By Kanishka Singh WASHINGTON (Reuters) -Boeing CEO Kelly Ortberg will testify on April 2 before the U.S. Senate Commerce Committee, the panel’s chair, Republican Senator Ted Cruz, said on Friday. The hearing will examine the steps taken at Boeing to address its production and safety issues following an Alaska Airlines Flight 1282 incident last year …
Boeing CEO to testify before US Senate commerce panel on April 2 Read More »
By Timothy Gardner, Leah Douglas and Nathan Layne WASHINGTON (Reuters) -The campaign by President Donald Trump and his adviser Elon Musk to radically cut back the U.S. bureaucracy spread on Friday, firing more than 9,500 workers who handled everything from managing federal lands to caring for military veterans. Workers at the departments of Interior, Energy, …
Nearly 10,000 fired as Trump, Musk step up assault on US agencies Read More »
By Suzanne McGee (Reuters) – Asset managers, ranging from wealth management companies to hedge funds and pension funds, boosted allocations to U.S. exchange-traded funds tied to the price of bitcoin in the fourth quarter of 2024, as the price of the world’s largest cryptocurrency soared 47%, according to recent regulatory filings. The State of Wisconsin …
Fund managers boost exposure to bitcoin ETFs, quarterly US filings show Read More »
By Roberto Samora and Andre Romani SAO PAULO/BRASILIA (Reuters) -Brazilian miner Vale said on Friday it expects to raise iron ore production in its main complex Carajas, in northern Brazil, by nearly 13% through 2030 as part of a 70 billion real ($12.26 billion) investment plan in the region. Brazil’s presidential palace announced the investment …
Vale expects to raise Carajas iron ore output by 13% with billionaire investment Read More »
By Noel Randewich and Sukriti Gupta (Reuters) – Wall Street stocks ended mixed on Friday, with Nvidia climbing and Microsoft dipping, while Treasury yields declined a day after U.S. President Donald Trump unveiled reciprocal tariff plans but stopped short of imposing new ones. Yields across government bonds slipped for a second straight day after data …
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands, and said it has reduced its holdings in four banks, including Citigroup and Bank of America. In a regulatory filing detailing its U.S.-listed stock holdings as of December 31, Berkshire also disclosed it has …
Berkshire takes swig of Modelo maker Constellation; cuts BofA, Citigroup Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Matthews International on Friday announced a number of corporate governance changes aimed at pushing up the casket maker’s stock price less than a week before shareholders cast votes in a bitter boardroom battle. The company said it will appoint a new independent board chair by next year’s annual …
Matthews announces governance changes as vote on boardroom fight looms Read More »
By Carolina Mandl BANGALORE/NEW YORK (Reuters) -U.S.-based hedge fund Viking Global built a $526 million-worth new position in planemaker Boeing in the fourth quarter, with 2.9 million shares, and roughly doubled bets on JPMorgan Chase, a regulatory filing showed on Friday. Shares in Boeing are up 3.92% year to date, but are still worth 30% …
Hedge fund Viking buys Boeing shares, adds more JPMorgan, filing shows Read More »
(Reuters) – JPMorgan Chase expects to face criticism on some of its business practices, including diversity, equity and inclusion (DEI), according to its regulatory filing on Friday. The largest U.S. bank “has been and expects that it will continue to be criticized by activists, politicians and other members of the public concerning business practices or …
By Dan Burns NEW YORK (Reuters) – President Donald Trump on Friday kept alive his drumbeat of tariff threats, saying levies on automobiles would be coming as soon as April 2, the day after members of his cabinet are due to deliver reports to him outlining options for a range of import duties as he …
Trump keeps tariffs drumbeat going, with autos targeted next Read More »
