US SEC to appeal from Ripple Labs court ruling
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May...
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Moody’s downgrades US banks, warns of possible cuts to others
Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, U.S., November 12, 2021./File Photo Acquire Licensing RightsAug 7 (Reuters) - Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability.Moody's cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N)...
US trucking firm Yellow files for bankruptcy, blasts Teamsters
Company to wind down operationsThousands of workers at riskYellow intends to pay back U.S. government loanAug 7 (Reuters) - Some 30,000 workers at Yellow Corp (YELL.O) were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier.The nearly 100-year-old company, which halted operations on July 30, has been a dominant player in the "less-than-truckload" segment that hauls cargo for multiple customers on a single truck.It laid blame for the bankruptcy,...
Founder of bankrupt crypto lender Celsius must face New York fraud lawsuit
Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, exits the Manhattan federal court in New York...
Wall St shares fall on slowing but strong US labor market
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File PhotoU.S. shares slip but global markets rally on U.S. jobs dataAmazon shares surge 8% on strong earnings; Apple falls nearly 5%U.S. Treasury yields and the dollar declineOil gains 1% plusAug 4 (Reuters) - Wall Street stocks fell on Friday, while the U.S. dollar and Treasury yields were lower, after a government jobs report showed a slowing but still tight U.S. labor market.Nonfarm...
Biden order curbing investment to China expected next week-sources
The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S.,...
Key Republican urges Biden to set broad restrictions on U.S. investments in China
U.S. Representative Mike Gallagher (R-WI) walks to a House Permanent Select Committee on Intelligence meeting on Capitol Hill in Washington,...
Barclays explores moving EU headquarters from Dublin to Paris
The Barclays headquarters building is seen in the Canary Wharf business district of east London February 6, 2013. REUTERS/Neil Hall/File...
EU banks face liquidity checks next year after 2023 crises
The skyline of the banking district is seen in Frankfurt, September 18, 2014. REUTERS/Kai Pfaffenbach Acquire Licensing RightsLONDON, Aug 3...
Worldcoin says will allow companies, governments to use its ID system
Ricardo Macieira, regional manager, Europe holds the biometric imaging device, the Orb of the identity and financial public utility Worldcoin in his hands, to create a World ID digital passport, being able to trade in cryptocurrency issued, in Berlin, Germany August 1, 2023. REUTERS/Annegret HilseLONDON, Aug 2 (Reuters) - Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.Co-founded by OpenAI CEO Sam Altman, Worldcoin...