By Mimosa Spencer PARIS (Reuters) -LVMH veteran executive Michael Burke has been appointed chairman and chief executive of LVMH Fashion Group, overseeing the luxury goods group’s fashion labels,[...]
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January 18, 2024
Spirit Airlines is looking at options to refinance its debt -source
CHICAGO (Reuters) – Spirit Airlines is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters. The company’s shares h[...]
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French data watchdog imposes 10 million euro fine on Yahoo! over cookie policy
PARIS (Reuters) -French data watchdog CNIL said on Thursday it had imposed a 10 million euro ($10.86 million) fine on U.S. web services provider Yahoo! for failings linked to the company’s cooki[...]
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Robinhood settles Massachusetts regulators’ trading case for $7.5 million
By Nate Raymond BOSTON (Reuters) – Online brokerage Robinhood on Thursday agreed to pay a $7.5 million fine and overhaul its practices to resolve allegations by Massachusetts’ securities r[...]
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Seafarers’ safety must be enhanced in Red Sea, shipping industry says
By Jonathan Saul LONDON (Reuters) – Countries in the Red Sea region need to enhance security to protect seafarers at risk as attacks on merchant shipping worsen, industry officials said on Thurs[...]
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US semiconductor index jumps as TSMC signals strong AI chip demand
By Caroline Valetkevitch NEW YORK (Reuters) – An index of semiconductor stocks was up more than 2% on Thursday and chip stocks were helping the broader market after Taiwan Semiconductor Manufact[...]
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NY Fed finds lower-incomes facing more financial stress
By Michael S. Derby (Reuters) – Lower-income Americans are starting to face nascent signs of financial turbulence now that government support programs tied to the coronavirus pandemic have wound[...]
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US mortgage rates fall to 8-month low, says Freddie Mac
By Amina Niasse NEW YORK (Reuters) – U.S. mortgage rates fell this week to the lowest since May 2023, Freddie Mac reported on Thursday, providing a possible boost to buyer traffic in the housing[...]
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US weekly jobless claims at 16-month low; homebuilding takes breather
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly 1-1/2 years, suggesting job growth likel[...]
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