By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Wednesday as severe cold that disrupted some U.S. oil production offset disappointing economic growth in China that stoked worries a[...]
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January 17, 2024
Wall St ends lower, Treasury yields gain as strong data cools rate-cut hopes
By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed their European counterparts to a lower close on Wednesday and U.S. Treasury yields resumed their uphill climb as robust economic data chilled b[...]
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Coinbase, SEC lock horns in US court over crypto securities
By Hannah Lang, Jody Godoy and Chris Prentice (Reuters) -A federal judge in Manhattan on Wednesday grilled Coinbase and the U.S. securities regulator about their divergent views on whether and when di[...]
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Diamond Sports in deal to emerge from bankruptcy, signs Amazon streaming pact
By Dietrich Knauth and Samrhitha A (Reuters) -Regional sports programmer Diamond Sports Group, a unit of Sinclair Broadcast, said on Wednesday it has signed an agreement with a group of creditors to e[...]
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US airline group urges government action to address air traffic challenges
By David Shepardson WASHINGTON (Reuters) – The group representing major U.S. airlines on Wednesday urged the Biden administration to take swift action to address a long-standing air traffic cont[...]
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US bank profits fall as competition for deposits erodes lending margins
By Chibuike Oguh NEW YORK (Reuters) -Several large U.S. regional banks reported lower profits on Wednesday, in a further sign that the income boost from interest rate hikes by the Federal Reserve is s[...]
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Google releases AI multisearch feature in US
(Reuters) – Google on Wednesday rolled out an AI-powered feature in the United States that will allow users to search with an image and text simultaneously using their mobile phones. Users of sm[...]
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US govt sets rule meant to speed up insurance approvals
(Reuters) – U.S. President Joe Biden’s administration on Wednesday finalized a rule requiring health insurers to set time targets for the prior authorization process for patients seeking a[...]
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US economic activity little changed in recent weeks, Fed survey shows
By Lindsay Dunsmuir (Reuters) -U.S. economic activity saw little or no change from December through early January, while firms reported pricing pressures were mixed and nearly all cited signs of a coo[...]
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