By Hannah Lang (Reuters) – The Federal Reserve’s regulatory chief on Tuesday outlined major revisions to the Basel Endgame draft rule hiking bank capital, following intense industry pushback. The proposal,…
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By David Shepardson WASHINGTON (Reuters) -Federal Communications Commission chair Jessica Rosenworcel said Wednesday she wants to see more competition to SpaceX’s internet satellite constellation Starlink. Elon Musk’s Starlink controls nearly…
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By Alex Lawler and Robert Harvey LONDON (Reuters) -Oil climbed more than $1 on Wednesday, reversing some of the previous day’s losses, as a drop in U.S. crude inventories and…
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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar was mixed overall on Wednesday in choppy trading after data showed underlying inflation in the world’s largest economy rose in August,…
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By Bo Erickson WASHINGTON (Reuters) – U.S. House of Representatives Speaker Mike Johnson canceled a vote scheduled for Wednesday on his stopgap funding bill, saying more work is needed to…
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US stocks mixed after core inflation picks up pace to cool bets on larger Fed cut
Investing.com — US stocks were mixed Wednesday as gains in tech were offset by falling bets on a jumbo-sized Federal Reserve interest rate cut next week after data showed core…
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Banks continued to propel global dividends to record highs in the second quarter of 2024 as higher interest rates boosted profits, allowing them to pay out bigger returns to shareholders…
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By Pranav Kashyap and Shubham Batra (Reuters) -European shares ended flat on Wednesday as gains in technology shares were offset by losses in real estate shares, while investors shifted their…
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By Howard Schneider Springfield, Ohio (Reuters) – Rose Joseph and Banal Oreus followed different paths from Haiti to this struggling Midwestern industrial city that suddenly finds itself at the center…
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By Purvi Agarwal and Khushi Singh (Reuters) -The UK’s benchmark FTSE 100 stock index ended lower on Wednesday, led by a decline in Rentokil shares after the pest control company…