By Jody Godoy (Reuters) -Sung Kook “Bill” Hwang tried to trick all of Wall Street, a federal prosecutor told a Manhattan federal jury, as his trial on charges stemming from the 2021 collap[...]
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May 13, 2024
Dollar eases as market awaits key inflation data
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar eased versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflati[...]
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Oil prices settle up on demand optimism, US inflation in focus
By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Monday, as signs of improving demand in the U.S. and China, the top two oil consumers, aided the bounce from the previous session’s $1 a bar[...]
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Volkswagen explores stock sale in truckmaker Traton, Bloomberg reports
(Reuters) -Volkswagen is exploring the sale of as much as1 billion euros ($1.08 billion) worth of stock in its heavy truckmaking arm Traton SE, Bloomberg News reported on Monday, citing people familia[...]
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CalPERS mulls voting against Exxon CEO’s re-election to board, FT reports
(Reuters) – CalPERS, the biggest public pension plan in the United States, is considering voting against ExxonMobil CEO Darren Woods’ re-election to the board amid shareholder discontent o[...]
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US Postal Service will delay processing network consolidation plans
By David Shepardson WASHINGTON (Reuters) – U.S. Postmaster General Louis DeJoy has agreed to pause planned further consolidation of the postal service’s processing network after a bipartis[...]
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Tesla settles factory worker’s sexual harassment lawsuit
By Daniel Wiessner (Reuters) – Tesla has settled a lawsuit by a former factory employee who says she was fired for complaining about severe sexual harassment, as the electric carmaker faces a se[...]
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Yellen says Chinese response possible on expected US tariff action
By Andrea Shalal and Susan Heavey FREDERICKSBURG, Virginia (Reuters) -The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yel[...]
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Corporate greed not to blame for price pressures, Fed study shows
(Reuters) – Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco. While m[...]
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