French court: victims of PIP breast implant scandal should be compensated

FILE PHOTO: A defective silicone gel breast implant manufactured by French company Poly Implant Prothese (PIP) is seen near surgical instruments after being removed from a patient by plastic surgeon Denis Boucq (L) in a clinic in Nice December 21, 2011. REUTERS/Eric GaillardPARIS (Reuters) -Thousands of victims of defective breast implants manufactured by a French firm and certified as safe […]

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Bitcoin struggles for footing on worries over China, leverage

TOKYO (Reuters) – Bitcoin and other digital assets languished in Asia on Thursday, recovering marginally from four-month lows but weighed down by concerns over tighter regulation in China and unease over massive leveraged positions in the cryptocurrency world.A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken,May 19, 2021. REUTERS/Dado Ruvic/IllustrationBitcoin, the […]

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U.S. stocks drop after Fed minutes, crypto fall

(Reuters) – Wall Street’s main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the U.S. economy remained far from the central bank’s goals, with some considering discussions on tapering its bond buying program.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., […]

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Spain to lift suspension of AstraZeneca vaccine for second dose in people under 60

FILE PHOTO: Vials of AstraZeneca vaccine against the coronavirus disease (COVID-19) are pictured in Huelva, Spain March 24, 2021. REUTERS/Marcelo del PozoMADRID (Reuters) – Spain will allow people under age 60 who have received a first dose of AstraZeneca Plc’s COVID-19 vaccine to receive their second inoculation either with the AstraZeneca drug or with Pfizer Inc’s vaccine, Health Minister Carolina […]

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The cofounder and the investing chief of a $3 billion family office for the ultra-wealthy share 3 trades they're making to protect clients' portfolios from rising inflation — or thrive in spite of it

Investors are growing more and more concerned about higher inflation derailing the recovery. A multi-family office managing $3 billion explains how it’s helping clients hedge against inflation. Levered real estate, equities tied to pricing power, and international markets can soften the blows. See more stories on Insider’s business page. Investors have grown uneasy with all the chatter about inflation as […]

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Fed meeting readout may highlight potential policy dilemma

WASHINGTON (Reuters) -The Federal Reserve on Wednesday will release a readout of its April policy meeting, an event already overrun by data showing disappointing jobs growth and a spike in inflation that has kicked a debate about whether the U.S. central bank is off course into high gear.Slideshow ( 2 images )Fed officials have pledged to keep their ultra-loose, crisis-fighting […]

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Coinbase outage reported amid crypto selloff

Yellen’s claim that crypto is a tool for criminals is ‘absolutely untrue’: ‘The Wolf of All Streets’ host ‘The Wolf of All Streets’ podcast host Scott Melker weighs in on the cryptocurrency market and reacts to Janet Yellen suggesting crypto is a tool for terrorism. Cryptocurrency exchange Coinbase is experiencing an outage amid a massive sell-off Wednesday. BITCOIN CRUMBLES BELOW […]

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Earnings Hits and Misses for Wednesday, May 19

Here’s a quick look at several earnings reports that were released after markets closed on Tuesday or before Wednesday’s opening bell. Take-Two Interactive Software Inc. (NASDAQ: TTWO) beat expectations on both the top and bottom lines after markets closed Tuesday. The company reported earnings per share (EPS) of $1.88, more than double the expected total of $0.90. Revenue of $785.53 […]

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