Fanatics has decided to procure PointsBet’s US business, marking the sports giant’s first big foray into US sports betting. The value of this transaction is […]
Category: Latest
Trump has urged Republicans to allow a catastrophic debt default if Democrats do not accept cuts
On Wednesday, former President Donald Trump advised Republican lawmakers to allow the United States to default on its debts if Democrats do not agree to […]
Novavax reduces its workforce by 25% and issues a forecast for 2023
Novavax said on Tuesday that it will cut 25% of its global workforce as the cash-strapped biotech presses ahead with plans to cut expenditures and […]
Stocks in the United States are getting closer as fears of a banking crisis fade
On Thursday, Wall Street stocks fell as markets hushed after recent banking sector turmoil. The Dow Jones Industrial grew 0.4% to 32,859.03 while the broad-based […]
US battery sourcing advice will reduce certain EV tax incentives-official
A U.S. official told Reuters that the Treasury Department’s long-awaited guidelines on battery sourcing standards for electric car tax credits, expected out on Friday, will […]
Biden says the White House’s response to banking stress is “far from over.”
On Tuesday, U.S. President Joe Biden said that his administration had done all that was necessary to solve the banking crisis with existing authorities but […]
The IMF believes financial stability risks have escalated and urges caution
On Sunday, threats to financial stability have grown and continued vigilance is needed, even though actions by advanced economies have relieved market stress, stated International […]
The IMF and World Bank will hold their next sovereign debt roundtable on April 3rd
According to an IMF official on Thursday, a new sovereign debt roundtable will be convened on April 3 by the IMF, World Bank, and India, […]
Morning Bid: Powell gives, and Yellen takes
The Asian open on Thursday may be determined by which of the two competing storylines thrown up by late U.S. trade on Wednesday investors choose […]
Oil falls after weekly crude stockpiles in the United States exceed expectations
Oil plunged in Asian trade on Wednesday morning, breaking two straight days of gains after an industry report revealed U.S. crude inventories grew unexpectedly last […]