By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk ignored repeated warnings about the U.S. securities disclosure obligations potentially triggered by his growing stake in Twitter in 2022, accor[...]
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May 30, 2024
Morning Bid: China PMIs, Tokyo CPI eyed; month-end mood dims
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. An Asian economic calendar on Friday overflowing with top-tier indicators awaits investors, who look set to close out the[...]
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Could This Hurt the Biofuel Industry
By Leah Douglas and Jarrett Renshaw (Reuters) – Little to no ethanol will qualify for U.S. sustainable aviation fuel (SAF) subsidies under a new pilot program by President Joe Biden’s admi[...]
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Failed Wall Street trades rate roughly stable under faster settlement
By Carolina Mandl NEW YORK (Reuters) -The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday’[...]
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US sues Hyundai, others over child labor at Alabama parts plant
By Mica Rosenberg, Kristina Cooke and Joshua Schneyer NEW YORK (Reuters) -The U.S. Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co, an auto parts plant and a labor recrui[...]
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Rosneft says Q1 net income more than doubled to $4.4 billion from Q4
By Olesya Astakhova and Vladimir Soldatkin MOSCOW (Reuters) -Russia’s largest oil producer Rosneft said on Thursday its first-quarter net income attributable to shareholders more than doubled to[...]
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Nordstrom’s reaffirmed annual forecasts overshadow quarterly revenue beat
By Ananya Mariam Rajesh (Reuters) -Nordstrom on Thursday warned of an uncertain economy and said consumers were resilient but selective, after the department store owner merely maintained its annual f[...]
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Ulta Beauty beats first-quarter profit estimates on steady demand for skincare and makeup
(Reuters) – Ulta Beauty topped market expectations for first-quarter profit on Thursday, helped by steady demand for skincare and makeup as well as easing input costs. Shares of the company, whi[...]
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Exclusive-TikTok preparing a US copy of the app’s core algorithm, sources say
By Krystal Hu and Sheila Dang (Reuters) -TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chi[...]
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