(Reuters) -Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors wiped $279 billion from the value of market darling chipmaker Nvidia. Oil hit year-to-date lows in Asia trade, the safe-haven yen rose, Japanese stocks fell more than …
By Nandita Bose WASHINGTON (Reuters) -Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her latest economic policy aimed at winning over middle-class Americans after jumping into the presidential race over a month ago. Harris is aiming to …
Kamala Harris to propose up to $50,000 tax deduction for new small businesses Read More »
(Reuters) -Wall Street’s main indexes slid on Tuesday, with the S&P 500 down more than 2% and the Nasdaq Composite down over 3% as investors softened their optimism about AI in a broad market sell-off that accelerated after tepid economic data. The benchmark S&P 500 index, Nasdaq and Dow registered their biggest daily drop since …
U.S. stocks tumble as September starts, investors cool on chips Read More »
By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks slumped on Tuesday, at the start of one of the market’s historically worst months, ahead of data likely to influence how much the Federal Reserve will lower interest rates. The benchmark S&P 500 index, Nasdaq Composite Index and the Dow Jones Industrial Average recorded their biggest daily …
Wall Street drops on September worries, upcoming data Read More »
WASHINGTON (Reuters) -Six credit rating agencies agreed to pay a total of more than $49 million in civil penalties to settle U.S. Securities and Exchange Commission charges they broke recordkeeping rules, the regulator said on Tuesday. Moody’s Investors Service, S&P Global Ratings, Fitch Ratings, HR Ratings de Mexico, A.M. Best Rating Services and Demotech each …
Six rating agencies to pay over $49 million over recordkeeping failures, SEC says Read More »
(Reuters) -The U.S. Department of Justice has sent a subpoena to Nvidia as it deepens its probe into the AI heavyweight’s antitrust practices, Bloomberg News reported on Tuesday, citing people familiar with the investigation. The antitrust watchdog had previously delivered questionnaires and has now sent legally binding requests to Nvidia, the report said, adding that …
Nvidia gets subpoena from US DoJ, Bloomberg News reports Read More »
(Reuters) – Airbnb on Tuesday asked New York City to reconsider regulations on short-term rentals that went into effect in September 2023, citing higher prices for travelers and zero impact on the housing market. In a blog post, Airbnb said Local Law LL18, which states hosts must be permanent occupants of the units being rented …
Airbnb asks NYC to reconsider regulations on short-term rentals Read More »
(Reuters) – Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained “false or inaccurate statements” about the AI server maker. In its first comments on the allegations, Super Micro said the report contained “misleading presentations of information that we have previously shared publicly”. …
AI server maker Super Micro denies short-seller Hindenburg’s claims Read More »
(Reuters) -The Communications Workers of America (CWA) have informed AT&T and the Federal Mediation and Conciliation Service that it would no longer be a part of the mediation, it said in a statement on Monday. “The company was using the mediation process as another delaying tactic,” said CWA District 3 Vice President Richard Honeycutt. More …
Communications Workers of America withdraws from mediation with AT&T Read More »
By Hannah Lang (Reuters) -Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $100,000 for the Democratic presidential nominee at a Sept. 13 Washington fundraiser. The grassroots event is scheduled to take place between the Congressional Black Caucus …
US crypto executives to throw Washington fundraiser for Harris Read More »
