By Karen Brettell NEW YORK (Reuters) – The dollar dipped against a basket of currencies on Monday after last week suffering its largest weekly decline this year as Treasury yields tumbled, but h[...]
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Business
Goldman Sachs cuts probability of US recession in next 12 months
By Davide Barbuscia NEW YORK (Reuters) -Goldman Sachs’ Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that a U.S recession will start in the next 12 months to 20[...]
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US securities regulator ‘disappointed’ with defeat over Ripple’s XRP
WASHINGTON (Reuters) -The head of the U.S. securities regulator said Monday the agency was “disappointed” with a judge’s recent ruling that Ripple Labs Inc did not violate federal se[...]
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AT&T shares hit three-decade low as lead cables risk weighs
By Chibuike Oguh NEW YORK (Reuters) -Shares of AT&T Inc fell nearly 7% to hit their lowest level in thirty years on Monday, after analysts downgraded the stock following a news report that the tel[...]
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Crypto firms facing US SEC charges find hope in Ripple ruling, experts say
By Jody Godoy and Chris Prentice (Reuters) -A cryptocurrency developer’s landmark legal victory against the U.S. Securities and Exchange Commission (SEC) will galvanize Coinbase and other compan[...]
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GM can’t build or deliver new vehicles fast enough, exec says
By Paul Lienert LANSING, Michigan (Reuters) – General Motors is seeing strong demand for many of its U.S. vehicles, but can’t deliver them to dealers fast enough, one of the company’[...]
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Oil dips over 1.5% on demand fears after weak Chinese data
By Arathy Somasekhar HOUSTON (Reuters) -Oil dropped by more than 1.5% on Monday after weaker than expected Chinese economic growth raised doubts over the strength of demand in the world’s second[...]
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Microsoft granted two-month pause of UK appeal over Activision deal
By Sam Tobin and Paul Sandle LONDON (Reuters) -Microsoft’s appeal against Britain’s block on its $69 billion takeover of Activision Blizzard was formally paused by a London tribunal on Mon[...]
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FedEx appoints new CFO
(Reuters) -FedEx Corp on Monday appointed former CEO of Atlas Air Worldwide John Dietrich as chief financial officer, effective Aug. 1. He will succeed Michael Lenz, who will serve as a senior advisor[...]
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