By Jarrett Renshaw and Andy Sullivan WASHINGTON (Reuters) -The central pillar of any debt-ceiling agreement between President Joe Biden and House Republican Kevin McCarthy is shaping up to be “d[...]
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May 24, 2023
Accenture secures up to $2.6 billion contract to modernize IRS systems
(Reuters) – An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the Internal Revenue Service (IRS) for modernizing the government tax agency’s systems. A[...]
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Chipmaker Analog Devices’ weak forecast sparks share selloff
(Reuters) -Analog Devices Inc said on Wednesday that a turbulent economy would weigh on its third-quarter results, sending the chipmaker’s shares down nearly 8%. The company forecast third-quart[...]
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Murmurs grow within Fed about tweaking 2% target once inflation recedes
By Michael S. Derby (Reuters) – A couple of regional Federal Reserve presidents recently have signaled an openness to examining whether 2% is the right setting for the U.S. central bank’s[...]
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EU, U.S. to seek stopgap standards for AI – EU tech chief
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on artificial intelligence with a view to establishing minimum standards before[...]
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No way to police all cryptocurrency fraud, CFTC commissioner says
By Luc Cohen NEW YORK (Reuters) – A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big ca[...]
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EU court rejects Meta challenge to antitrust information requests
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as legitimate the EU antitrust watchdog’s requests for informat[...]
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IMF’s Georgieva confident US will not default on debt
By Andrew Mills DOHA (Reuters) -The managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Wednesday she was confident the United States would avoid a debt default. Th[...]
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Higher interest rates boost hedge fund stock borrowing to record high – Goldman
By Nell Mackenzie LONDON (Reuters) – Borrowing across the global hedge fund industry has hit record highs, Goldman Sachs said in a note to clients on Wednesday, as rising interest rates make it[...]
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