By Shreyashi Sanyal and Noel Randewich (Reuters) – Wall Street ended sharply higher on Wednesday after the Federal Reserve said it would end its pandemic-era bond purchases in March as it exits from policies enacted at the start of the health crisis. Following its two-day policy meeting, the Fed signaled its inflation target has been …
Wall Street ends higher; Fed to end bond purchases in March Read More »
NEW YORK (Reuters) – A former Wall Street quantitative analyst pleaded guilty on Wednesday to insider trading for making nearly 2,900 trades after learning his employer would soon make the same trades for clients, known as front-running, prosecutors said. Sergei Polevikov, who worked for OppenheimerFunds at the time, pleaded guilty to one count of securities …
Ex-Wall Street quantitative analyst pleads guilty to U.S. insider trading charge Read More »
By Howard Schneider and Jonnelle Marte WASHINGTON (Reuters) – The Federal Reserve said on Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the U.S. central bank copes with a surge of …
Fed signals three rate hikes in the cards in 2022 as inflation fight begins Read More »
(Reuters) – Apple Inc is delaying its return to the office indefinitely, Bloomberg News reported on Wednesday, citing a memo sent by Chief Executive Officer Tim Cook. The company did not immediately respond to a Reuters request for comment. (Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta)
By Greg Roumeliotis (Reuters) – Private equity firm Madison Dearborn Partners LLC has approached MoneyGram International Inc, one of the world’s largest money transfer companies, with an acquisition offer, two people familiar with the matter said on Wednesday. The Dallas-based company has become an acquisition target as intense competition in the sector from digital rivals …
Exclusive-Buyout firm Madison Dearborn approaches MoneyGram with acquisition bid-sources Read More »
By Timothy Aeppel and Xiaoyu Yin PEMBROKE, Mass./DONGGUAN, China (Reuters) -Fraser Townley eyes two gaping holes in one side of a pallet one of his workers just pulled out of the orange Hapag-Lloyd shipping container that arrived here at his warehouse from China one recent chilly morning. “Clearly a forklift,” he mutters. The damage could …
From China to Best Buy: Gaming controllers hit bumps on way to U.S. consumers Read More »
By Ben Klayman DETROIT (Reuters) -Electric vehicle startup Canoo Inc on Wednesday said it was accelerating its production plans in the United States while ending its deal for VDL Nedcar in Netherlands to serve as its contract manufacturer in Europe. Canoo shares were up 3% in after hours trading. The Arkansas-based company said the shift …
Canoo revs up U.S. electric vehicle production plan as drops overseas deal Read More »
By Joseph Menn and Joel Schectman WASHINGTON (Reuters) – A group of U.S. lawmakers is asking the Treasury Department and State Department to sanction Israeli spyware firm NSO Group and three other foreign surveillance companies they say helped authoritarian governments commit human rights abuses. Their letter sent late Tuesday also asks for sanctions on top …
U.S. lawmakers call for sanctions against Israel’s NSO, other spyware firms Read More »
By Tina Bellon (Reuters) – Aurora Innovation Inc on Wednesday said it had launched a pilot program with the freight unit of Uber Technologies Inc to transport goods in Texas and to integrate autonomous trucking into Uber Freight’s shipping platform. Aurora said it began autonomously transporting loads for Uber Freight customers between Dallas and Houston …
Self-driving truck company Aurora launches pilot with Uber Freight Read More »
NEW YORK (Reuters) – The Federal Reserve, signaling its inflation target has been met, on Wednesday said it would end its pandemic-era bond purchases in March, paving the way for three quarter-percentage-point interest rate increases by the end of 2022. In new economic projections released following the end of a two-day policy meeting, officials forecast …
FOMC speeds up taper and opens door to rate lift off in 2022 Read More »
