(Reuters) – The Federal Reserve Bank of Kansas City on Wednesday said its annual central banking conference in Jackson Hole, Wyoming, will take place from Aug. 22-24. The event, one of the premier global central bank gatherings of the year, which typically features a keynote speech from Federal Reserve Chair Jerome Powell, will focus on …
Kansas City Fed sets Jackson Hole conference dates Aug 22-24 Read More »
By Dietrich Knauth NEW YORK (Reuters) – Major League Baseball, the National Hockey League and the National Basketball Association said on Wednesday that bankrupt broadcaster Diamond Sports may not survive without a new deal with cable distributor Comcast. The sports leagues told a bankruptcy judge at a court hearing in Houston that they need more …
Sports leagues question whether broadcaster Diamond can survive without Comcast Read More »
(Reuters) -Telecom giant AT&T has struck a deal with satellite provider AST SpaceMobile to deliver a space-based broadband network direct to cell phones, the companies said on Wednesday. AST SpaceMobile’s shares shot up nearly 33.5% in extended trading. The Texas-based company plans to dispatch five satellites from Cape Canaveral into low-Earth orbit this summer, aiming …
AT&T, AST SpaceMobile tie up to provide space-based broadband network to cell phones Read More »
By Marta Nogueira, Sabrina Valle and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil’s state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the …
Magda Chambriard, new Petrobras CEO, charged by Lula with firing up job creation Read More »
By Saadeq Ahmed TORONTO (Reuters) – A self-proclaimed Canadian “Crypto King” and an associate who received more than C$40 million ($29.4 million) from investors have been arrested and charged with fraud, police said on Wednesday. Aiden Pleterski, 25, was charged with fraud over C$5,000 and laundering the proceeds of crime on May 2, Durham Regional Police said in …
Canadian self-proclaimed ‘Crypto King’ and associate charged with fraud Read More »
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors’ hopes for interest rate cuts by the Federal Reserve. All three indexes hit intraday record …
Wall Street boasts record closes as inflation data fuels rate-cut bets Read More »
(Reuters) -Cisco Systems forecast fourth-quarter revenue above Wall Street estimates on Wednesday as the network equipment maker benefits from a pick up in enterprise spending and easing supply chain constraints. The company’s shares rose 5% in trading after the bell. Cisco has been benefiting from an increase in spending, with companies trying to boost their …
Cisco forecasts upbeat fourth-quarter revenue on enterprise demand Read More »
By Fabio Teixeira, Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) -Brazil’s Petrobras announced the exit of its CEO and chief financial officer on Wednesday, and shares tumbled on news that a former regulator with views closer to those of President Luiz Inacio Lula da Silva will take the helm of the state-run …
Petrobras shares plunge as Brazil’s Lula swaps CEO, CFO Read More »
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, ending months of speculation that it had made a big new investment. In a regulatory filing describing its U.S.-listed stock holdings as of March 31, Berkshire said it owned 25.92 million shares of Chubb. …
Berkshire reveals $6.72 billion stake in insurer Chubb Read More »
By Rodrigo Viga Gaier and Marta Nogueira RIO DE JANEIRO (Reuters) -The chief executive of Brazil’s Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced for political interference. Brazilian President Luiz Inacio Lula da Silva …
Brazil pushes out Petrobras CEO, names ex-regulator to top job Read More »
