By Jonathan Stempel NEW YORK (Reuters) – Coinbase must face a lawsuit by customers who accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as a broker-dealer, a federal judge ruled on Friday. U.S. District Judge Paul Engelmayer in Manhattan rejected Coinbase’s argument it did not qualify as a “statutory seller” under …
By Michael S. Derby (Reuters) -The Federal Reserve’s latest Monetary Policy Report to Congress, released on Friday, was upbeat about the state of the economy but warned about some concerning aspects of the financial system. The report, which comes ahead of next week’s testimony before Congress by Fed Chair Jerome Powell, said central bank officials …
Fed Monetary Policy Report flags solid economy, elevated markets Read More »
(Reuters) -Influential proxy advisory firm Institutional Shareholder Services recommended on Friday that Apple investors vote against a proposal to consider eliminating the iPhone maker’s diversity, equity and inclusion policies. Apple’s disclosures offer shareholders sufficient information about its DEI policies and there have been no controversies or signs of discrimination against employee groups, ISS said. The …
ISS urges Apple investors to vote against scrapping diversity policies Read More »
By Pritam Biswas and Atharva Singh (Reuters) -Shares of Titan America rose 1.25% in their debut on the New York Stock Exchange, giving the Belgium-based cement producer a market capitalization of $2.99 billion. The company’s shares opened at $16.2 apiece, compared with the IPO price of $16. The cement producer, together with its parent company …
Titan America valued at nearly $3 billion as shares rise 1.25% in NYSE debut Read More »
(Reuters) -U.S. consumer sentiment dropped unexpectedly in February to a seven-month low and inflation expectations rocketed as households feared it may be too late to avoid the negative effects on their purchasing power from President Donald Trump’s threatened tariffs. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to …
US consumer sentiment drops as inflation expectations surge Read More »
By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …
US drillers add oil and gas rigs for second week in a row, Baker Hughes says Read More »
(Reuters) – The U.S. government added 9,000 workers in January, a gain economists do not expect to see repeated in the months ahead as President Donald Trump looks to cull the ranks of the federal workforce. Trump came back to the presidency last month pledging to reduce the size of the federal government, and appointed …
US government added 9,000 jobs in January, gain not expected to continue Read More »
By Marianna Parraga HOUSTON (Reuters) – Venezuela’s state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for producing exportable blends, according to company documents and vessel tracking data. U.S.-sanctioned Venezuela and Iran had a swap agreement that allowed PDVSA to import …
Exclusive-Venezuela’s PDVSA resumes light crude imports as output dwindles Read More »
By Fabian Cambero SANTIAGO (Reuters) -Chilean state miner Codelco, the world’s largest copper producer, is targeting production of 1.391 million metric tons of the red metal this year, according to an unpublished government decree approving its 2025 budget reviewed by Reuters. The firm, which is battling to lift production off quarter-century low levels, has also …
By Howard Schneider WASHINGTON (Reuters) -Defying fears of a pandemic-driven Great Depression and bucking Federal Reserve interest rate hikes as well, the U.S. job market closed out the Biden era at the cusp of full employment, if not beyond it, with steady job gains, growing wages, and enough momentum to possibly rekindle fears of overheating. …
Trump inherits a labor market at full employment. Can he keep it there? Read More »
