May 11, 2023
U.S. House passes Republican bill tightening border security

By Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday approved Republican legislation intended to stop immigrants and illegal drugs crossing the nation's southwestern border with Mexico, leaving it to the Senate to attempt a broader, bipartisan immigration…

May 11, 2023
Big US banks to pay billions to replenish failure fund

By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks…

May 11, 2023
Peloton recalls 2.2 million exercise bikes over seat issue

(Reuters) -Peloton Interactive Inc will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said on Thursday, sending its shares down 7%. The voluntary recall piles on more pressure on Peloton as…

May 11, 2023
Stocks, yields fall after data seen halting more Fed rate hikes

By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow…

May 11, 2023
Dollar stronger as market rethinks monetary policy outlook

By Laura Matthews NEW YORK (Reuters) - The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of…

May 11, 2023
Lithium miners surge as Allkem-Livent tie up fuels M&A hopes

By Melanie Burton MELBOURNE (Reuters) - Shares in Australian-listed lithium miners jumped on Thursday after a $10.6 billion merger in the sector raised expectations for more consolidation among producers of the key metal in electric vehicle batteries. The tie up…

May 10, 2023
Mothers may know best when it comes to money

By Chris Taylor NEW YORK (Reuters) - Whether they actively teach us about finances, or we just observe how they handle the business of life, mothers can have a massive influence on our financial lives. For Mother's Day, we asked…