By Nivedita Balu and Manya Saini (Reuters) – Royal Bank of Canada (RBC) warned of a softer economy ahead and plans to cut about 1,800 job after Canada’s largest bank beat analysts’ e[...]
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August 24, 2023
Exclusive-Deputy Treasury chief Adeyemo says US well-prepared to weather China headwinds
By David Lawder PROVIDENCE FORGE, Virginia (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo said on Thursday that China’s economic weakness may cause difficulties for some developi[...]
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Wall Street funds explore potential bankruptcy plan for WeWork – WSJ
(Reuters) – A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal reported on Thursday citing people familiar with t[...]
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Two Fed officials tentatively embrace bond yield jump
By Michael S. Derby NEW YORK (Reuters) – Two Federal Reserve officials on Thursday tentatively welcomed a jump in bond market yields as something that could complement the U.S. central bank[...]
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U.S. 30-year mortgage shoots up to decades-long high – Freddie Mac
By Safiyah Riddle (Reuters) – Rates on the most popular U.S. home loan hit the highest level since 2001 on Thursday, according to Freddie Mac’s weekly mortgage market survey. The popular 3[...]
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Nvidia bets $25 billion that AI boom is far from over
By Stephen Nellis and Max A. Cherney (Reuters) -Nvidia’s CEO Jensen Huang said he expects the artificial intelligence boom will last well into next year and made what could be the largest single[...]
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China quietly recruits overseas chip talent as US tightens curbs
By Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina HONG KONG/SINGAPORE/WASHINGTON (Reuters) – For a decade until 2018, China sought to recruit elite foreign-trained scientists unde[...]
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US jobless claims fall, core capital goods orders grow incrementally
By Safiyah Riddle (Reuters) -The number of Americans filing new claims for unemployment benefits fell for a second straight week, as labor market conditions remained tight despite the Federal Reserve[...]
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US economic activity picked up in July – Chicago Fed
NEW YORK (Reuters) – U.S. economic activity picked up pace last month as gauges of production and personal consumption improved, according to the Federal Reserve Bank of Chicago on Thursday. The[...]
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