By Howard Schneider (Reuters) – U.S. inflation should continue to fall without a significant further rise in the unemployment rate, Federal Reserve Governor Lisa Cook said on Wednesday. In remar[...]
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July 10, 2024
Nvidia leads Nasdaq and S&P 500 to record highs
By Noel Randewich and Ankika Biswas NEW YORK (Reuters) -The Nasdaq and S&P 500 hit record highs on Wednesday fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data an[...]
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ARK Investment’s Cathie Wood defends strategy in letter to investors
By Suzanne McGee (Reuters) – Cathie Wood, founder and CEO of ARK Investment Management, defended the strategy of the firm’s money-losing flagship fund, telling investors in a letter releas[...]
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Dissident or fraud? Exiled Chinese businessman Guo’s trial nears close
By Luc Cohen NEW YORK (Reuters) -The fraud trial of Guo Wengui neared its end on Wednesday, as a prosecutor told jurors the exiled Chinese businessman duped his followers into providing millions of do[...]
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Factbox-Famous Wall Street figures who have been sentenced to prison
(Reuters) – Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges on Wednesday at a criminal trial in New York in the wake of the 2021 c[...]
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Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts
By Arathy Somasekhar, Marianna Parraga and Curtis Williams HOUSTON (Reuters) -About 1.5 million customers remained without power in Texas on Wednesday, two days after Hurricane Beryl raked the state,[...]
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Costco Wholesale to hike annual membership fees after seven years
By Granth Vanaik (Reuters) – Costco Wholesale said on Wednesday it would hike annual membership fees for the first time in seven years for its U.S. and Canada customers, effective Sept. 1. The r[...]
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Morning Bid: US inflation report to set the tone
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets. Thursday’s U.S. inflation report could test markets, with consensus coalescing around the first Federal Reserve rat[...]
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Honeywell defeats fired engineer’s appeal over diversity training
By Jonathan Stempel (Reuters) – Honeywell did not violate workplace anti-discrimination laws by firing a white engineer who refused to participate in mandatory diversity, equity and inclusion tr[...]
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