US stock investors splurge on cheap options hedges with VIX near four-year lows
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders on Friday piled into U.S. stock options contracts that would pay…
Day: January 12, 2024
Hunter Biden would be willing to testify with new House subpoena, lawyer says
WASHINGTON (Reuters) -U.S. President Joe Biden’s son Hunter Biden would be willing to testify in a public hearing or a…
US bank capital overhaul proposal fatally flawed, top lobby groups say
(Reuters) -U.S. bank regulators’ proposed new capital requirements for large banks, if finalized, would violate key federal laws and needlessly…
Spot bitcoin ETF issuers compete on fees for market share
(Reuters) -A raft of investment managers launched the first U.S. spot bitcoin exchange-traded funds (ETF) Jan. 11, in a milestone…
UnitedHealth shares fall as higher medical costs eclipse profit beat
By Bhanvi Satija and Christy Santhosh (Reuters) -UnitedHealth shares fell 4% on Friday after medical services costs at the healthcare…
Bank of America profit falls on one-off charges, shares slide
By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) -Bank of America’s profit shrank in the fourth quarter, hurt by…
US FDA identifies recall of ResMed’s respiratory devices as most serious
(Reuters) – The U.S. Food and Drug Administration (FDA) on Thursday classified the recall of certain respiratory masks made by…
International Battery Metals leases lithium filtration plant for US production
By Ernest Scheyder (Reuters) – International Battery Metals on Thursday said it leased its portable direct lithium extraction (DLE) plant…
‘Remarkable’ surge in auto insurance costs fans US inflation
(Reuters) – Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months…
Citigroup sees headcount dropping 20,000 by 2026
(Reuters) – Citigroup’s Chief Financial Officer Mark Mason said on Friday the bank expects its headcount to be down roughly…