By Stephen Culp NEW YORK (Reuters) – Wall Street tanked in a broad sell-off on Thursday, as investor risk appetite was dashed by worries that the Federal Reserve’s restrictive monetary pol[...]
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September 21, 2023
China’s AI ‘war of a hundred models’ heads for a shakeout
By Josh Ye HONG KONG (Reuters) – China’s craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants on an almost daily basi[...]
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Hedge fund demand for US Treasuries seen rising amid higher bond supply
By Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Hedge funds will likely become increasingly important buyers of U.S. Treasuries, providing liquidity in the world’s bi[...]
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US accuses investment firm, anesthesia company of Texas monopoly scheme
By Mike Scarcella (Reuters) – The Federal Trade Commission on Thursday sued U.S. Anesthesia Partners and a private equity firm in Texas federal court, accusing them in a novel legal complaint of[...]
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Hilton says it is working to disclose mandatory fees
(Reuters) – Hilton Worldwide Holdings said on Thursday that it was working to ensure mandatory fees are displayed upfront on all its websites and apps. Hotel operators have received criticism on[...]
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US hotel loan defaults could rise on falling leisure stays, climbing costs
By Matt Tracy (Reuters) – U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with rising costs are[...]
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Canada’s Stelco Holdings is said to weigh bid for U.S. Steel – Bloomberg News
(Reuters) – Canada’s biggest steelmaker Stelco Holdings is pursuing a bid for U.S. Steel Corp, adding to a growing list of suitors for the iconic American company, Bloomberg News reported[...]
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Marketmind: Japan rounds off tumultuous central bank week
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Bank of Japan on Friday rounds off one of the most intense weeks in r[...]
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US weekly jobless claims drop to eight-month low; labor market remains tight
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to an eight-month low last week, pointing to persistent labor market tightnes[...]
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