By Jonathan Stempel NEW YORK (Reuters) – The indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is trying to stay out of jail for disclosing too much to the press, and enlisted one o[...]
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August 2, 2023
Clorox forecasts strong annual profit on higher prices, steady demand
By Ananya Mariam Rajesh and Kailyn Rhone (Reuters) – Clorox on Wednesday forecast annual profit above Wall Street estimates after fourth-quarter results beat expectations, boosted by price hikes[...]
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Electronic Arts shares drop as competition, lower spending hit bookings forecast
(Reuters) -Electronic Arts shares sank more than 7% on Wednesday, a day after the videogame publisher projected quarterly net bookings below expectations due to high competition and muted spending by[...]
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Oil settle lower despite record US crude stock drawdown
By Laura Sanicola (Reuters) -Oil prices settled down 2% on Wednesday despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of the U.S. government’s top credit b[...]
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Dollar shrugs off Fitch’s U.S. downgrade, advances on strong jobs data
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade while data showing a larger-than-expect[...]
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AMD shares fall as analysts worry AI chip targets may be ambitious
(Reuters) – Advanced Micro Devices’s shares fell about 6% on Wednesday as analysts raised concerns that the chip designer’s targets for an artificial intelligence (AI) ramp-up may be[...]
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Stocks drop, Treasury yields rise after Fitch downgrades US
By Lawrence Delevingne (Reuters) -Global share markets and oil prices fell while Treasury yields and the dollar advanced on Wednesday as investors digested an unexpected downgrade of the United States[...]
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UBS lays off Credit Suisse investment bank staff, closes Houston office -source
By Tatiana Bautzer and Shankar Ramakrishnan NEW YORK (Reuters) – UBS Group is laying off employees from Credit Suisse’s investment bank this week in New York, a source familiar with the si[...]
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US regulator warns brokers to bolster anti money-laundering efforts
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) has warned some broker dealers to strengthen policies and controls that guard against money laundering, including by taking[...]
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