By Tom Hals WILMINGTON, Delaware (Reuters) -A record $7 billion in attorneys’ fees for three firms that successfully challenged Elon Musk’s $56 billion Tesla pay package provides an incent[...]
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July 8, 2024
Purdue creditors seek approval to sue Sackler family members
By Dietrich Knauth NEW YORK (Reuters) – Purdue Pharma’s creditors sought permission from a U.S. bankruptcy court on Monday to sue the company’s wealthy owners, arguing that the litig[...]
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S&P 500 and Nasdaq notch record highs; chipmakers climb
By Noel Randewich and Ankika Biswas (Reuters) -The S&P 500 and Nasdaq notched record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome P[...]
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Wall Street regulator to start over on ‘swing pricing’ rules for open-end funds
(Reuters) -Wall Street’s top regulator plans to redraft a proposal for “swing pricing” regulations on how so-called open-end investment funds should manage liquidity, which had faced[...]
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Brazil’s Petrobras ups gasoline prices 7%, first hike under new CEO
SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras on Monday announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating. In a st[...]
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United Airlines flight loses wheel on takeoff, lands safely with no injuries
(Reuters) -A United Airlines jet lost a landing-gear wheel on Monday when it took off from Los Angeles but landed safely in Denver, its planned destination, with no injuries, the airline said. The whe[...]
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Morning Bid: All eyes on Powell
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets. The global markets spotlight moves from Paris to Capitol Hill on Tuesday as Federal Reserve Chair Jerome Powell testifies[...]
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Morgan Stanley’s Wilson says a 10% fall in S&P 500 by US election is ‘highly likely’
By David Randall NEW YORK (Reuters) – A decline of 10% in the benchmark S&P 500 stock index before the U.S. presidential election in November is “highly likely,” Morgan Stanley C[...]
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Texas energy industry assesses damage after Hurricane Beryl batters Gulf coast
By Erwin Seba and Arathy Somasekhar HOUSTON (Reuters) -The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing k[...]
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