By Nivedita Balu TORONTO (Reuters) -Canada’s big banks are expected to have lowered loan-loss provisions in the third quarter from the prior quarter as U.S. tariffs have likely hurt their loan portfolios less than feared. Canada’s big six banks are expected to set aside a total of C$5.22 billion in loan-loss provisions for the third…
(Reuters) -The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing in the U.S. District Court in Delaware on Friday. In the filing, attorneys from the Department of Justice asked the court to stay a lawsuit challenging the…
By Tatiana Bautzer, Saeed Azhar and Isla Binnie NEW YORK (Reuters) -Wall Street banks have hired dozens of senior executives in recent months, as improved economic sentiment has spurred mergers and IPOs after a lull earlier in the year due to concerns over the effect of U.S. tariffs. The surge in job-hopping, which typically occurs…
SHANGHAI (Reuters) -China proposed rules for internet platform pricing on Saturday, seeking public comment after a raft of complaints by merchants and consumers of unfair or misleading pricing by big platforms. The draft rules for platforms selling goods or services are meant to encourage price transparency and fairness, the National Development and Reform Commission said…
Dear Reader, Every trading day, my firm and I use tech inspired by the CIA and Mossad… to scan through the U.S. stock market for strange signs. And we noticed something odd recently. We noticed Warren Buffett has been on a buying spree of one specific U.S. stock. Even as he’s been selling off…
By Ernest Scheyder and Jarrett Renshaw (Reuters) -The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick’s influence over the strategic sector, two sources familiar with the matter told Reuters. The proposed move would take from funds…
By Davide Barbuscia NEW YORK (Reuters) -Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to magnify any market moves from his Jackson Hole speech on Friday. Wall Street largely expects Powell will signal an imminent…
(Reuters) -Comcast-owned NBCUniversal is in advanced talks with Major League Baseball to carry games on NBC and the Peacock streaming service in a three-year deal approaching $200 million annually, the Wall Street Journal reported on Thursday. Netflix is also close to a deal with MLB to stream the ‘Home Run Derby’ for more than $35…
By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve’s top regulatory official suggested on Tuesday that central bank staff should be permitted to own small amounts of crypto products, arguing experience would better inform their work policing activities in those financial markets. Fed Vice Chair for Supervision Michelle Bowman said easing restrictions on staff investments may…
HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A final winner recommendation in the complex court-organized auction is expected to…
