Reuters USA - Squid Business

Binance’s U.S. partner confirms firm run by CEO Zhao operated on exchange

By Tom Wilson and Angus Berwick LONDON (Reuters) -The U.S. partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Reuters reported on Thursday, citing banking records and company messages, that Binance had secret access to a bank account …

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Analysis-What recession? Strong economy buoys U.S. stocks, though Fed casts shadow

By David Randall NEW YORK (Reuters) – Signs of strength in the U.S. economy have buoyed stocks in the face of rising Treasury yields and hawkish Federal Reserve expectations, though some investors believe the rally may be on borrowed time. Stronger-than-expected reports on employment, retail sales and inflation have pushed up expectations for how much …

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Goldman Sachs, BofA expect three more U.S. rate hikes this year

By Aniruddha Ghosh and Siddarth S (Reuters) – Goldman Sachs and Bank of America said they expect the U.S. Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labor market. Producer prices accelerated in January by the biggest margin in seven …

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New York’s JFK Airport terminal to reopen after power outage

(Reuters) -New York City’s John F. Kennedy International Airport (JFK) will reopen its Terminal 1 for limited operations on Saturday, after it remained closed on Friday due to an electrical power outage. “Contingent on the completion of repairs and testing, we anticipate the start of limited operations at Terminal 1 on Saturday,” the Port Authority …

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KKR-backed BMC Software confidentially files for U.S. IPO – source

(Reuters) – KKR-backed technology firm BMC Software has confidentially filed for an initial public offering in the United States, a person familiar with the matter told Reuters, offering an early sign of a thawing market after a virtual shutdown for most of last year. Spiraling global markets amid a widespread sell-off, particularly in the technology …

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Witnesses in Trump election meddling probe may have lied under oath -grand jury

By Joseph Ax (Reuters) -Some witnesses may have lied under oath during a grand jury probe of former President Donald Trump’s efforts to overturn his 2020 election defeat in Georgia, according to excerpts from the panel’s findings released on Thursday. The special grand jury also concluded there was no widespread fraud in the election, despite Trump’s false …

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Far-right Republican groups surge in swing state Michigan

By Nathan Layne HILLSDALE, Mich (Reuters) – Jon Smith, a local leader in rural Michigan of America First, a far-right Republican faction that denies the results of the 2020 election, wants to shift the entire party to the right – even if it means short-term losses at the ballot box. “We need to redefine what …

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IMF, Ukraine reach staff-level deal, paving way for full loan talks

WASHINGTON (Reuters) – The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support Kyiv’s economy and its bid to join the European Union. The IMF said the agreement on the first and final review of a Program Monitoring …

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Biden says he will speak to China’s Xi about balloon incident

By Steve Holland and Jeff Mason WASHINGTON (Reuters) -President Joe Biden said on Thursday he expects to speak with China’s president, Xi Jinping, about what the United States says was a Chinese spy balloon that a U.S. fighter jet shot down early this month after it transited the United States. “We are not looking for …

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U.S. Senator Fetterman checks into hospital for depression treatment

WASHINGTON (Reuters) -Democratic U.S. Senator John Fetterman, who flipped a Republican-held seat in last November’s elections just six months after suffering a near-fatal stroke, checked into a Washington-area hospital on Wednesday for treatment for clinical depression, his office said in a statement. The 53-year-old Pennsylvania senator was evaluated at Walter Reed National Military Medical Center …

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