By Megan Davies DAVOS, Switzerland (Reuters) – Goldman Sachs CEO David Solomon expects the U.S. economy to avoid a big slowdown this year, but warned that inflation could remain more stubborn th[...]
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January 17, 2024
Dollar hits new one-month high as data weighs on rate cut hopes
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index hit a fresh one-month high on Wednesday after U.S. retail sales data signaled economic strength, dimming expectations for imminent rate cuts f[...]
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Mother whose child died in TikTok challenge urges US court to revive lawsuit
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday wrestled with whether the video-based social media platform TikTok could be sued for causing a 10-year-old girl’s death by pro[...]
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Musk’s X approved for Virginia money transmitter license
By Sheila Dang (Reuters) – Social media platform X received approval for a money transmitter license in Virginia, the 17th U.S. state to grant approval, as the Elon Musk-owned company advances e[...]
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US Supreme Court appears split over US agency powers in fishing dispute
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday appeared divided over a bid to further limit the regulatory powers of federal agencies in a dispute involving[...]
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Strong US retail sales underscore economy’s momentum heading into 2024
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose more than expected in December, boosted by an increase in motor vehicle and online purchases, keeping the economy on solid ground[...]
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Morgan Stanley appoints Vince Lumia as head of wealth management client segments
NEW YORK (Reuters) – Morgan Stanley apponted Vince Lumia as the head of a new division overseeing wealth client segments, according to a memo seen by Reuters. In the memo, Jed Finn, head of Morg[...]
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Exclusive: BYD to stop making pouch batteries for its hybrid EVs on leakage concerns – sources
SHANGHAI (Reuters) – China’s BYD plans to end production of the pouch-type batteries used in its best-selling hybrids as the automaker seeks to address durability concerns and the risk tha[...]
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Bank CEOs, huddled in private in Davos, worry about competition, economy – sources
By Stefania Spezzati and Megan Davies DAVOS (Reuters) – Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and pr[...]
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