By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge’s permission to seek creditor approval for its bankruptcy plan, advancing a proposal to exit Chapter 11 as a new entity owned by its creditors. Judge Martin Glenn signed off on Celsius’s disclosure statement and solicitation materials at …
Crypto lender Celsius sends bankruptcy plan to creditor vote Read More »
By Jonathan Stempel (Reuters) – Kellogg and its Kashi unit have defeated appeals seeking to revive two proposed class actions accusing them of deceiving consumers about the protein content of their products. In a 3-0 decision on Monday, the 9th U.S. Circuit Court of Appeals in San Francisco agreed with a lower court judge that …
Kellogg, Kashi defeat appeals over products’ protein content Read More »
By Andrea Shalal LAS VEGAS (Reuters) – Treasury Secretary Janet Yellen on Monday argued that the Biden administration’s economic policies have been successful and are driving a boom in private-sector investment in the United States and powering historic job growth. Yellen underscored the importance of the climate-focused Inflation Reduction Act, which marks its anniversary on …
Yellen says US economy on ‘right track,’ Bidenomics is driving investment, job growth Read More »
(Reuters) – Berkshire Hathaway on Monday disclosed new investments in three homebuilders: DR Horton, Lennar and NVR. The disclosures were made in a regulatory filing detailing Berkshire’s U.S.-listed stocks as of June 30. Berkshire said it owned about 5.97 million DR Horton shares worth about $726.4 million. It also disclosed holdings of about 153,000 Lennar …
By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 and the Nasdaq closed higher on Monday as shares of chipmaker Nvidia surged following a bullish note from Morgan Stanley, leading gains in other megacap growth stocks. Nvidia jumped 7.1%, its biggest single-day increase since May 25, when its 24% surge on …
S&P 500, Nasdaq end up as Nvidia surge leads megacap higher Read More »
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates ranging from convicted sex trafficker Ghislaine Maxwell to Honduras’ former president have complained of subpar conditions. U.S. District Judge Lewis Kaplan in Manhattan ruled on Friday that Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, …
Bankman-Fried heads to Brooklyn jail notorious for poor conditions Read More »
By David Randall NEW YORK (Reuters) – Basswood Capital, Adage Capital Partners and Paul Tudor Jones’ Tudor Investment Corp were among the hedge funds that took new positions in real estate investment trusts that specialize in New York City office space last quarter, despite questions over how long work-from-home policies will weigh on the market, …
Tudor, Adage Capital among hedge funds making bets on NYC office space Read More »
The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday. President Vladimir Putin’s economic advisor said Russia was interested in a strong rouble and that loose monetary policy was the main reason behind the currency’s weakness. It has lost around 30% versus …
Instant view: Russia’s rouble weakens past 100 per US dollar Read More »
(Reuters) -United States Steel said on Sunday it is initiating a formal review to evaluate strategic alternatives for the steel producer after receiving multiple unsolicited bids for part or all of its business. The review was begun after the steel producer received “multiple unsolicited proposals that ranged from the acquisition of certain production assets to …
US Steel to explore strategic alternatives after unsolicited bids Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Stock investors have been satisfied by middling U.S. corporate results so far this year but they might not be so easy to please for the rest of 2023. As the second-quarter earnings season winds down, S&P 500 results are presenting a mixed picture, with companies beating analysts’ profit expectations …
Sluggish US earnings may need pick-me-up to support 2023 stock rally Read More »
