By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board cited incorrect assumptions on the part of a an air traffic controller that led to the February 2023 near-collision between a FedEx plane and a Southwest Airlines jet in Austin, Texas. The two planes came within about 170 feet of each other when the …
NTSB cites controller actions in near-miss air disaster in Texas Read More »
(Reuters) – As Nvidia threatens to dethrone Microsoft as the world’s most valuable company, at least a few investors are betting its soaring shares will return to earth. Outstanding short bets against Nvidia stand at about $34 billion, nearly twice as much as what has been bet against Apple and Tesla, the next two biggest …
Short bets against Nvidia stand at $34 billion, S3 Partners says Read More »
By Davide Barbuscia NEW YORK (Reuters) – The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and Exchange Commission in December adopted new rules aimed at reducing systemic risk in the $27 trillion Treasury …
Wall Street frets over timeline for centralized Treasury clearing Read More »
By Nichola Groom (Reuters) – A two-year U.S. tariff holiday on solar panels from Southeast Asia expires on Thursday, starting the clock ticking for American project developers to use the huge amount of equipment they stockpiled duty-free over that period by the end of this year. The dynamic could result in a mini-boom in already …
US solar projects could boom amid deadline to use up tax-exempt panel glut Read More »
By David French and Arathy Somasekhar (Reuters) – U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. Devon missed out on the sector’s dealmaking boom by …
How Devon Energy missed out on the US oil and gas mega-deal wave Read More »
By Hannah Lang and Chris Prentice (Reuters) – The timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission’s queries, Chair Gary Gensler said on Wednesday. The SEC last month approved applications from Nasdaq, CBOE and NYSE …
Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says Read More »
By Andrew Silver SHANGHAI (Reuters) -Novo Nordisk is facing the prospect of intensifying competition in the promising Chinese market where drugmakers are developing at least 15 generic versions of its diabetes drug Ozempic and weight loss treatment Wegovy, clinical trial records showed. The Danish drugmaker has high hopes that demand for its blockbuster drugs will …
Novo Nordisk braces for generic challenge to Ozempic, Wegovy in China Read More »
(Reuters) – Chanel artistic director Virginie Viard is leaving the label, the luxury brand said on Thursday, kicking off a flurry of speculation over who will replace her in one of the fashion industry’s highest profile positions. “A new chapter is opening for Chanel Mode,” Chanel said in a statement, confirming the change, which was …
Chanel’s creative director Virginie Viard to leave brand Read More »
(Reuters) – German industrial orders unexpectedly fell in April, marking the fourth month in a row of decreases, due to a significantly smaller number of large-scale orders compared with the previous month, according to federal statistics office data on Thursday. New orders were down by 0.2% month on month on a seasonally and calendar-adjusted basis. …
German industrial orders unexpectedly fall in April Read More »
By Lisa Baertlein and Lisa Barrington LOS ANGELES (Reuters) -A new U.S. crackdown on customs brokers handling billions of dollars in inexpensive online shopping orders from giants like China-linked Shein and Temu is likely to cause delivery delays and bottlenecks, industry experts said. U.S. Customs and Border Protection announced late last week it suspended “multiple” …
No-tariff shipments popular with Shein, Temu hit US customs speedbump Read More »
