By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl (Reuters) -Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards[...]
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June 26, 2024
Big US banks withstand Fed’s commercial real estate shock scenario
By Michelle Conlin NEW YORK (Reuters) – Big U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S. Federal Reserve’s annual health test, easing[...]
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US regulators could approve spot ether ETFs for launch by July 4, sources say
By Suzanne McGee and Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission could approve exchange traded funds (ETFs) tied to the spot price of ether as soon as July 4, as talks be[...]
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Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
By Harshita Mary Varghese and Max A. Cherney (Reuters) -Micron Technology beat estimates for third-quarter revenue on Wednesday driven by strong demand for its memory chips, but its current-quarter fo[...]
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Levi Strauss posts quarterly revenue miss, maintains annual forecast
By Juveria Tabassum (Reuters) -Levi Strauss fell short of market expectations for second-quarter revenue on Wednesday, hurt by choppy wholesale demand in the United States. Shares of the company were[...]
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BlackBerry beats estimate for Q1 revenue on strong demand for cybersecurity services
(Reuters) – Canada’s BlackBerry beat first-quarter revenue estimates on Wednesday, driven by a resilient demand for cybersecurity services in the wake of growing online threats. U.S.-liste[...]
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Morning Bid: Inflation scares and yen bears
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Inflation scares in Canada and Australia this week are a reminder that the global monetary easing cycle expected to broade[...]
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Carlyle, KKR win auction for $10 billion student loan book from Discover Financial, FT reports
(Reuters) -Carlyle and KKR & Co won an auction for a $10 billion student loan book from Discover Financial, the Financial Times reported on Wednesday, citing people familiar with the matter. Accor[...]
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Volvo to delay EX30’s US shipments due to higher tariffs on Chinese imports
(Reuters) -Volvo Cars will postpone the U.S. deliveries of its EX30 electric vehicle as it focuses on expanding production of the compact SUV outside China in the wake of tariff hikes on exports from[...]
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