Category Archives:
BlackRock moves from ‘overweight’ to ‘neutral’ on credit
(Reuters) - BlackRock Investment Institute on Monday said it was moving from "overweight" to "neutral" on credit, saying yields are not enough to compensate investors for tightening credit conditions....
May 22, 2023
Banks win dismissal of U.S. silver price-fixing litigation
By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices....
May 22, 2023
Intel gives details on future AI chips as it shifts strategy
By Stephen Nellis (Reuters) - Intel Corp on Monday provided a handful of new details on a chip for artificial intelligence (AI) computing it plans to introduce in 2025 as it shifts strategy to compete...
May 22, 2023
Bank of Israel hikes key rate as weak shekel keeps inflation high
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) - The Bank of Israel hiked benchmark interest rates to their highest level since 2006 on Monday, citing high inflation and a tight labour marke...
May 22, 2023
Brazil’s Moreira Salles family launch bid for Alpargatas shares
SAO PAULO (Reuters) - An investment firm backed by Brazil's Moreira Salles family has decided to launch a tender offer to buy an additional stake in Alpargatas SA, the shoemaker said on Monday, drivin...
May 22, 2023
Striking Hollywood writers lament residuals slide
By Dawn Chmielewski LOS ANGELES (Reuters) - Writer Kyra Jones knew she would be taking a financial hit when she agreed to join the writers' room for the Hulu comedy series "Woke." The first payment sh...
May 22, 2023
Peoria priest accused of drunk driving
PEORIA, Ill. – A Peoria priest is in trouble with the law — accused of driving drunk over the weekend. Jeremy Freehill, 36, was arrested Saturday morning, facing charges of Driving Under t...
May 22, 2023
Walgreens fights ‘staggering’ $642 million arbitration award to Humana
By Mike Scarcella (Reuters) - National retail pharmacy giant Walgreen Co has asked a U.S. judge to vacate an arbitrator's award of more than $642 million to Humana Health Plan Inc in a drug-pricing di...
May 22, 2023
CDS panel says Credit Suisse bankruptcy event has not occurred
(Reuters) -A derivatives committee ruled on Monday that a bankruptcy credit event had not occurred in relation to Credit Suisse, quashing investors' efforts to trigger a payout on credit insurance lin...
May 22, 2023
Germany to earmark 4 billion euros annually for power subsidy – economy minister
BERLIN (Reuters) - Germany plans to earmark around 4 billion euros ($4.40 billion) annually to subsidize electricity prices for energy-intensive industries, to support an industrial move away from fos...
May 22, 2023
Peoria, IL, USA
62 °F Light Rain With Thunderstorm, Mist
