By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s benchmark S&P 500 index ended higher on Friday in a choppy trading session, as gains in defensive share[...]
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November 18, 2022
Fed’s Collins: Another 75-bps hike could be ahead
By Michael S. Derby BOSTON (Reuters) -Federal Reserve Bank of Boston leader Susan Collins said on Friday that with little evidence price pressures are waning, the Fed may need to deliver another 75-ba[...]
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Warren Buffett’s Berkshire warns about crypto website using its name
(Reuters) – Berkshire Hathaway Inc, run by billionaire Warren Buffett, on Friday warned investors it has no affiliation with a purported cryptocurrency brokerage website using the Berkshire Hath[...]
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Musk’s pay trial asks if Tesla’s growth justifies $56 billion compensation
By Tom Hals WILMINGTON, Del. (Reuters) – After five days of testimony, including three hours from Elon Musk, a Delaware judge will now decide whether Musk’s $56 billion pay package from Te[...]
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Fed’s Collins declines to say how far Fed will hike rates
By Michael S. Derby BOSTON (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Friday declined to say how far the central bank will need to raise rates given uncertainty over t[...]
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Carvana cuts 8% of workforce on slowing used-car demand
By Nathan Gomes (Reuters) -Carvana Co on Friday announced another round of job cuts that will impact about 1,500 employees, or 8% of its workforce, as it attempts to cut costs amid waning demand for u[...]
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U.S. dollar positioning turns net short for first time since July 2021 -CFTC, Reuters data
NEW YORK (Reuters) – The U.S. dollar’s net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S. Commodity F[...]
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Biogas producers Amp Americas, BerQ RNG up for sale -sources
By Isla Binnie and David French NEW YORK (Reuters) – The owners of two North American renewable natural gas (RNG) producers have put them up for sale, after new U.S. tax incentives and recent bi[...]
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Google struck $360-million Activision deal to block rival app store, lawsuit says
By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google has struck at least 24 deals with big app developers to stop them from competing with its Play Store, including an agreemen[...]
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