By Douglas Gillison and Chris Prentice (Reuters) -The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank, raising[...]
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November 1, 2023
Brazil cenbank cuts rates, with more likely to come, but flags ‘adverse’ backdrop
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank cut its benchmark interest rate by 50 basis points on Wednesday for the third time in a row and once again signaled more of the same fo[...]
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Toyota recalls 1.85 million RAV4 SUVS over fire risks
WASHINGTON (Reuters) – Toyota Motor said Wednesday it is recalling 1.85 million RAV4 sport utility vehicles in the United States over fire risks stemming from the installation of replacement bat[...]
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US stocks rally as Fed holds rates, prompts hope for end to hikes
By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s major indexes closed higher on Wednesday with the Nasdaq’s 1.6% advance leading gains, after the U.S. Federal Reserve k[...]
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Aflac beats estimates for quarterly profit on higher premium income
(Reuters) – Insurance provider Aflac on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on its investments. Its U.S.[...]
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PayPal allays growth fears after raising annual profit forecast
By Manya Saini (Reuters) -PayPal Holdings raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday, with executives striking an optimistic tone for the payments giant[...]
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Sam Bankman-Fried is no ‘villain’ or ‘monster,’ defense tells jury
By Luc Cohen and Jody Godoy NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s defense lawyer told jurors on Wednesday that prosecutors in his fraud trial sought to portray him as a “vill[...]
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Electronic Arts lifts annual profit forecast on ‘FC 24’ strength
By Zaheer Kachwala and Aditya Soni (Reuters) -Electronic Arts on Wednesday beat analysts’ estimates for quarterly net bookings and profit and raised its annual earnings projection, betting that[...]
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Mondelez treats investors with third annual forecast hike on firm demand
By Savyata Mishra (Reuters) -Mondelez International hiked its annual sales and profit growth forecasts for the third time this year on Wednesday, betting on consumers to continue snacking on the Oreo[...]
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