(Reuters) – The U.S. Federal Reserve would be able to cut its benchmark interest rate once this year, Philadelphia Fed President Patrick Harker said on Monday, if his economic forecast plays out[...]
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June 17, 2024
US Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Monday to hear a bid by Nvidia to scuttle a securities fraud lawsuit accusing the artificial intelligence chipmaker of misl[...]
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Financial alliances build as Citgo share auction enters last mile
By Marianna Parraga HOUSTON (Reuters) – At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum’s parent, and three[...]
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China opens tit-for-tat anti-dumping probe into European pork
By Joe Cash BEIJING (Reuters) -China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands[...]
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Goldman Sachs raises S&P 500 year-end target to 5,600
(Reuters) -Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value pric[...]
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UBS sets aside $900 million to repay investors in collapsed Greensill funds
By Noele Illien ZURICH (Reuters) -UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounti[...]
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UBS begins major share buy-back programme
ZURICH (Reuters) – UBS has begun a share buyback program announced earlier this year, and repurchased 44.8 million Swiss francs ($50.21 million) worth of shares last week, the Swiss bank said on[...]
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Analysis-Global central banks recalibrate as the big policy easing of 2024 fizzles
By Howard Schneider and Francesco Canepa WASHINGTON (Reuters) – Six months ago the world’s major central banks were primed for a move that anyone with a credit card or hoping to buy a home[...]
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Appeals court to hear challenges to potential US TikTok ban on Sept. 16
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court on Monday said it will hold oral arguments on Sept. 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok[...]
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