By Shariq Khan BENGALURU (Reuters) – Oil prices dropped by a dollar a barrel on Monday after weak economic data…
Category: Economy
Explainer-Why First Republic Bank failed and what JPMorgan’s deal means
By Lawrence Delevingne (Reuters) – The focus of the U.S. regional banking crisis turned on First Republic Bank in late…
White House: Fed report on SVB reinforces need for regulatory, supervisory reforms
WASHINGTON (Reuters) – The Federal Reserve Board’s independent review of Silicon Valley Bank’s collapse reinforces the need for “the commonsense…
Wall St rallies as earnings season boost offsets economy worries
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The tech-heavy Nasdaq led a Wall Street rally on Thursday…
Citigroup defends revamp as shareholders complain about sluggish stock
NEW YORK (Reuters) – Citigroup Inc’s chairman John Dugan defended the company’s efforts to fix its regulatory problems and bolster…
Investors flock to one-month bills on US debt ceiling jitters, shun others
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading…
S&P 500 ekes out gain as tech supports, J&J, Goldman disappoint
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 eked out a slim gain on Tuesday…
No more red envelopes: Netflix to end DVD-by-mail business
By Dawn Chmielewski (Reuters) -Netflix Inc is winding down its DVD-by-mail business, the company said in a blog post on…
Three Fed bank boards wanted bigger rate hike in March
By Ann Saphir (Reuters) – The boards of directors at the Cleveland, St. Louis and Minneapolis Federal Reserve banks had…
US debt ceiling deadline could be sooner than anticipated, banks warn
By Davide Barbuscia NEW YORK (Reuters) -The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner…