Category Archives:
U.S. bank profits climb 7.8% on higher interest income – FDIC
By Pete Schroeder WASHINGTON (Reuters) - U.S. banks reported $64.4 billion in profits in the second quarter of 2022, as higher net interest income offset growing reserves to guard against loan losses,...
Sep 08, 2022
Mysten Labs valued at over $2 billion after FTX-led funding round
(Reuters) - Mysten Labs, a platform that provides infrastructure to accelerate web3 adoption, raised $300 million in a funding round led by cryptocurrency exchange FTX, valuing the firm at more than $...
Sep 08, 2022
U.S. starts enrollments in trial testing smaller dosage of monkeypox vaccine
(Reuters) - The National Institutes of Health said on Thursday it had started enrollments in a trial testing an alternative method of administering Bavarian Nordic's monkeypox vaccine, Jynneos, which ...
Sep 08, 2022
Coinbase backs lawsuit against U.S. Treasury over Tornado Cash sanctions
(Reuters) - Crypto exchange Coinbase on Thursday said it was funding a lawsuit against the U.S. Treasury Department to block sanctions barring Americans from Tornado Cash, a virtual currency mixer acc...
Sep 08, 2022
Goldman recommends traders short the euro versus Swiss franc after ECB rate hike
LONDON (Reuters) - Goldman Sachs recommends investors short the euro against the Swiss franc following the European Central Bank's record rate increase as they think it likely the Swiss National Bank ...
Sep 08, 2022
Powell says Fed “strongly committed” to inflation fight
NEW YORK (Reuters) - Wall Street's main indexes opened lower as concerns about aggressive monetary tightening were reinforced by Federal Reserve chair Jerome Powell who said on Thursday the central ba...
Sep 08, 2022
Fed’s Powell: Fed’s two mandates not in conflict
(Reuters) - Federal Reserve Chair Jerome Powell on Thursday said he did not see a conflict between the central bank's two congressionally mandated goals to foster both maximum employment and price sta...
Sep 08, 2022
Hurricane Kay weakens, leaves strong rains and winds
MEXICO CITY (Reuters) - Hurricane Kay lost strength in its course along Mexico's Pacific coast on Thursday, leaving behind abundant rain and strong winds, the U.S. National Hurricane Center said. Kay ...
Sep 08, 2022
German govt, Deutsche Bahn agree to sell Schenker logistics business – sources
By Markus Wacket BERLIN (Reuters) -The German government has agreed in principle with Deutsche Bahn to sell the rail operator's Schenker logistics business, government and company sources told Reuters...
Sep 08, 2022
European equity funds see biggest outflows since Brexit referendum
By Patturaja Murugaboopathy (Reuters) - Investors are dumping European stocks this year, seeking to minimise exposure to a region buffeted not merely by soaring inflation but also an energy crisis wro...
Sep 08, 2022
Peoria, IL, USA
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