By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged a[...]
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May 1, 2024
FOMC holds rates in place and will slow balance sheet drawdown
(Reuters) – The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earl[...]
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Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports
(Reuters) – Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, th[...]
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New York City pension leader opposes election of Aramco’s chief as BlackRock director
By Davide Barbuscia and Ross Kerber NEW YORK/BOSTON (Reuters) -A pension fund for New York City employees urged BlackRock’s shareholders to vote against the election of Saudi Aramco’s chie[...]
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AIG beats profit estimates on underwriting strength
(Reuters) – American International Group exceeded first-quarter profit expectations on Wednesday, driven by growth in its general insurance as well as life and retirement divisions, and lower ca[...]
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US issues hundreds of sanctions targeting Russia, takes aim at Chinese companies
By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumve[...]
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Oil falls to 7-week low on surprise US storage build, Middle East hopes
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 3% to a seven-week low on Wednesday on a surprise build in U.S. crude stocks, the prospect of a Middle East ceasefire agreement and as hopes[...]
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US Treasury keeps auction sizes unchanged through July, launches buyback
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Treasury Department said on Wednesday it intends to keep auction sizes steady for U.S. notes and bonds over the next several quarters, in lin[...]
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US lawmaker probes FTC work with Europe to block Amazon iRobot merger
By David Shepardson WASHINGTON (Reuters) – The chair of the House Oversight Committee said on Wednesday he is investigating the Federal Trade Commission’s (FTC) work with the European Comm[...]
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