By Arsheeya Bajwa (Reuters) -Wall Street’s semiconductor index lost more than $500 billion in stock market value on Wednesday in its worst session since 2020 after a report said the United State[...]
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July 17, 2024
Former Goldman, Blackstone analyst gets 28-month prison sentence for insider trading
By Jonathan Stempel NEW YORK (Reuters) – A former Goldman Sachs and Blackstone analyst was sentenced to 28 months in prison on Wednesday for insider trading, after admitting that his conduct was[...]
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US safety board to hold hearings on Boeing 737 MAX door incident
By David Shepardson WASHINGTON (Reuters) -The National Transportation Safety Board said on Wednesday it had scheduled 20 hours of hearings over two days on the January Alaska Airlines Boeing 737 MAX 9[...]
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Citizens Financial profit beats estimates on strong capital markets
By Niket Nishant and Saeed Azhar (Reuters) -U.S. lender Citizens Financial beat expectations for second-quarter profit on Wednesday, lifted by strong capital markets. A resilient U.S. economy has enco[...]
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US firms point to slowing activity and softer labor market, Fed survey shows
By Lindsay Dunsmuir and Ann Saphir (Reuters) -U.S. economic activity expanded at a slight to modest pace from late May through early July with firms expecting slower growth ahead as they also reported[...]
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Oil prices gain 2% on big US storage withdrawal, weaker US dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower ec[...]
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Reality TV slowdown drives Hollywood production decline
By Lisa Richwine LOS ANGELES (Reuters) – Los Angeles experienced a hefty decline in reality TV production as Hollywood worked to recover from dual labor strikes last year, according to statistic[...]
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US online sales hit $7.2 billion on first day of Amazon Prime Day event, Adobe says
(Reuters) -Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day in the United States, according to a report from Adobe Analytics on Wednesday. Maj[...]
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Top Fed officials say they are ‘closer’ to cutting interest rates
By Howard Schneider and Michael S. Derby UPPER MARLBORO, Maryland (Reuters) -Top Federal Reserve officials said on Wednesday the U.S. central bank is “closer” to cutting interest rates giv[...]
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