(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday that at the U.S. central bank’s meeting last month he penciled in two interest rate cuts this year but[...]
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April 4, 2024
Hedge funds rally in Q1, powered by gains in equities
By Carolina Mandl NEW YORK (Reuters) – Hedge funds capped the first quarter with gains across different strategies, as a rally in stocks, some commodities and the dollar helped the industry weat[...]
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US criminal case against China’s Huawei heads toward 2026 trial
By Karen Freifeld NEW YORK (Reuters) -The U.S. Justice Department’s long-running criminal case accusing China’s Huawei of misleading banks about the tech company’s business in Iran,[...]
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Active US funds tally best quarterly outperformance since 2007, BofA says
By Lewis Krauskopf NEW YORK (Reuters) – Actively managed U.S. equity funds in the first quarter posted their best quarterly out-performance since 2007, BofA Global Research strategists said. In[...]
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Alaska Air says Boeing paid it $160 million in compensation for MAX 9 grounding
WASHINGTON (Reuters) -Alaska Air Group said on Thursday that Boeing had paid about $160 million to the airline in the first quarter as initial compensation to address the hit from the temporary ground[...]
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US labor market still tight; trade seen subtracting from Q1 growth
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased to a two-month high last week, though labor market conditions remain fairly[...]
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Glass Lewis recommends vote against two Spirit Aero directors
By Abhijith Ganapavaram (Reuters) -Proxy advisory firm Glass Lewis has recommended that Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts[...]
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Bank of America must face overdraft fee refund lawsuit
By Jonathan Stempel (Reuters) -Bank of America must face a lawsuit claiming it reneged on a promise to refund overdraft fees to customers facing financial hardship because of the COVID-19 pandemic. U.[...]
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Goldman, Morgan Stanley must face investors’ lawsuit over Archegos collapse
By Jonathan Stempel NEW YORK (Reuters) – A New York state appeals court said former ViacomCBS investors may sue Goldman Sachs, Morgan Stanley and other banks that underwrote two stock offerings[...]
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