SAN FRANCISCO (Reuters) – The Federal Reserve must “exhibit care” as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on Mond[...]
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June 24, 2024
Affirm Holdings shares rally after Goldman upgrades to buy rating
(Reuters) -Shares in Affirm Holdings were up 11.5% on Monday, snapping a six-day losing streak, after Goldman Sachs upgraded its rating to buy and raised its price target. Goldman cited the fintech co[...]
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Wegovy-maker Novo Nordisk to spend $4.1 billion to boost US manufacturing
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popul[...]
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Microsoft-G42 deal positive because it cut Huawei ties, White House official says
By Trevor Hunnicutt and Alexandra Alper WASHINGTON (Reuters) -Microsoft’s deal to invest $1.5 billion in artificial intelligence firm G42 is “generally a positive development” becaus[...]
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Japan orders compliance improvements at MUFG bank and securities tie-ups with Morgan Stanley
By Anton Bridge TOKYO (Reuters) -Japan’s banking regulator on Monday ordered the banking and securities units of Mitsubishi UFJ Financial Group (MUFG) to improve compliance measures after the se[...]
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Apple charged with breaching EU tech rules, faces another probe
By Foo Yun Chee AMSTERDAM (Reuters) -European Union antitrust regulators charged on Monday that Apple breached the bloc’s tech rules, a charge that could result in a hefty fine for the iPhone ma[...]
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US Supreme Court takes up ‘Dewberry’ trademark dispute
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide a $43 million dispute between two real estate developers – one in Virginia and one in Georgia[...]
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Citi’s ‘living will’ flaws manageable but distracting, J.P.Morgan says
(Reuters) -The problems with Citigroup’s so-called living will, which details how it would be unwound in the event of bankruptcy, are manageable but could be bothersome for its executives, accor[...]
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Chevron flags second-quarter production impact at TCO, Gulf of Mexico assets
(Reuters) – Chevron said on Monday it expects upstream turnarounds and downtime to impact 65,000 barrels of oil equivalent per day in production in the second quarter mostly at Tengizchevroil (T[...]
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