By David Lawder and Kanishka Singh WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday she was very optimistic about the outlook for the U.S. economy, adding that inflation was coming down in the short term and the labor market was “extremely strong.” “I am very optimistic about the U.S. economic outlook. Short …
US Treasury’s Yellen is ‘very optimistic’ about outlook for US economy Read More »
LONDON (Reuters) -The number of instances of greenwashing by banks and financial services companies around the world rose 70% in the past 12 months from the previous 12 months, a report on Tuesday showed. European financial institutions accounted for most of those instances, and much of the greenwashing involved claims about fossil fuels. Environmental, social …
Banks behind 70% jump in greenwashing incidents in 2023 -report Read More »
By Steve Gorman and Dawn Chmielewski LOS ANGELES (Reuters) – Negotiators for striking Hollywood actors resumed contract talks on Monday with representatives of major studios, television networks and streaming services, marking the first time the two sides have returned to the bargaining table since mid-July. Renewed talks between the SAG-AFTRA actors union and the Alliance …
Striking Hollywood actors resume contract talks with studios, networks Read More »
(Reuters) – WeWork Inc on Monday said it had decided to withhold interest payments of about $95 million related to some of its notes, as it tries to improve its capital structure. The company withheld interest payments of about $37.3 million payable in cash and $57.9 million of payment-in-kind (PIK) notes, each payable on Monday. …
WeWork to withhold interest payment on some notes Read More »
By David Shepardson WASHINGTON (Reuters) -The proposal by U.S. President Joe Biden’s administration to hike fuel economy standards through 2032 would cost General Motors $6.5 billion in fines and Chrysler parent Stellantis $3 billion, according to a letter seen by Reuters. The American Automotive Policy Council, representing GM, Stellantis and Ford Motor, said in a …
GM, Stellantis face $9.5 billion in US fuel economy fines -industry group letter Read More »
By Howard Schneider YORK, Pennsylvania (Reuters) – After helping build a floor under the economy during the pandemic only to put a squeeze on it as inflation soared, Federal Reserve Chair Jerome Powell on Monday faced a public he’d warned would go through painful times as the central bank hiked interest rates. On a day …
Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Bill Ackman’s new investment vehicle, Pershing Square SPARC Holdings Ltd, marks a departure from special purpose acquisition companies (SPACs), which have lost favor on Wall Street as deals soured. Ackman disclosed last week that SPARC received approval from the U.S. Securities and Exchange Commission (SEC) to raise a …
Explainer-How Bill Ackman’s SPARC differs from a SPAC Read More »
(Reuters) – Boaz Weinstein’s coalition has sweetened its offer for hedge fund firm Sculptor Capital Management, the Wall Street Journal reported on Monday, citing people familiar with the matter. Over the weekend, Weinstein’s group presented a bid of around $13 a share, up from its previous $12.76 per share offer, the report said. Wall Street …
Boaz Weinstein raises bid for hedge fund Sculptor to $13/share – WSJ Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended nearly flat on Monday with utilities falling sharply and investors weighing the likelihood the Federal Reserve will need to hold interest rates higher for longer. The Nasdaq rose, and shares of Nvidia gained 2.9% after Goldman Sachs added the chipmaker to its conviction list …
S&P 500 ends near flat; utilities drop, focus on rate outlook Read More »
By Chibuike Oguh and Granth Vanaik NEW YORK (Reuters) – Shares of Kellanova fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone entity called WK Kellogg Co. Under the separation agreement, Kellanova shareholders received one …
Kellanova, WK Kellogg shares slump on first day after spinoff Read More »
