Reuters USA

By David Morgan WASHINGTON (Reuters) – Former President Donald Trump warned his fellow Republicans on Friday not to “destroy” federal retirement and health benefits as they try to exact spending cuts from President Joe Biden and his Democratic allies in the looming debate over the debt ceiling. “Under no circumstances should Republicans vote to cut …

Trump warns U.S. House Republicans not to touch Social Security, Medicare Read More »

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank’s investment banking bonus pool for last year will fall by somewhat less than 10%, a person with knowledge of the matter said on Friday, providing more evidence of tougher times in finance. Bankers working on M&A origination and advisory will face around a 40% …

Deutsche Bank investment bank bonus pool down less than 10% – source Read More »

(Corrects related graphic) By Medha Singh (Reuters) -Shares of U.S. grocers, packaged food companies and supermarkets were lagging in the first three weeks of 2023, in a sharp contrast to last year, as their high valuations and unattractive dividend appeal pushed investors to U.S. Treasuries. The S&P 500 consumer staple sector, along with other bond …

U.S. consumer staples stocks limp after solid performance in 2022 Read More »

(This Jan.19 story has been officially corrected to say that 9 countries were involved, not 11, in the first paragraph; removes Germany and Spain from paragraph 3, after Estonia revised its statement) (Reuters) – A group of nine European states have pledged to deliver more arms to Ukraine in its war with Russia, saying they …

European states in Estonia pledge weapons for Ukraine Read More »

(Reuters) – Failure to increase the U.S. debt ceiling would have serious repercussions for the United States and the global economy, an International Monetary Fund spokesperson said on Friday, urging involved parties to work to resolve the standoff. “The world economy is facing another challenging year. There would be serious repercussions if the U.S. debt …

IMF says failure to increase U.S. debt ceiling would have ‘serious repercussions’ Read More »

(Reuters) -The fast-spreading Omicron subvariant XBB.1.5 accounted for nearly half of the COVID-19 cases in the United States, data from the U.S. Centers for Disease Control and Prevention showed on Friday. It is estimated to have accounted for 49.1% of COVID cases in the country in the week ended Jan. 21, compared with 37.2% estimated …

Omicron subvariant XBB.1.5 accounts for nearly half of U.S. COVID cases- CDC Read More »

By Nell Mackenzie LONDON (Reuters) – Almost $125 billion worth of assets, from performance losses and asset flows, left the hedge fund industry in 2022, Hedge Fund Research (HFR) data showed on Friday in the latest sign of the havoc that volatility wreaked on the industry last year. Investors rethought putting their money into hedge …

Hedge fund industry lost $125 billion worth of assets in 2022 – HFR Read More »

(Reuters) -The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion, after being toppled by a market rout along with the likes of exchange FTX and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov. 16 after the …

Crypto lending unit of Genesis files for U.S. bankruptcy Read More »

By Arunima Kumar and Liz Hampton (Reuters) -SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies. SLB, formerly called Schlumberger, has benefited from increased oil drilling and production in …

Oilfield services firm SLB beats fourth-quarter profit forecast Read More »