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JPMorgan cut off Situational Awareness lending after AI losses, FT reports
1+ day, 8+ hour ago (87+ words) Sept 11 (Reuters) - JPMorgan Chase cut off its lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets, the Financial Times reported on Friday. (Reporting by Utkarsh Shetti... JPMorgan cut off Situational Awareness lending…...
France’s economy not a catastrophe but deficit must be reduced, France’s Moulin says
1+ day, 22+ hour ago (139+ words) PARIS, Sept 11 (Reuters) – Emmanuel Moulin, France’s central bank chief, said on Friday that France was not in catastrophic economic danger but the government must act to reduce the country’s public deficit. Moulin, speaking to RTL radio, was speaking after INSEE…...
ECB governors see more tightening ahead with October in play
2+ day, 13+ hour ago (174+ words) FRANKFURT, Sept 10 (Reuters) – European Central Bank policymakers expect further policy tightening in the months ahead to fight a war-fuelled rise in inflation and could move again as soon as October, two sources told Reuters. The ECB raised borrowing costs on Thursday…...
Nubank launches high-yield savings account, credit cards, remittances in the US
2+ day, 13+ hour ago (165+ words) NEW YORK, Sept 10 (Reuters) – Brazilian digital bank Nubank will start offering financial products in the U.S. on Wednesday through bank partners, it announced in a securities filing. The initial products will be high-yield savings accounts, credit cards and remittances…...
French economy set for only 0.4% growth this year, says INSEE
2+ day, 14+ hour ago (365+ words) PARIS, Sept 10 (Reuters) – The French economy will grow markedly less this year than the government has anticipated as declining purchasing power weighs on consumer spending and firms rein in investment, the national statistics office forecast on Thursday, cutting its outlook....
Instant View: ECB hikes rates as Iran war adds to inflation angst
2+ day, 16+ hour ago (599+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
ECB lifts growth, inflation projections
2+ day, 17+ hour ago (217+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised some of its growth projections on Thursday and also lifted its inflation outlook, suggesting that it expects a war-induced energy shock to dissipate only slowly. Inflation soared past 3% this summer and is…...
ECB raises interest rates to fight off inflation jump
2+ day, 17+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
German August inflation confirmed at 2.9%
2+ day, 23+ hour ago (60+ words) WSAU German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to compare with other European Union countries, stood at 2.8% year on…...
UK housing market slowdown is bottoming out, RICS says
3+ day, 6+ hour ago (265+ words) LONDON, Sept 10 (Reuters) – A slowdown in Britain’s housing market appears to be levelling off as measures of buyer demand and agreed sales moved away from recent lows, the Royal Institution of Chartered Surveyors said on Thursday. RICS said that its…...