Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

Item 1 of 3 Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo [1/3]Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new …

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India’s Paytm to curtail low-value personal loans after cenbank clampdown

India’s Paytm to curtail low-value personal loans after cenbank clampdown

A smartphone with the Paytm logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights BENGALURU, Dec 6 (Reuters) – India’s Paytm (PAYT.NS) will issue fewer sub-50,000-rupee (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules …

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Stocks retreat after rally with jobs data eyed, yields climb

Stocks retreat after rally with jobs data eyed, yields climb

[1/3]Traders gather at the post that trades Alaska Airlines stock on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Major US averages fall Dollar rises Gold retreats after hitting record high Oil settles down more than 1% NEW YORK, Dec …

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Treasury yields fall on data, rate cut expectations; dollar gains

Treasury yields fall on data, rate cut expectations; dollar gains

NEW YORK/LONDON, Nov 29 (Reuters) – Treasury yields fell on Wednesday while the dollar gained and MSCI’s global stock index barely rose as U.S. Federal Reserve officials provided mixed messages on monetary policy while third-quarter data provided encouraging signs for the economy. In U.S. equities, the S&P 500 edged lower and Nasdaq dipped while the …

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Asian shares dragged lower by China, Treasury yields climb

Asian shares dragged lower by China, Treasury yields climb

Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights SYDNEY, Nov 24 (Reuters) – Asian shares were dragged lower by losses in China on Friday and in the absence of guidance from Wall …

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Stocks gain, bonds calm as Fed outlook trumps Moody’s downgrade

Stocks gain, bonds calm as Fed outlook trumps Moody’s downgrade

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing Rights TOKYO, Nov 13 (Reuters) – Stocks in Asia rose on Monday while Treasuries and the dollar kept their composure, as investors took their lead from Wall Street’s Friday rally, shrugging off …

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WeWork shares sink to record low on reports bankruptcy filing imminent

WeWork shares sink to record low on reports bankruptcy filing imminent

A sign marks a WeWork location in Boston, Massachusetts, U.S., August 14, 2023. REUTERS/Brian Snyder Acquire Licensing Rights Nov 1 (Reuters) – WeWork (WE.N) shares tanked nearly 50% to a record low on Wednesday following media reports that the flexible workspace provider was planning to file for bankruptcy as early as next week. The New …

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Rite Aid files for bankruptcy faced with high debt, opioid lawsuits

Rite Aid files for bankruptcy faced with high debt, opioid lawsuits

Oct 16 (Reuters) – Debt-laden U.S. drugstore chain Rite Aid (RAD.N) filed for bankruptcy protection late on Sunday and said it would close underperforming stores, sell its pharmacy benefit company Elixir and resolve lawsuits over its sale of addictive opioid medications. Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, …

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Sam Bankman-Fried’s reassurances about FTX were false, ex-lieutenant testifies

Sam Bankman-Fried’s reassurances about FTX were false, ex-lieutenant testifies

[1/5]Sam Bankman-Fried listens as Assistant U.S. Attorney Nicolas Roos questions Gary Wang during Bankman-Fried’s fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 6, 2023, in this courtroom sketch. REUTERS/Jane Rosenberg Acquire Licensing Rights NEW YORK, Oct 6 (Reuters) – Sam Bankman-Fried’s former lieutenant …

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US Congress averts government shutdown, passing stopgap bill

US Congress averts government shutdown, passing stopgap bill

WASHINGTON, Sept 30 (Reuters) – The U.S. Congress passed a stopgap funding bill late on Saturday with overwhelming Democratic support after Republican House Speaker Kevin McCarthy backed down from an earlier demand by his party’s hardliners for a partisan bill. The Democratic-majority Senate voted 88-9 to pass the measure to avoid the federal government’s fourth …

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