By Karen Brettell NEW YORK (Reuters) – The dollar firmed on Monday after Friday’s solid jobs report boosted expectations for a U.S. interest rate hike in May, while the yen weakened as new[...]
Read more
April 10, 2023
Goldman Sachs to pay $15 million fine for swap disclosure violations
By Chris Prentice and Kanishka Singh NEW YORK/WASHINGTON (Reuters) -A Goldman Sachs & Co unit has agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that[...]
Read more
Oil settles lower as rate-hike worries balance tighter supplies
By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect of a t[...]
Read more
Heroes or villains: Short sellers’ role in the U.S. bank crisis
By Lawrence Delevingne (Reuters) – As First Republic Bank’s share price fell by double-digits in the aftermath of the collapse of Silicon Valley Bank last month, some people close to the S[...]
Read more
Wall Street bank earnings under pressure after crisis
By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) – Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month[...]
Read more
Factbox-Tesla sets stage for annual shareholder meeting
(Reuters) – Tesla Inc has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker’s boa[...]
Read more
Tesla hit with class action lawsuit over alleged privacy intrusion
By Hyunjoo Jin and Mike Scarcella SAN FRANCISCO (Reuters) – A California Tesla owner on Friday sued the electric carmaker in a prospective class action lawsuit accusing it of violating the priva[...]
Read more
Baidu sues Apple, app developers over fake Ernie bot apps
SHANGHAI (Reuters) – Chinese search engine giant Baidu has filed lawsuits against “relevant” app developers and Apple Inc over fake copies of its Ernie bot app available on Apple[...]
Read more
BofA sees ‘meaningful risks’ of Q2 U.S. economic contraction
(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the Federal Reserve[...]
Read more