(Reuters) -The Federal Deposit Insurance Corp’s five-member board plans to vote on Thursday to downgrade its rating on Citigroup’s data-management systems to a “deficiency” fro[...]
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June 17, 2024
US Treasury, IRS to close $50 billion tax loophole on partnerships
By David Lawder WASHINGTON (Reuters) -The U.S. Treasury and Internal Revenue Service said on Monday they will close a tax loophole exploited by large, complex partnerships, an action that they estimat[...]
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EU cybersecurity label should not discriminate against Big Tech, European groups say
By Foo Yun Chee BRUSSELS (Reuters) – A proposed cybersecurity certification scheme (EUCS) for cloud services should not discriminate against Amazon, Alphabet’s Google and Microsoft, 26 ind[...]
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Boeing CEO to tell US Congress planemaker’s culture is ‘far from perfect’
By David Shepardson and Allison Lampert WASHINGTON (Reuters) – Boeing CEO Dave Calhoun will tell a U.S. Senate committee on Tuesday that the planemaker understands concerns about its safety cult[...]
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Apple to discontinue ‘buy now, pay later’ service in US as it plans new loan program
(Reuters) – Apple on Monday said it will discontinue its “buy now, pay later” (BNPL) service in the United States as it launches a new loan program. Users will be able to access inst[...]
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Microsoft’s Xbox marketing chief to depart for Roblox
(Reuters) – Microsoft’s marketing chief of Xbox is leaving the company to join gaming platform Roblox as their chief marketing officer as part of a broader marketing shakeup in the console[...]
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Stocks, US yields gain as data, Fed comments eyed
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks rose for the first time in three sessions on Monday, powered by a rally in U.S. equities, while U.S. Treasury yields climbed after a s[...]
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Peru PM says boost in China’s investments will not prompt US ‘resentment’
By Marco Aquino LIMA (Reuters) – Peru’s government does not expect an upcoming trip by President Dina Boluarte to China or the increase in investments by Chinese firms in the Andean nation[...]
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Microsoft extends rally with a record-breaking stock market value
** Shares of Microsoft climb 1.3%, ending the session with a market cap of $3.33 trln, a record for any co, while Apple and Nvidia were close behind ** AAPL ahead of MSFT for part of the session befor[...]
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