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(Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Friday called out the elevated uncertainties around the economic outlook, but said that with the economy solid and short-term borrowing costs “in a good place,” the U.S. central bank does not need to make any rushed moves. “Economic research will tell you that uncertainty is …

Fed should be careful, deliberate with interest rate policy, Daly says Read More »

By Chibuike Oguh, Johann M Cherian and Sukriti Gupta NEW YORK (Reuters) – U.S. stocks finished higher on Friday, rebounding from early declines after Federal Reserve Chair Jerome Powell said the economy was “in a good place,” but uncertainty about U.S. trade policy led to Wall Street’s biggest weekly decline in months. Powell said the …

Wall St ends higher after Fed chief’s comments, but posts big weekly loss Read More »

(Reuters) – A federal judge on Friday certified a class action accusing Boeing of prioritizing profit over safety and overstating its commitment to safe aircraft, prior to the January 2024 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, said shareholders led by Rhode Island’s …

Boeing must face shareholder class action following MAX 9 blowout Read More »

By Jonathan Stempel (Reuters) -Robinhood Markets, the online trading platform, agreed to pay $29.75 million to resolve several Financial Industry Regulatory Authority probes into its supervision and compliance practices, including failure to respond to “red flags” of potential misconduct. The brokerage regulator said on Friday that Robinhood will pay a $26 million civil fine and …

Robinhood paying $29.75 million to end US regulator’s probes Read More »

By Elida Moreno and Marianna Parraga PANAMA CITY (Reuters) -The Panama Maritime Authority, which oversees shipping and port infrastructure in the country, will request all legal and financial documents from a key transaction between CK Hutchison and a consortium backed by BlackRock , minister to presidency Juan Carlos Orillac said on Friday. U.S. BlackRock announced …

Panama to request legal, financial documents on CK Hutchison-BlackRock port deal Read More »

(Reuters) -Activist investor Mantle Ridge has built a stake worth more than $1 billion in consultancy firm Cognizant Technology, saying its shares are undervalued, the Wall Street Journal reported on Friday. Shares of the company, whose market capitalization stands at more than $41 billion, rose over 5% in extended trading. Mantle Ridge started buying up …

Activist investor Mantle Ridge builds a more than $1 billion stake in Cognizant, WSJ reports Read More »