By Stephen Culp NEW YORK (Reuters) -U.S. stocks surged to a sharply higher close on Wednesday and benchmark Treasury yields slipped to their lowest level since August after the Federal Reserve flagged[...]
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December 13, 2023
GM still planning to end gas-powered vehicle sales by 2035 — CEO
By David Shepardson WASHINGTON (Reuters) – General Motors CEO Mary Barra said Wednesday the Detroit automaker still plans on moving to all electric vehicle sales by 2035 even as it has recently[...]
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Judge deciding Google’s fate in Epic case is antitrust veteran
By Mike Scarcella (Reuters) – The judge who could rewrite the future of Google’s app business is a competition law expert who once defended technology companies and other defendants in ant[...]
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Canada shares end at 10-month high on Fed’s rate guidance
By Shashwat Chauhan and Ismail Shakil (Reuters) -Canada’s main stock index rose about 2% on Wednesday to a ten-month closing high in a broad-based rally as investors embraced risk on bets after[...]
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Dollar drops as Fed signals coming rate cuts
By Karen Brettell NEW YORK (Reuters) -The dollar tumbled against the euro and yen on Wednesday after the Federal Reserve signaled in new economic projections that U.S. interest rate increases have com[...]
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US CFTC OKs crypto firm Bitnomial’s vertical integration plan
NEW YORK (Reuters) – The U.S. Commodity Futures Trading Commission on Wednesday voted to approve a plan from a Chicago cryptocurrency derivatives exchange and brokerage to also act as its own re[...]
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Factbox-Scandal-hit companies which went after executive compensation
(Reuters) – BP on Monday cut over $40 million in compensation from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over personal relationships w[...]
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Fed flags end of rate hikes, sees lower borrowing costs in 2024
NEW YORK (Reuters) -The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last t[...]
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Citigroup to pay bonuses for most of 2023 to workers laid off in reorganization -source
By Tatiana Bautzer (Reuters) -Citigroup will pay laid off employees partial bonuses based on the period they worked this year, a person familiar with the situation said on Wednesday, as the bank under[...]
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