By Saeed Azhar (Reuters) -Goldman Sachs’ Stephanie Cohen, global head of its platform solutions division, became the latest executive to depart the Wall Street giant on Monday after a series of senior exits. Cohen, who joined the bank as an analyst in 1999 and was promoted to partner 2014, ran Goldman’s consumer and fintech operations, …
Goldman Sachs veteran Stephanie Cohen resigns in latest senior exit Read More »
By Arathy Somasekhar HOUSTON (Reuters) -U.S. crude oil stockpiles in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level prior to a massive 180 million barrel sale two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday. The U.S. is replenishing the SPR, after President Joe Biden’s administration announced …
US aims to return emergency oil reserve to prior levels by year-end Read More »
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main indexes closed higher on Monday, with megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited anxiously for the U.S. Federal Reserve’s meeting this week. Google’s parent Alphabet provided a sizeable boost to the market after …
Wall Street ends higher, investors juggle Fed nerves with AI enthusiasm Read More »
By Ann Saphir (Reuters) – U.S. central bankers are not expected to cut borrowing costs this week, but their new economic projections may be a wild card, potentially signaling fewer interest rate cuts and a later start to the policy easing than they previously had estimated. Keeping interest rates at the current high levels for …
Inflation frustration may prompt Fed to dial back rate-cut outlook Read More »
ISTANBUL (Reuters) -Turkey’s competition authority imposed on Monday an interim measure on Meta Platforms Inc meant to hinder data sharing between the Instagram and Threads platforms as it investigates possible abuse of the company’s dominant market position. In December, the authority launched an investigation into Facebook parent Meta over a possible violation of competition law …
Turkey moves against Meta over Threads-Instagram data sharing Read More »
By Joey Roulette and Marisa Taylor WASHINGTON (Reuters) – SpaceX is building a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency, five sources familiar with the program said, demonstrating deepening ties between billionaire entrepreneur Elon Musk’s space company and national security agencies. The network is being built by …
By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How quaint. Today technology so infuses every aspect of McDonald’s business that it would …
(Reuters) -U.S. prosecutors in Virginia are probing whether Facebook-parent Meta’s social media platforms facilitated and profited from the illegal sale of drugs, the Wall Street Journal reported on Saturday, citing documents and people familiar with the matter. The prosecutors sent subpoenas last year and have been asking questions as part of a criminal grand jury …
US investigating Meta for role in illicit drug sales, WSJ reports Read More »
(This March 14 story has been refiled to correct the spelling of Cleveland-Cliffs CEO Lourenco Goncalves’ surname in paragraph 9) By Trevor Hunnicutt and Alexandra Alper WASHINGTON (Reuters) – U.S. Steel Corp, which has agreed to be bought by Japan’s Nippon Steel for $14.9 billion, must remain a domestically owned American firm, President Joe Biden …
Biden says U.S. Steel must stay domestically owned, a major blow to Nippon Steel Read More »
(Reuters) -Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website. “Prices will increase by $1,000 for all Model Y trims on April 1,” Tesla said on its website. The company on March 1 had also raised …
Tesla to raise US prices for Model Y vehicles by $1,000 on April 1 Read More »
