(Reuters) – While the market mostly shrugged off President Joe Biden’s move to prohibit some U.S. technology investments in China, U.S. investors said they were worried Beijing would retal[...]
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NEWSLETTER
EU to analyze US tech curbs in China, says issue also key to Europe
By Foo Yun Chee BRUSSELS (Reuters) -The European Commission will analyse the U.S. ban on new U.S. investment in China in sensitive technologies as the issue is also important to the European Union[...]
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Wall Street ends lower as investors await US inflation data
By Echo Wang (Reuters) – U.S. stocks closed lower on Wednesday, the day after a report showed Americans borrowed more than ever on their credit cards in the last quarter, and a day ahead of U.S.[...]
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Under Armour posts surprise profit on easing cost pressures
By Granth Vanaik and Juveria Tabassum (Reuters) -Under Armour posted a surprise first-quarter profit and beat sales expectations on Tuesday, as cost pressures eased and higher discounts upheld demand[...]
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US banking industry starts to pick its battles against new capital rules
By Douglas Gillison, Nupur Anand and Tatiana Bautzer (Reuters) – Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking indu[...]
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Optimistic investors still buying stocks – BofA
By Samuel Indyk LONDON (Reuters) -Investors continued to buy stock and bond funds in the week to Wednesday, Bank of America global research said in a report on Friday citing EPFR data, after the previ[...]
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Fed’s Barkin: Inflation still too high, hopes recent data is ‘a sign’
(Reuters) – U.S. inflation remains too high, although recent readings showing price pressures have eased notably were welcome, Richmond Federal Reserve President Thomas Barkin said on Thursday.[...]
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CVS Health cuts 5,000 jobs as part of restructuring plan
(Reuters) – CVS Health said on Wednesday it has eliminated about 5,000 non customer-facing roles as it seeks to rein in costs after a recent spree of acquisitions. CEO Karen Lynch said on an ear[...]
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Clock on the Fed’s ‘soft landing’ may already be ticking
By Howard Schneider WASHINGTON (Reuters) – Throughout the Federal Reserve’s drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough[...]
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