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(Reuters) -Shares of billionaire investor Carl Icahn’s Icahn Enterprises closed at a more than 20-year low on Monday after the firm said it will sell up to $400 million depository units through an “at-the-market” offering program. The stock dropped as much as 14.3% to $13.62, the lowest since November 2003, but pared losses to close …

Icahn Enterprises shares plunge to 20-year low after $400 million unit sale plan Read More »

-Facebook owner Meta Platforms struck a deal to buy geothermal power from Sage Geosystems to supply its U.S. data centers, it said on Monday, as it races to build out the infrastructure to support its massive investments in energy-hungry artificial intelligence. The first phase of the 150-megawatt project should be operational by 2027 and “significantly” …

Meta Platforms strikes geothermal energy deal to power US data centers Read More »

By Nate Raymond (Reuters) – A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S. Consumer Financial Protection Bureau that requires lenders to gather demographic data on small business borrowers. U.S. District Judge Randy Crane in McAllen, Texas, had blocked the agency from enforcing the rule nationwide after …

Banking industry loses challenge to CFPB small business loan rule Read More »

NEW YORK (Reuters) -The Bank of New York Mellon has agreed to pay $5 million to settle U.S. Commodity Futures Trading Commission charges for repeatedly failing to correctly report millions of swap transactions, violating a previous order, the regulator said in a statement on Monday. BNY repeatedly failed to correctly report at least 5 million …

Bank of New York Mellon to pay $5 million over swap reporting, supervision failures, CFTC says Read More »

By Fergal Smith (Reuters) -Canada’s main stock rose to an all-time high on Monday as a jump in oil prices boosted energy shares, and ahead of quarterly earnings this week from five of Canada’s six major banks. The Toronto Stock Exchange’s S&P/TSX composite index ended up 62.89 points, or 0.3%, at 23,348.97. It eclipsed the …

TSX posts record high on rotation into commodity-linked shares Read More »

KINGSTON (Reuters) – The International Monetary Fund on Monday named Jamaican Finance Minister Nigel Clarke to a top post at the agency, after the official spearheaded fiscal reforms in the Caribbean nation. Clarke, nominated by IMF Managing Director Kristalina Georgieva, is set to replace Antoinette Sayeh as one of the IMF’s three deputy managing directors …

IMF taps Jamaica finance minister for deputy role Read More »

By Johann M Cherian and Noel Randewich (Reuters) -The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week, while investors awaited inflation data for clues about the path of interest-rate cuts by the Federal Reserve. The tech-heavy Nasdaq also declined, but the Dow Jones Industrial Average …

S&P 500 ends lower, weighed down by Nvidia dip Read More »

SYDNEY (Reuters) – Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said on Monday. As of March 2024, 15% of Australian households were experiencing home insurance affordability stress, which is defined …

Australian homeowners struggling to afford insurance as climate risks grow, report says Read More »

(Reuters) -Pavel Durov, billionaire founder and CEO of the Telegram messaging app, was arrested at the Bourget airport outside Paris on Saturday evening, TF1 TV and BFM TV said, citing unidentified sources. TF1 and BFM both said the investigation was focused on a lack of moderators on Telegram, and that police considered that this situation …

Factbox-Who is Pavel Durov, CEO of messaging app Telegram? Read More »

By Allison Lampert MONTREAL (Reuters) -The Canada Industrial Relations Board ordered on Saturday a halt to work stoppages at the country’s largest railways, signaling an end to an unprecedented service disruption at both main freight rail carriers that threatened to hammer Canada’s export-driven economy.  The independent labor tribunal made the decision after Canada asked it …

Canada labor board orders end to railway work stoppage Read More »