Dollar Signs

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar climbed on Friday and was set to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters unnerved investors, although volatility in the currency markets was largely contained. A software update by global cybersecurity firm CrowdStrike crippled industries from travel […]

-Discover Financial Services will sell a portfolio of student loans to buyout giants Carlyle and KKR for up to $10.8 billion, the credit card-focused lender said on Wednesday. The loans will be sold at a premium to their principal balance of nearly $10.1 billion, the company said. Discover, which had been weighing a sale of […]

By Scott DiSavino NEW YORK (Reuters) -Oil prices eased on Monday as worries about demand in top importer China offset supportive U.S. economic news, OPEC+ supply restraint and ongoing Middle East tensions. Brent futures fell 18 cents, or 0.2%, to settle at $84.85 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 30 cents, […]

By Lewis Krauskopf NEW YORK (Reuters) -Looming U.S. interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks that have driven returns for more than a year or turn to less-loved areas of the market that could benefit from easing monetary policy. Owning massive tech and growth companies such […]

By Noel Randewich and Lisa Pauline Mattackal (Reuters) -The Nasdaq ended sharply lower on Thursday, hit by losses in Nvidia, Apple and Tesla as investors rotated into smaller companies after softer-than-expected inflation data fed bets the Federal Reserve will cut interest rates in September. The S&P 500 also lost ground after a Labor Department report […]

By Karen Brettell (Reuters) -The dollar dipped on Wednesday after Federal Reserve Chair Jerome Powell indicated that the U.S. central bank is getting closer to cutting interest rates but wants to see further declines in inflation. It comes before consumer price index (CPI) data on Thursday is expected to show that headline prices eased on […]

(Reuters) – Bitcoin miner Bitfarms has appointed insider Ben Gagnon as its new chief executive officer to oversee a strategic review and navigate a dispute with its biggest shareholder, Riot Platforms. Gagnon’s promotion comes months after Bitfarms’ plans for a smooth leadership transition ran into difficulties. Former CEO Geoff Morphy, whose departure was announced in […]

By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl (Reuters) -U.S. stocks ended weaker on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the U.S. presidential debate. Nike had its steepest one-day fall in over two decades after a gloomy forecast. “I don’t think the inflation […]

By Granth Vanaik and Doyinsola Oladipo (Reuters) -Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand from Americans for cruise holidays. The company’s U.S.-listed shares, which have fallen more than 11% this year, rose 6.71% to $17.48. 2024 has […]