Author: IA PressRoom

© Reuters Investing.com — Moody’s lowers its outlook on Coinbase, citing concerns over a lawsuit brought against the cryptocurrency exchange by U.S. authorities. Elsewhere, inflation data out of China disappoints and exacerbates worries that the country’s nascent post-pandemic recovery could be running out of steam. 1. Moody’s downgrades Coinbase outlook Moody’s has cut its rating of Coinbase (NASDAQ:) after U.S. regulators unveiled a lawsuit against the cryptocurrency exchange earlier this week. In a statement on Thursday, the credit rating agency downgraded its outlook to “negative” from “stable,” citing concerns over how the claims could impact the company’s “business model and cash…

© Reuters. FILE PHOTO: Texas Attorney General Ken Paxton pauses while speaking during a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that forced migrants to stay in Mexico to By Brad Brooks (Reuters) – FBI agents on Thursday arrested a real estate developer at the center of allegations that have led to the impeachment of Texas Attorney General Ken Paxton, according to jail records. Nate Paul was booked into the Travis County jail in Austin after his arrest, according to the jail’s online inmate records, which…

The Ethereum price has slipped by 0.3% in the past 24 hours, while keeping to the $1,800 support level it has held for several months now.At $1,834, ETH is down by 2.5% in a week, following legal actions from the SEC that have served to depress pretty much the entire cryptocurrency market.Despite its falls, the altcoin remains up by 53% since the start of the year, with its introduction of staking withdrawals and general development helping it to become one of the best-performing major cryptocurrencies in recent months.And with the cryptocurrency holding to its support, the next few months could…

In the topsy-turvy world of 2024 Republican politics, rivals of Donald J. Trump had been bracing for weeks for his second indictment with more dread than any sense of opportunity.After years of successive scandals, the immediate instincts of so many Republican voters are thoroughly ingrained. They snap to Mr. Trump’s defense, no matter how outrageous the charges are or who is making them — Democrats, the news media, local prosecutors or, now, federal ones. Donations surged after Mr. Trump’s first indictment in Manhattan. And he consolidated support in the polls.Even prominent Republicans eager for the party to cast aside Mr. Trump in…

Exela subsidiaries start tender offer to exchange senior notes

Discounted closed-end funds aren’t exactly the most headline-grabbing part of Wall Street. Boaz Weinstein has been raising their profile by linking them to Taylor Swift and Warren Buffett. The elite investor also mentioned Elon Musk while explaining his fondness for these niche funds. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Discounted closed-end funds occupy a fairly obscure corner of the finance world. Boaz Weinstein, a hedge fund manager who specializes in this niche type of mutual fund, has been raising their profile by…

UBS has finalised an agreement with the Swiss government that will provide the bank with up to SFr9bn ($10bn) to protect it from losses on the rescue of Credit Suisse.The loss protection agreement is the final hurdle for UBS to cross before completing the takeover early next week.In talks with Swiss authorities over rescuing its rival Credit Suisse in March, UBS convinced the government to contribute up to SFr9bn to cover losses the bank would make in winding down unwanted assets.The government assistance would kick in after UBS covered the first SFr5bn of losses.“UBS will manage these assets in a…

© Reuters. FILE PHOTO: A man walks past an electric monitor displaying Japan’s Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato By Naomi Rovnick and Kevin Buckland LONDON, TOKYO (Reuters) – Global equities were set for a small weekly gain on Friday following a Wall Street rally overnight, as rising bets the Federal Reserve will skip a rate increase next week overshadowed worries about U.S. markets being drained of cash. MSCI’s broad index of global shares edged 0.2% higher, on track for a weekly rise of 0.6%. Europe’s equity gauge was…

© Reuters. FILE PHOTO: A SpiceJet passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International Airport in Mumbai, India, May 29, 2023. REUTERS/Francis Mascarenhas BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing (NYSE:) 737 aircraft to its fleet between September and October to cater to the growing passenger traffic, the low-cost carrier said on Friday. The planes will include five 737 Max aircraft, the Gurugram-based airline said, without disclosing the list price. As of June 2023, its fleet comprised 91 aircraft, according to the SpiceJet website. It was not immediately clear if the figure included the 25 planes…

© Reuters. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend of OPEC+ talks in Vienna, several OPEC+ sources told Reuters, with some member states only learning about the reduction from the final news conference. Saudi Arabia is the top OPEC producer and the member with the most flexibility to raise or cut…