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Republicans split on US credit downgrade as party’s tax bill lingers

Republicans split on US credit downgrade as party’s tax bill lingers

By Bo Erickson WASHINGTON (Reuters) -Moody’s downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some questioning the motive behind the change and others depicting it as a warning that lawmakers should heed as they wrestle with a sweeping tax and budget bill. The downgrade, announced on Friday evening, came only hours after a handful of ...

2025-05-18 12:38:42
Danone’s Oikos yogurt brand enters protein shake market

Danone’s Oikos yogurt brand enters protein shake market

(This May 16 story has been refiled to say that Grant is the global deputy CEO of Danone (EPA:DANO), not the deputy CEO of Danone Americas, in paragraph 2) NEW YORK (Reuters) - Danone introduced a new protein shake under its Oikos yogurt brand this week as rivals Fairlife and Chobani that have similar products gain popularity with consumers and those taking weight-loss drugs such as Wegovy. The ...

2025-05-18 12:37:35
Coinbase says it strongly believes US SEC investigation should not continue

Coinbase says it strongly believes US SEC investigation should not continue

(Reuters) -Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue. The statement follows a New York Times (NYSE:NYT) report that said the U.S. Securities and Exchange Commission is investigating whether Coinbase (NASDAQ:COIN)’s user numbers in past disclosures were accurate ...

2025-05-16 06:18:42
Thoma Bravo divests all its stake in exchange operator Nasdaq, source says

Thoma Bravo divests all its stake in exchange operator Nasdaq, source says

By Jaiveer Shekhawat and Pritam Biswas (Reuters) -Private equity firm Thoma Bravo has sold its remaining stake in Nasdaq for approximately $3.4 billion in two separate transactions, a source familiar with the matter told Reuters on Thursday. A block of approximately 25.5 million shares was divested on Tuesday, sold to JPMorgan for $80.68 each, according to the source. Earlier, the PE firm had sold ...

2025-05-16 06:17:32