Author Archives: Syndicated Content
Sahm rule creator sees 50-bps Fed rate cut on labor market worries
By Bansari Mayur Kamdar (Reuters) - The U.S. economy is not in a recession but labor-market weakness might worry the Federal Reserve enough to cut interest rates by 50 basis points on Wednesday, forme...
Sep 17, 2024
Trump's media stock falls before insider trading restrictions lift
By Noel Randewich (Reuters) - Shares of Donald Trump's media company fell for a second session on Tuesday ahead of the end of restrictions on share sales by the former U.S. president and other insider...
Sep 17, 2024
French central bank sees consumer gains easing budget pains
PARIS (Reuters) - France's economy is set to gain momentum in the coming two years as lower inflation boosts consumer spending, helping to offset the drag from government belt-tightening, the central ...
Sep 17, 2024
Snap advances bet on augmented reality with new version of Spectacles glasses
By Sheila Dang (Reuters) - Snap announced an upgraded version of its Spectacles augmented-reality glasses on Tuesday, doubling down on its bet that wearable devices to enhance the view of the real wor...
Sep 17, 2024
Biden won't block potential strike at East Coast ports, administration official says
By Lisa Baertlein and David Shepardson LOS ANGELES/WASHINGTON (Reuters) - U.S. President Joe Biden does not intend to invoke a federal law to prevent a port strike on the East Coast and Gulf of Mexico...
Sep 17, 2024
US Senator Sanders says generic drugmakers could sell Ozempic for less than $100/month
(Reuters) - U.S. Senator Bernie Sanders said on Tuesday he received confirmation from major generic pharmaceutical companies that they could sell copycat versions of Novo Nordisk's diabetes drug Ozemp...
Sep 17, 2024
FTX auditor settles US SEC negligence case, pays fine
By Jonathan Stempel NEW YORK (Reuters) - A former auditor for FTX will pay $1.95 million to settle two U.S. Securities and Exchange Commission cases, including for alleged negligence in auditing the c...
Sep 17, 2024
IMF says it held productive discussions with Kenya on economic, fiscal challenges
NAIROBI (Reuters) - The International Monetary Fund said on Tuesday it has held productive discussions with the Kenyan government on its plans to address the country's economic and fiscal challenges, ...
Sep 17, 2024
Alaska Airlines, Hawaiian can close merger deal, DOT says
WASHINGTON (Reuters) - The U.S. Transportation Department said on Tuesday it had agreed to allow Alaska Airlines to close on its $1.9 billion acquisition of Hawaiian Airlines, after the carriers agree...
Sep 17, 2024
Musk's Neuralink receives FDA's breakthrough device tag for brain implant
(Reuters) - Elon Musk's brain-chip startup Neuralink said on Tuesday its implant had received the U.S. Food and Drug Administration's "breakthrough device" designation. (Reporting by Bhanvi Satija in ...
Sep 17, 2024
