By Suzanne McGee and Hannah Lang (Reuters) – Investment management firms, stock exchanges and the U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said. …
By David French (Reuters) -U.S. stock indexes endured a topsy-turvy session on Friday but ultimately closed marginally higher, although the small gains did not stop the S&P 500 and Nasdaq Composite from starting 2024 with their worst weekly showing in months. All three benchmarks recorded their first weekly declines for ten weeks: the S&P 500 dropped …
Wall Street posts small Friday win, but first weekly decline in ten Read More »
WASHINGTON (Reuters) – Two groups representing auto dealers said on Friday they had filed a legal challenge to the Federal Trade Commission’s new sweeping consumer protection regulations finalized last month. The FTC said the new rules effective July 30 will ban bait-and-switch advertising tactics, prohibit charging for add-on costs that do not benefit consumers and …
Auto dealers challenge new US FTC car-buyer consumer protection rules Read More »
By Howard Schneider LINTHICUM, Md. (Reuters) -Continued strong U.S. job growth and a low unemployment rate shows the Federal Reserve is not yet at the point where its efforts to control inflation risk a direct tradeoff with the central bank’s other goal of maintaining maximum employment, Richmond Fed President Thomas Barkin said on Friday. “Getting …
Fed’s Barkin: Strong US jobs report keeps focus on inflation fight Read More »
(Reuters) -Southwestern Energy and Chesapeake Energy are close to a merger that would create a roughly $17-billion company that would rank as one of the largest U.S. natural-gas producers, the Wall Street Journal reported on Friday. The deal could come together as soon as next week, the report said, citing people familiar with the matter, …
Southwestern and Chesapeake Energy near $17-billion merger – WSJ Read More »
By Matt Tracy (Reuters) – U.S. corporate bond market issuance is projected to slow next week from a hectic start to the year after economic data sent mixed signals on Friday but tempered expectations of an interest rate cut in March. The first week of 2024 saw nearly $59 billion in high-grade bond issuance, beating …
US corporate bond issuance to slow after strong start to 2024 Read More »
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo will testify on Thursday before the Senate Energy Committee on electric vehicle tax incentives, the committee said Friday. The hearing will examine government EV incentives including the federal government’s role in fostering reliable electric vehicle supply chains, the committee said. Senator Joe Manchin, a Democrat who …
Deputy Treasury secretary to testify at Senate EV incentive hearing Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. environmental regulatory agency will hold a hearing next week on whether to approve California’s plan to require all new vehicles sold in the state by 2035 to be electric or plug-in electric hybrids. The California Air Resources Board (CARB) in August 2022 approved the landmark plan to end …
US EPA reviewing California 2035 electric vehicle sales mandate plan Read More »
(Reuters) – U.S. defense contractor General Dynamics said on Friday it had appointed insider Kim Kuryea as its chief financial officer, effective Feb. 15. Kuryea, currently senior vice president of human resources and administration, will succeed Jason Aiken. “Kim is a seasoned finance executive with over 20 years of varied financial experience with the company …
By Davide Barbuscia NEW YORK (Reuters) – A potential ending to the Federal Reserve’s balance sheet reduction measures this year bolsters the case for Treasuries to extend their 2023 rally, investors said, though many believe factors such as fiscal concerns could counterbalance gains. Minutes from the Fed’s Dec. 12-13 policy meeting, released earlier this week, …
An end to quantitative tightening could support bonds, though timing is tricky Read More »
