By Suzanne McGee (Reuters) – Options on just-launched leveraged products that track the spot price of bitcoin via derivative swaps began trading on Thursday, a first for the cryptocurrency exchange-traded fund (ETF) universe. Investors will now be able to buy options on the T-Rex 2x Long Bitcoin Daily Target ETF and the T-Rex 2x Inverse …
By Kanishka Singh WASHINGTON (Reuters) – Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers and unsafe storage, requiring the company to improve workplace safety in stores across the U.S. in a settlement with the federal Labor Department, the …
Dollar General to pay $12 million penalty, improve safety in US settlement Read More »
By Alexandra Alper and Christopher Bing WASHINGTON (Reuters) -Republican lawmakers asked the Biden administration for an intelligence assessment of Microsoft’s $1.5 billion investment in UAE-based artificial intelligence firm G42 over concerns about transfer of sensitive technology and G42’s historic ties to China. Representative Michael McCaul, chair of the House Foreign Affairs Committee, and John Moolenaar, …
US lawmakers raise worries about China in Microsoft deal with Emirati AI firm Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. Senate Commerce Committee chair Maria Cantwell said on Thursday she has asked Boeing CEO Dave Calhoun to appear before her committee as she prepares legislation that would boost Federal Aviation Administration oversight of planemakers. Calhoun appeared before another Senate committee on June 19, but Cantwell told reporters she expects …
Senator wants Boeing CEO to testify as she prepares new FAA legislation Read More »
MELBOURNE (Reuters) -Australia’s BHP Group will temporarily suspend its Nickel West operations and West Musgrave project from October, the miner said on Thursday, as it reels from a plunge in metal prices and an oversupply in the global market. The world’s largest listed miner intends to review its decision to temporarily suspend its Western Australia …
BHP to suspend Western Australia nickel operations Read More »
By Jody Godoy NEW YORK (Reuters) -Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm. The …
Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft has given up its board observer seat at OpenAI in a move aimed at easing U.S. and UK antitrust regulators’ concerns about the extent of its control over the AI startup amid the soaring popularity of generative artificial intelligence. But the change was unlikely to resolve concerns by the …
Microsoft ditches OpenAI board observer seat to stave off antitrust scrutiny Read More »
By Arriana McLymore and Siddharth Cavale NEW YORK (Reuters) -While American children may wish summer vacation would never end, retailers want back-to-school season to start earlier than ever — preferably now — and are timing promotions ahead of Amazon’s Prime Day. With deals on sneakers, computers, kids’ clothing and backpacks, Walmart, Target and Shein hope …
As summer sizzles, US retailers try to move back-to-school shopping to July Read More »
By Daniel Wiessner (Reuters) – A federal judge in Texas said on Wednesday he would block the National Labor Relations Board from pursuing claims that Elon Musk’s SpaceX forced workers to sign illegal severance agreements, pending the outcome of the rocket maker’s challenge to the agency’s structure. U.S. District Judge Alan Albright in Waco, Texas, …
SpaceX wins block on US labor board case over severance agreements Read More »
By Aishwarya Jain (Reuters) -Honeywell said on Wednesday it would buy Air Products’ liquefied natural-gas process technology and equipment business for $1.81 billion in cash, marking the industrial giant’s fourth acquisition this year. The deal would complement Honeywell’s LNG pretreatment business by adding technologies such as heat exchangers and cryogenic equipment to its portfolio amid …
Honeywell to buy Air Products’ LNG unit for $1.81 billion as deal-making spree continues Read More »
