Category Archives:
S&P warns of possible trebling of U.S., European default rates
LONDON (Reuters) - Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing co...
Dec 01, 2022
U.S. urges 15-year sentence for ex-Theranos president Balwani
By Jonathan Stempel (Reuters) - U.S. prosecutors have asked a judge to sentence former Theranos Inc President Ramesh "Sunny" Balwani to 15 years in prison for defrauding investors and patients in the ...
Dec 01, 2022
Philadelphia Fed names new research chief
By Michael S. Derby (Reuters) - Roc Armenter will become the Federal Reserve Bank of Philadelphia's new research director in January, the bank said on Thursday in a press release. Armenter, an economi...
Dec 01, 2022
Treasury’s Adeyemo says underlying health of U.S. economy ‘quite strong’
By Dan Burns NEW YORK (Reuters) - The underlying health of the U.S. economy is quite strong and massive investments being made in manufacturing and infrastructure will help bring inflation down over t...
Dec 01, 2022
France’s Macron criticizes Musk for relaxing Twitter content rules
(Reuters) - Elon Musk relaxing content moderation policies on Twitter is "a big issue", French President Emmanuel Macron said on Thursday in an interview on television show Good Morning America. The M...
Dec 01, 2022
REUTERS NEXT: LSEG CEO says recent volatility has exposed weak spots in markets
(Reuters) - London Stock Exchange Group PLC Chief Executive David Schwimmer said on Thursday that large spikes in volume associated with algorithmic trading have exacerbated recent market volatility, ...
Dec 01, 2022
Walmart worker’s suit over shooting faces legal obstacles, experts say
(Changes to 'she' from 'they' in first paragraph) By Daniel Wiessner and Brendan Pierson (Reuters) -An employee at the Walmart in Chesapeake, Virginia, where a supervisor shot six co-workers dead last...
Dec 01, 2022
Canadian dollar lags G10 peers as greenback slides
TORONTO (Reuters) - The Canadian dollar fell against its broadly weaker U.S. counterpart on Thursday, as investors scaled back Bank of Canada interest rate hike bets and domestic data showed factory a...
Dec 01, 2022
Fed’s Bowman: interest rates need to be sufficiently restrictive “for some time”
(Reuters) -The Federal Reserve should slow the pace of its rate increases in order to assess the impact of its hiking cycle but inflation remains far too high and the central bank's policy will need t...
Dec 01, 2022
Mexico’s factories grow again amid sales improvement, job creation
MEXICO CITY (Reuters) - Mexico's manufacturing sector expanded for a third straight month in November, picking up its pace of growth slightly, as tentative signs pointed to a recovery in demand condit...
Dec 01, 2022
Peoria, IL, USA
64 °F Partly cloudy
