By Lewis Krauskopf (Reuters) – The stakes are high for the monthly U.S. jobs report in the coming week, as investors gauge whether a string of worrisome data is signaling significant concern about the economy. The benchmark S&P 500 stock index has pulled back 4% from its all-time high reached earlier this month, while falling …
Rising investor angst about economy to be tested by US jobs data Read More »
SYDNEY (Reuters) – Australia’s property market emerged from a shallow downturn in February as the first rate cut in over four years lifted buyer sentiment, although the still-high borrowing costs and elevated prices are clouding the outlook. Figures from property consultant CoreLogic showed prices across the nation rose 0.3% in February from January, ending three …
By Ross Kerber (Reuters) – State Street’s asset management unit on Friday dropped targets for the number of women and minority directors who should serve on corporate boards, according to new proxy voting guidance posted on its website. The changes were in line with those of other major asset managers under political pressure, shifts likely …
‘Fearless Girl’ statue sponsor State Street drops boardroom diversity targets Read More »
(Reuters) -Volkswagen is recalling 60,490 U.S. vehicles due to a failure to display the gear position that may result in a vehicle rollaway if the parking brake is not engaged, the U.S. National Highway Traffic Safety Administration said on Saturday. The recall affects certain 2021-2023 ID.4, 2022-2023 Audi Q4 e-Tron, and Q4 e-Tron Sportback vehicles, …
Volkswagen to recall over 60,000 US vehicles, NHTSA says Read More »
By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Vietnam’s Prime Minister Pham Minh Chinh said on Saturday the government wanted to rapidly issue a licence for Elon Musk’s Starlink to provide satellite internet in the country under a pilot scheme. Chinh, speaking with nearly 40 U.S. businesses in Hanoi, also said that Vietnam was taking …
Vietnam PM pledges quick licensing for Musk’s Starlink, more imports Read More »
By Nate Raymond (Reuters) – A federal judge dismissed on Friday a lawsuit by U.S. securities regulators accusing an online entrepreneur of raising more than $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to buy luxuries including the world’s largest black diamond. U.S. District Judge Carol Bagley Amon in Brooklyn …
US judge dismisses SEC fraud lawsuit against Hex crypto founder Read More »
(Reuters) – Alternative asset manager Blackstone’s CEO Steve Schwarzman collected over $1 billion in pay and dividends last year, Bloomberg News reported on Friday. The company paid $84 million to Schwarzman for 2024, including a base salary of $350,000, it said in a regulatory filing. He earned $916 million in dividends, according to the Bloomberg …
By Noel Randewich (Reuters) -Wall Street ended higher on Friday after a choppy trading session, with Dell Technologies dipping and other tech stocks climbing after a meeting between the U.S. President Donald Trump and Ukrainian counterpart Volodymyr Zelenskiy ended in disaster. Zelenskiy and Trump traded verbal blows at the White House before the world’s media. …
Wall Street ends higher after Zelenskiy and Trump clash Read More »
By Jasper Ward WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Friday that Mexico has proposed matching U.S. tariffs on China in a move that he described as “very interesting” and one that Canada should match. Top Mexican officials have met with members of Trump’s cabinet this week for trade talks ahead of a …
Mexico has proposed matching US tariffs on China, Bessent says Read More »
By Suzanne McGee (Reuters) – The U.S. Securities & Exchange Commission sounded the alarm about aspects of the first broad private credit market exchange-traded fund, in a letter posted on its website on Thursday, hours after the ETF began trading. In what analysts and other asset management firms described as a highly unusual move, Brent …
US regulators, in unusual move, raise concerns about new private credit ETF Read More »
