By Chibuike Oguh NEW YORK (Reuters) – Shares of Charles Schwab fell by nearly 5% to a one-month low on Tuesday after the U.S. brokerage unveiled a cost-cutting plan that came with steep one-time[...]
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August 22, 2023
Ex-OpenSea manager sentenced to 3 months in prison for NFT insider trading
By Jody Godoy (Reuters) -A U.S. judge sentenced a former product manager at OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), to three months in prison on Tuesday for buyi[...]
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Global stock rally pauses, U.S. yields touch new peaks
By Karin Strohecker and Koh Gui Qing NEW YORK/LONDON (Reuters) -A comeback rally in global stocks fizzled on Tuesday as benchmark Treasury yields hit a near 16-year high on concerns that interest rate[...]
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Canada to challenge extension of US softwood lumber duties
OTTAWA (Reuters) -Canada will challenge what Ottawa described as an “unfair, unjust and illegal” extension of U.S. import duties on Canadian softwood lumber products, the trade ministry sa[...]
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Argentina’s Massa expects IMF board OK for $7.5 billion payout
By Jason Lange WASHINGTON (Reuters) -Argentine Economy Minister Sergio Massa said on Tuesday that he expects the International Monetary Fund (IMF) board to approve the latest reviews of its huge loan[...]
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UPS employees ratify new five-year labor agreement, union says
(Reuters) – Teamsters-represented UPS workers voted to approve a five-year labor contract that covers about 340,000 U.S. employees at the parcel delivery firm, the union said on Tuesday. (Report[...]
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Cleveland-Cliffs demands U.S. Steel to reveal all buyout offers
(Reuters) – Cleveland-Cliffs said on Tuesday U.S. Steel must immediately provide the company and the United Steelworkers (USW) with information about all the proposals it has received so far as[...]
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US antitrust regulator names Henry Liu to head competition unit
(Reuters) – The U.S. Federal Trade Commission (FTC) said on Tuesday that Henry Liu, a partner at law firm Covington Burling, would be the new director of the commission’s Bureau of Competi[...]
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Altria seeks US import ban on Juul e-vapor products
(Reuters) – Marlboro maker Altria Group said on Tuesday that its subsidiary e-cigarette firm NJOY has filed a complaint against rival Juul Labs with the U.S. International Trade Commission, seek[...]
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