Factbox-Canadian companies halt ads on Facebook, Instagram after Meta blocks news access
(Reuters) – Several Canadian companies and government agencies have stopped advertising on Facebook and Instagram after Meta Platforms decided to stop news access on the apps over a law that req[...]
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US credit card debt tops $1 trillion, overall consumer debt little changed
By Ann Saphir (Reuters) -Americans borrowed more than ever on their credit cards in the last quarter, the New York Federal Reserve Bank said on Tuesday, with balances surpassing $1 trillion for the fi[...]
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US tech groups back TikTok in challenge to Montana state ban
By David Shepardson WASHINGTON (Reuters) -Two tech groups on Monday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video sharing app before it tak[...]
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