By Marc Jones and Koh Gui Qing NEW YORK (Reuters) – U.S. stocks sank on Thursday and brought to a halt a global rally in global stocks, as upbeat American jobs data after the Federal Reserve[...]
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January 5, 2023
U.S. SEC charges hits former BlackRock portfolio manager with $250,000 fine
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) said a former BlackRock Advisors, LLC portfolio manager has agreed to pay a $250,000 penalty to resolve charges he failed to discl[...]
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Deutsche Bank names ex-Morgan Stanley executive Heaney as U.S. chairman
NEW YORK (Reuters) – Deutsche Bank AG appointed Michael Heaney, a retired Morgan Stanley executive, as chairman of its U.S. arm, the German bank said on Thursday. Heaney had a three-decade caree[...]
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Apple supplier Foxconn says output recovering despite revenue fall
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday output at its iPhone plant in China had “basically retu[...]
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Silvergate Capital shares sink as crypto-related deposits plunge by $8 billion
By Manya Saini, Niket Nishant and Hannah Lang (Reuters) -Silvergate Capital Corp reported a sharp drop in fourth-quarter crypto-related deposits on Thursday as investors spooked by the collapse of FTX[...]
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Crypto lender Genesis lays off 30% of staff – source
(Reuters) -Cryptocurrency firm Genesis has cut 30% of its workforce in a second round of layoffs in less than six months, according to a person familiar with the matter, as pressure builds on crypto i[...]
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Hess signals Guyana’s 7th oil platform to lift output above 1.2 million boepd
By Sabrina Valle HOUSTON (Reuters) -Hess Corp on Thursday said drilling results expected this month could add a seventh platform in Guyana, which would lift the nascent oil producing nation’s ou[...]
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Citadel had record revenues for hedge fund, securities ops in 2022 – WSJ
(Reuters) -Kenneth Griffin’s Citadel marked record revenues in its hedge fund and electronic-trading businesses for 2022 despite turmoil in global capital markets, the Wall Street Journal report[...]
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Walgreens to pause M&A deals, focus on healthcare pivot
By Raghav Mahobe and Aditya Samal (Reuters) – Walgreens Boots Alliance said on Thursday it will not strike new deals in the short term after a spate of acquisitions in recent years, as it focuse[...]
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