By David Shepardson (Reuters) – Lawyers for the U.S. Justice Department said American Airlines Group’s alliance with JetBlue Airways Corp would harm travelers while the airlines pushed bac[...]
Read more
Business
Fed’s Collins declines to say how far Fed will hike rates
By Michael S. Derby BOSTON (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Friday declined to say how far the central bank will need to raise rates given uncertainty over t[...]
Read more
From Apollo to DZ Bank, funds snap up bargains in UK pension scramble
By Nell Mackenzie LONDON (Reuters) – Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say[...]
Read more
NY Fed: Bank liquidity may be tighter than thought, with policy implications
By Michael S. Derby (Reuters) – The way the banking system manages its cash suggests the financial system may not be as flush as many now understand, and that could have implications for how the[...]
Read more
Analysis-U.S. midterms dampen Big Pharma hopes for drug price policy change
By Ahmed Aboulenein WASHINGTON (Reuters) – The divided U.S. Congress after the November midterm elections undermines pharmaceutical companies who want to weaken a new law that allows the governm[...]
Read more
FTX founder’s remarks pose challenge for his lawyers
By Andrew Goudsward (Reuters) – FTX founder Sam Bankman-Fried, facing mounting legal challenges over the collapse of his cryptocurrency exchange, may have harmed his defense by speaking publicly[...]
Read more
FTX’s Sam Bankman-Fried cashed out $300 million during funding spree – WSJ
(Reuters) – FTX founder Sam Bankman-Fried sold a stake in the company worth $300 million when the crypto exchange raised capital last year, the Wall Street Journal reported on Friday, citing the[...]
Read more
U.S. existing home sales plunge; tight inventory keeps prices rising
By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales tumbled for a record ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained e[...]
Read more
Explainer-Crypto lender Genesis plagued by contagion concern after FTX blowup
By Hannah Lang and Elizabeth Howcroft (Reuters) – The uncertain future of Genesis Global Capital, one of the biggest crypto lenders, is fueling concern that the recent collapse of crytpo exchang[...]
Read more