By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s central bank cut the benchmark interest rate on Tuesday after inflation slowed for the fourth straight month and the annual[...]
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May 14, 2024
NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan
(Reuters) – Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase. The deal bolsters NYCB[...]
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Nasdaq hits record close after Powell reassures investors, CPI in focus
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) – The Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reass[...]
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Analysis-Biden’s new China tariff wall faces leakage via Mexico, Vietnam
By David Lawder WASHINGTON (Reuters) – The Biden administration’s new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but[...]
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US FDIC’s Gruenberg to create office to address workplace conduct issues
By Douglas Gillison and Pete Schroeder WASHINGTON (Reuters) – The head of the Federal Deposit Insurance Corporation plans to tell Congress he will establish a new, independent office devoted to[...]
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Elon Musk ordered to testify again in US SEC probe of Twitter takeover
SAN FRANCISCO (Reuters) -A federal court ordered on Tuesday that Elon Musk must testify again in the U.S. Securities and Exchange Commission’s investigation into his $44 billion takeover of Twit[...]
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EV startup Canoo posts larger-than-expected loss in first quarter
(Reuters) – Electric vehicle startup Canoo posted a larger-than-expected loss for the first quarter on Tuesday, but kept its outlook for the year unchanged. Slowing demand in the United States a[...]
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Morning Bid: Markets buoyant, but wary of CPI, tariffs
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets should open in upbeat mood on Wednesday as lower U.S. bond yields and a weaker dollar reflect expectations t[...]
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3M shareholders vote down executives’ pay packages in annual meeting
(Reuters) – 3M said on Tuesday that the annual compensation packages of certain executives, including that of former CEO Mike Roman, did not receive the requisite number of favorable shareholder[...]
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