By Abigail Summerville, Milana Vinn and David Carnevali NEW YORK (Reuters) – UBS Group AG is poised to make sweeping changes to the senior ranks of its investment banking division globally as so[...]
Read more
August 4, 2023
Founder of bankrupt crypto lender Celsius must face NY fraud lawsuit
By Jonathan Stempel NEW YORK (Reuters) -Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia[...]
Read more
Inflation report, bond yields in focus as U.S. stocks rally pauses
By Carolina Mandl NEW YORK (Reuters) – A highly awaited inflation report and elevated bond yields offer the latest test to a U.S. stock rally that has delivered hefty gains this year. The benchm[...]
Read more
US fines Canoo $1.5 million over revenue projection reporting
By Jody Godoy (Reuters) – The U.S. Securities and Exchange Commission fined electric vehicle company Canoo Inc $1.5 million on Friday for what the regulator alleges were reporting failures relat[...]
Read more
Hedge funds turn bearish again as yields spike
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds increased their bets that stocks will fall in a week when bonds yields rose after the United States’ credit rating was downgraded,[...]
Read more
Nikola shares plummet 26% as electric truck maker names 4th CEO in 4 years
By Akash Sriram and Abhirup Roy (Reuters) -Nikola lost more than a quarter of its market value on Friday after the U.S. electric truck maker named its fourth CEO in as many years and reiterated for th[...]
Read more
GM vows to boost jobs next year despite EV shift
By David Shepardson (Reuters) – General Motors said Friday it plans to boost employment next year despite concerns raised by autoworkers that the shift to electric vehicles will reduce labor nee[...]
Read more
Russia says JPMorgan stops processing its grain payments
By Michelle Nichols UNITED NATIONS (Reuters) -U.S. bank JPMorgan this week stopped processingpayments for the Russian Agricultural Bank, Russia said on Friday, as it demanded action, not promises, fro[...]
Read more
Wall St shares fall on slowing but strong US labor market
By Lawrence Delevingne (Reuters) -Wall Street stocks fell on Friday, while the U.S. dollar and Treasury yields were lower, after a government jobs report showed a slowing but still tight U.S. labor ma[...]
Read more