By Foo Yun Chee BRUSSELS (Reuters) -The United States and the European Union will seek to tackle EU concerns about a new U.S. green energy subsidy package in a constructive way, officials from both si[...]
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Reckitt expects U.S. infant formula shortage until spring
By Richa Naidu LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, acco[...]
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As the Fed plans to ‘raise and hold,’ new projections may show the cost
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials have signaled plans for a half-point interest rate hike at their meeting this month, and while that would be a step down[...]
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Morgan Stanley making ‘modest’ job cuts; CEO ‘wouldn’t bet against’ Musk
By Lananh Nguyen, Saeed Azhar and Niket Nishant NEW YORK (Reuters) – Morgan Stanley is making modest job cuts worldwide, Chief Executive Officer James Gorman said on Thursday, as sluggish deal m[...]
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Florida pulls $2 billion from BlackRock in largest anti-ESG divestment
By Ross Kerber (Reuters) -Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc, the biggest such divestment by a s[...]
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Wall Street ends mixed; Salesforce selloff pressures Dow
By Ankika Biswas and Noel Randewich (Reuters) – Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Res[...]
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Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months
By Rachael Levy (Reuters) -Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlie[...]
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Exclusive-HSBC shedding at least 200 senior operations managers in global cuts -sources
By Sumeet Chatterjee, Stefania Spezzati and Lawrence White HONG KONG/LONDON (Reuters) -HSBC is cutting as many as 15% of its 2,000 senior operations managers worldwide, as it attempts to streamline it[...]
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U.S. banks profits rise in 3rd quarter, despite warning signs -FDIC
By Carolina Mandl NEW YORK (Reuters) – U.S. banks reported a 3.2% rise in third-quarter net income from a year earlier, but an uptick in early delinquency and higher unrealized losses with secur[...]
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