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(Reuters) -Wall Street’s top regulator plans to redraft its proposal for “swing pricing” regulations on how so-called open-end investment funds should manage liquidity after the industry objected, according to a regulatory agenda on Monday. The U.S. Securities and Exchange Commission in 2022 issued the proposal which it said would help such funds, in which investors …

Wall Street regulator to start over on ‘swing pricing’ rules for open-end funds Read More »

By Dawn Chmielewski (Reuters) – Skydance Media CEO David Ellison on Monday sketched out a vision for Paramount Global as a technology-media hybrid company at a time Hollywood has been competing for attention with tech giants moving into the entertainment business.  In an hour-long presentation to the financial community following the announcement of a merger …

Skydance’s David Ellison describes Paramount’s tech-media hybrid future Read More »

By Milana Vinn (Reuters) -Private equity firm Bain Capital is nearing a deal to acquire Envestnet, a U.S. financial software vendor with a market value of about $3.5 billion, people familiar with the matter said on Monday. If the negotiations conclude successfully, a deal with Bain could be announced as soon as this week and …

Exclusive-Bain Capital nears deal to buy Envestnet, sources say Read More »

By Shariq Khan and Nicole Jao NEW YORK (Reuters) – A double whammy of record heat and hurricanes should test U.S. refiners’ resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season, analysts said. The Atlantic hurricane season from June through November is an annual …

Record US summer heat, hurricanes could roil fuel prices as oil refiners sweat Read More »

By Davide Barbuscia and Lewis Krauskopf NEW YORK (Reuters) – With doubts growing about whether President Joe Biden will remain a candidate for re-election in 2024, some investors are preparing to game out potential economic scenarios and trades if a stronger Democratic candidate emerges. Bond yields rose following Biden’s stumbling performance against Republican rival Donald …

Analysis-Investors chart possible moves as pressure mounts on Biden Read More »

By Noel Randewich and Ankika Biswas (Reuters) -The S&P 500 and Nasdaq notched record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome Powell and the start of quarterly earnings season. Nvidia rose nearly 2%, Intel rallied over 6% and Advanced Micro Devices added 4%, lifting the Philadelphia semiconductor …

S&P 500 and Nasdaq notch record highs; chipmakers climb Read More »

WASHINGTON (Reuters) – The Pentagon plans to assess Boeing’s improvement plans and Justice Department deal before determining what impact the planemaker’s plan to plead guilty could have on its government contracts, a U.S. defense official told Reuters on Monday. A guilty plea potentially threatens the company’s ability to secure lucrative government contracts with the likes …

Pentagon to assess Boeing deal with DOJ before deciding on impact of guilty plea Read More »

(Reuters) -A United Airlines jet lost a main landing gear wheel while taking off from Los Angeles, it said on Monday, months after a similar incident at the carrier involving a Boeing jet. The United Flight 1001, a Boeing 757-200, safely landed in Denver after losing one wheel on takeoff, the carrier said in an …

United Airlines flight loses wheel after takeoff Read More »

By Maria Martinez (Reuters) -German exports fell more than expected in May, due to weak demand from China, the U.S and European countries, data from the federal statistics office showed on Monday. Exports fell by 3.6% in May compared with the previous month, compared with the 1.9% decrease forecast by analysts in a Reuters poll. …

German exports fall more than forecast in May Read More »