By Chris Prentice (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday defended its overhaul of rules for private funds, responding in a court filing to a lawsuit from six pri[...]
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December 15, 2023
BlackRock, State Street subpoenaed by U.S. House in ESG probe
By Makini Brice (Reuters) -The U.S. House of Representatives Judiciary Committee said it had subpoenaed BlackRock and State Street for documents and communications related to its probe into whether en[...]
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Fed’s Williams douses Wall Street’s rate-cut speculation
By Michael S. Derby and Howard Schneider (Reuters) -Just days after a Federal Reserve meeting that penciled in an ample course of interest rate cuts next year, which in turn unleashed a broad rally in[...]
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Exclusive-Fed’s Bostic sees two rate cuts, soft landing next year
By Howard Schneider WASHINGTON (Reuters) -The U.S. central bank can begin reducing interest rates “sometime in the third quarter” of 2024 if inflation falls as expected, Atlanta Federal Re[...]
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Top US auto safety official will leave agency
By David Shepardson WASHINGTON (Reuters) -The acting head of the National Highway Traffic Safety Administration (NHTSA) said on Friday she is stepping down from her post after overseeing the agency[...]
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US stock short sellers down $145 billion in 2023 – Ortex
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A late-year surge in stocks is exacerbating the pain of short-sellers, who are on track for their worst collective annual loss since 2020, according to[...]
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Oil prices take a small loss in seesaw session
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude futures finished at a small loss following a see-saw session, in which prices fell more than $1 a barrel at one point on Friday, as traders[...]
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KKR buys $7.2 billion recreational vehicle loan portfolio from BMO Financial
(Reuters) – Global investment firm KKR said on Friday funds managed by its credit business has purchased a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank Nat[...]
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China’s ban on Apple’s iPhone accelerates- Bloomberg News
(Reuters) -More Chinese agencies and state-backed companies across the country have asked their staff to not bring Apple iPhones and other foreign devices to work, Bloomberg News reported on Friday, c[...]
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