WASHINGTON (Reuters) -Billionaire Elon Musk, who has been ramping up criticism of U.S. President Joe Biden, has donated to a political group working to elect rival presidential candidate Donald Trump, Bloomberg reported on Friday, citing sources. The report did not indicate how much Musk donated but added it was “a sizable amount” given to a …
Musk donates to group working to elect Trump, Bloomberg reports Read More »
By Miguel Lo Bianco and Noelle Harff BUENOS AIRES (Reuters) -Argentines say they are yet to feel the benefits of cooling inflation, as a five-month streak of slowing prices ended when official data on Friday showed inflation in June was higher than in May. Since President Javier Milei took power late last year, inflation has …
As Argentine inflation cools to single digits, residents are still skeptical Read More »
By Noel Randewich and Medha Singh (Reuters) -Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results. Some of the market’s most valuable companies bounced …
Wall Street closes higher on bets for Fed rate cut Read More »
By Waylon Cunningham (Reuters) – A U.S. trade regulator on Friday announced a suite of actions taking aim at “unfair and deceptive practices” it said are illegally imposed on U.S. franchisees by their brand owners, such as requiring new fees not outlined in franchise contracts, or using contract provisions to discourage franchisees from speaking with …
US FTC issues warning to franchisors over unfair business practices Read More »
By Allende Miglietta BALTIMORE (Reuters) – United Auto Workers President Shawn Fain on Friday criticized Donald Trump’s U.S. presidential candidacy and praised President Joe Biden without ever using his name or repeating the union’s January endorsement for his re-election this fall. “It’s clear that Donald Trump in the White House would be a complete disaster …
Auto workers union chief blasts Trump, praises Biden without using his name Read More »
By Dawn Chmielewski (Reuters) – Billionaire investor Mario Gabelli’s investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week. Skydance Media and Paramount Global agreed on Sunday to merge, in a deal that …
Gabelli asks Paramount for details on National Amusements valuation Read More »
By Clara Denina and Anirban Sen TORONTO/NEW YORK (Reuters) -Canada’s Lundin Mining Corp and mining giant BHP Group are weighing a potential joint bid for Filo Corp, people familiar with the matter told Reuters on Friday. The talks between Lundin and BHP are at an early stage, the sources said, adding that there is no …
Lundin Mining, BHP weighing joint bid for copper miner Filo Corp, sources say Read More »
By Jonathan Stempel (Reuters) – A federal judge in California dismissed a lawsuit accusing the Federal Deposit Insurance Corp (FDIC) of improperly blocking nearly 170 former employees of the failed First Republic Bank from accessing at least $150 million of retirement funds. U.S. District Judge Haywood Gilliam ruled on Friday that a federal law enacted …
First Republic ex-employees’ lawsuit against US FDIC is dismissed Read More »
By David Shepardson WASHINGTON (Reuters) -AT&T said on Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records of calls and texts from 2022 was illegally downloaded in April. The U.S. telecom company said the FBI is investigating and at least one person has been arrested after …
AT&T says data from 109 million US customer accounts illegally downloaded Read More »
(Reuters) – Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Friday, but also cited some headwinds and reasons for caution. The results by three major U.S. banks kicked off the second-quarter earnings season. Deal flow has been improving from a drought after the …
Wall Street banks see investment banking improvement, with some caution Read More »
