Town Hall News

By Carolina Mandl SAO PAULO (Reuters) -Bridgewater Associates, one of the world’s largest hedge funds, sold U.S. bank stocks in the first quarter as the collapse of regional lenders rattled investors, according to regulatory filings. The firm, founded by billionaire Ray Dalio, exited positions in five U.S. banking giants: JPMorgan & Co, Bank of America Corp, Wells Fargo & Co, Goldman Sachs Group Inc and Morgan Stanley. It also roughly […]

SAO PAULO (Reuters) – Brazilian state-controlled lender Banco do Brasil SA reported on Monday a 29% leap in first-quarter net profit compared to the year-ago period, boosted by a robust performance of its loan book. Banco do Brasil’s adjusted net income reached 8.55 billion reais ($1.71 billion) during the first three months of this year, while analysts polled by Refinitiv expected 8.69 billion reais. The lender said the results were […]

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign buying of U.S. Treasuries in March rose to its highest level in more than two years, data from the Treasury Department showed on Monday, as investors snapped safe-haven government debt in the wake of banking stress during the month. Holdings of U.S. Treasuries rose to $7.573 trillion in March, up roughly $230 billion from $7.343 trillion in the previous month. The monthly […]

(Reuters) -OpenAI is preparing to release a new open-source language model to the public, The Information reported on Monday, citing a person with knowledge of the plan. OpenAI’s ChatGPT, known for producing prose or poetry on command, has gained widespread attention in Silicon Valley as investors see generative AI as the next big growth area for tech companies. In January, Microsoft Corp announced a multi-billion dollar investment in OpenAI, deepening […]

ROME (Reuters) -Carlos Alcaraz crashed to a humbling 6-3 7-6(4) defeat by Hungarian qualifier Fabian Marozsan in the third round of the Italian Open on Monday as his quest for a third straight title on clay before the French Open ended in disappointment. The 20-year-old had come into the tournament on the back of triumphs in Barcelona and Madrid and will replace Novak Djokovic as the world number one for […]

(Reuters) -British electric vehicle start-up Arrival SA said on Monday it had $130 million in cash and cash equivalents at the end of March, down nearly 37% from the end of December. The company, which did not provide any details on first-quarter results in its earnings release, said it has built three vans at its Bicester factory, with five more in progress. Arrival’s U.S.-listed shares were down 2.3% at $2.16 […]

(Corrects annual variation of return on equity in 8th paragraph) SAO PAULO (Reuters) -Brazilian state-controlled lender Banco do Brasil SA reported on Monday a 29% leap in first-quarter net profit compared to the year-ago period, boosted by a robust performance of its loan book. Banco do Brasil’s adjusted net income reached 8.55 billion reais ($1.71 billion) during the first three months of this year, while analysts polled by Refinitiv expected […]

By David Lawder, Andrea Shalal WASHINGTON (Reuters) -The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government’s bills only through June 1 without a debt limit increase, increasing pressure on congressional Republicans and the White House to reach a deal in coming days. In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen confirmed that the agency will be unlikely to […]

By Nandita Bose WASHINGTON (Reuters) -The White House on Monday released financial disclosure reports for President Joe Biden showing the president’s personal finances in 2022 changed little from the prior year, even though his book royalties fell. Biden earned between $2,500 and $5,000 in book royalties in 2022, down sharply from $30,000 a year earlier. He also earned less than $3,000 in “speaking and writing engagements,” from close to $30,000 […]