LONDON (Reuters) – Investors poured more money into cash funds in the week to Wednesday than at any time since the depths of the pandemic in 2020, a report from BofA Global Research showed on Fr[...]
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Business
Coinbase, Galaxy Digital abandon Silvergate after bank warns about its viability
By Niket Nishant (Reuters) -Cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital on Thursday dropped Silvergate Capital Corp as their banking partner after the lender’s l[...]
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Ticketing Service Provider Eventbrite to Lay Off 8% Workforce
(Reuters) – Eventbrite Inc said on Tuesday it will eliminate about 8% of the company’s workforce, as the ticketing service provider looks to cut costs amid worries of an economic downturn.[...]
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Stellantis to Invest $155 Million in U.S. To Produce New Electric Drive Modules
MILAN (Reuters) – Stellantis said on Tuesday it will invest a total of $155 million in three plants located in Kokomo, Indiana, to produce new electric drive modules (EDM) that will be fitted in[...]
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Aviation industry turns to childcare, free iPhones to lure workers
By Allison Lampert and Rajesh Kumar Singh (Reuters) -The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where[...]
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Audi Mulls U.S. Plant as IRA Subsidies Draw Carmakers
By Victoria Waldersee BERLIN (Reuters) -Volkswagen-owned Audi may build a factory in the United States in light of the Inflation Reduction Act, it said on Friday, the latest company to consider invest[...]
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Yellen says U.S. to resume discussions on economic issues with China at ‘appropriate time’
By David Lawder BENGALURU (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the United States would resume discussions with China on economic issues “at an appropriate time”[...]
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With inflation still the focus, Fed minutes show openness to higher rates endgame
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -Nearly all Federal Reserve policymakers rallied behind a decision to further slow the pace of interest rate hikes at the U.S. central ban[...]
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Maersk Nears Complete Russia Exit After Selling Logistics Sites
COPENHAGEN (Reuters) -Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end[...]
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