Business

US judge halts rule capping credit card late fees at $8

A cashier charges products at a supermarket ahead of the Thanksgiving holiday in Chicago, Illinois, Nov. 22, 2022. (Reuters) — A federal judge in Texas on Friday halted the Consumer Financial Protection Bureau’s new rule capping credit card late fees at $8, a victory for business and banking …
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Dollar gains on rate outlook, yen weakens for third day

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. NEW YORK/LONDON (Reuters) — The dollar gained on Wednesday as investors continued to bet on the U.S. economy outperforming peers and was higher for the third day aga…
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Dealmakers eye all-stock deals as US rate cut hopes fade

People walk around the Financial District near the New York Stock Exchange in New York, Dec. 29, 2023. NEW YORK (Reuters) — As markets dial down expectations for U.S. interest rate cuts this year, America’s largest corporations are poised to rely more heavily on their stock and a bulging cash…
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Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices

A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia, Aug. 12, 2022. LONDON (Reuters) — Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza…
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Yen trips past 160-per-dollar to April 1990 lows

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken on March 10, 2023. SINGAPORE (Reuters) — The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervo…
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