By Caroline Valetkevitch NEW YORK (Reuters) -U.S. Treasury yields rose and the dollar edged up against the yen on Friday after data showed U.S. producer prices increased more than expected in January,[...]
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February 16, 2024
JPMorgan to pay about $350 million penalty over trade reporting gaps
(Reuters) -JPMorgan Chase and Co will pay civil penalties of about $350 million to regulators for reporting incomplete trading data to surveillance platforms, it said in a regulatory filing on Friday.[...]
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OpenAI valued at $80 billion after deal, NYT reports
(Reuters) -Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of t[...]
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Volkswagen announces second phase of Mexico investment of around $1 billion
MEXICO CITY (Reuters) -Volkswagen’s Mexican unit announced on Friday an investment of around $1 billion, in a second installment of spending by the German automaker aimed at boosting its electri[...]
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US judge says Musk can seek review of order in SEC subpoena matter
NEW YORK (Reuters) -Elon Musk can ask a U.S. District Court to review a magistrate judge’s order that he must testify in the Securities and Exchange Commission’s investigation of his $44 b[...]
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High-flying Nvidia’s earnings could test US stock market’s AI dreams
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Next week’s earnings report from chipmaker Nvidia could prove a gut check for one of the market’s hottest names, and for the artificia[...]
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UAW workers at Ford’s Kentucky truck plant threaten strike next Friday
(Reuters) -Nearly 9,000 United Auto Workers union members at Ford’s biggest and most profitable truck plant in Kentucky will go on strike next Friday if local contract issues are not resolved, t[...]
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Union-backing shareholder asks Starbucks to disclose ‘anti-union spending,’ approaches SEC
(Reuters) -A labor union-backing shareholder wrote a letter to the U.S. Securities and Exchange Commission on Friday, saying that Starbucks has failed to disclose costs arising from anti-union campaig[...]
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Nvidia’s scorching shares drew hedge funds in Q4, filings show
(This Feb. 14 story has been corrected to change stock performance to ‘nearly 240%’ from 65%, in paragraph 2) By David Randall NEW YORK (Reuters) – Several well-known funds jumped in[...]
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