By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and S&P 500 to their third straight decline, as investors[...]
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March 26, 2024
Activist Elliott has accepted Phillips 66’s performance goals, CEO Lashier says
By Arathy Somasekhar HOUSTON (Reuters) -Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder re[...]
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GM, Ford will reroute Baltimore shipments after bridge collapse
By David Shepardson NEW YORK (Reuters) -U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies s[...]
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Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say
By David French (Reuters) -U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people f[...]
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GameStop faces ‘unsustainable’ sales decline, cuts jobs to control costs
By Priyanka G and Harshita Mary Varghese (Reuters) -Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid[...]
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US charges KuCoin crypto exchange with anti-money laundering failures
(Reuters) -Federal prosecutors in Manhattan on Tuesday charged KuCoin, one of the world’s largest cryptocurrency exchanges, with violating U.S. anti-money laundering laws by failing to vet custo[...]
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US consumer watchdog to examine credit card rewards, ‘buy-now, pay-later’ companies
By Nupur Anand and Douglas Gillison WASHINGTON (Reuters) -The top U.S. agency for consumer financial protection will scrutinize credit card reward programs after a surge in customer complaints, its ch[...]
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Morning Bid: China profits eyed as Xi meets US biz chiefs
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Chinese industrial profits and Australian inflation top the Asian and Pacific economic calendar on Wednesday, against a ba[...]
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Musk’s xAI to enable chatbot Grok for all premium subscribers of X
(Reuters) – Elon Musk said on Tuesday artificial intelligence startup xAI’s chatbot, Grok, will be enabled for all premium subscribers of social media platform X, formerly Twitter. He anno[...]
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