By Jonathan Stempel and Dietrich Knauth NEW YORK (Reuters) -New York Attorney General Letitia James on Friday expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants, tripling the size of their alleged fraud scheme to more than $3 billion. James had in October sued DCG, its Genesis Global Capital unit, and Gemini Trust, …
NY attorney general expands crypto lawsuit, sees $3 billion fraud Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – With results in from about two-thirds of companies, fourth-quarter 2023 S&P 500 earnings growth is now seen at 9.0%, almost double a Jan. 1 forecast for 4.7% growth, according to LSEG data on Friday. About 81% of reports are beating analysts’ expectations, compared with an average of 76% …
S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG Read More »
By Chris Prentice and Doina Chiacu NEW YORK/WASHINGTON (Reuters) -A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle U.S. Securities and Exchange Commission charges of record-keeping failures, the regulator said on Friday. The settlements with broker-dealers and investment advisers, including Oppenheimer & Co. Inc …
US SEC hits more Wall Street firms with fines over record-keeping Read More »
By David Shepardson WASHINGTON (Reuters) -The White House on Friday touted the U.S. government’s plan to spend $11 billion on semiconductor-related research and development and said it was launching the $5 billion National Semiconductor Technology Center. Congress in August 2022 approved the landmark Chips and Science Act. The law provides that $52.7 billion, including $39 …
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By Lucia Mutikani WASHINGTON (Reuters) – U.S. monthly consumer prices rose less than initially thought in December, but the overall inflation revisions were mixed, and did not shift expectations on the timing of an anticipated interest rate cut from the Federal Reserve this year. The annual revisions published by the Labor Department on Friday also …
Mixed US consumer price revisions leave slowing inflation trend intact Read More »
By Timour Azhari BAGHDAD (Reuters) – The Central Bank of Iraq (CBI) has revoked the operating licence of Iran’s largest bank, Bank Melli Iran, citing international sanctions and the bank’s limited operations in Iraq, a CBI document verified by two CBI officials shows. Bank Melli Iran did not immediately respond on Thursday to a Reuters …
Iraq’s central bank revokes Iran’s Bank Melli operating licence Read More »
(Reuters) -Two top U.S. markets regulators on Thursday jointly approved new reporting requirements for private funds and investment advisers, saying this would boost the government’s ability to spot the build-up of risk in the $20 trillion private investment sector. The Securities and Exchange Commission and the Commodity Futures Trading Commission also said they had agreed …
US SEC, CFTC jointly approve new private fund reporting rules Read More »
By Anirban Sen (Reuters) – Digital World Acquisition Corp, the blank-check acquisition company that has agreed to take former U.S. President Donald Trump’s social media platform public, is nearing a $50 million financing deal, people familiar with the matter said on Thursday. The deal, which could be announced in the next few days, is based …
Exclusive-Trump’s media deal partner nears $50 million financing -sources Read More »
(Reuters) – Pinterest forecast first-quarter revenue largely below Wall Street estimates on Thursday, a sign that it faces tough competition from larger social media players even as the digital advertising market stabilizes. Shares of the San Francisco, California-based company fell more than 11% in extended trading. Pinterest faces competition from the likes of TikTok and …
Pinterest shares slump after forecasts misses estimates Read More »
(Reuters) – Expedia on Thursday named Ariane Gorin as its chief executive officer. (Reporting by Nathan Gomes in Bengaluru; Editing by Anil D’Silva)
