By Pete Schroeder and Nivedita Balu WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk’s disclosure of his stake in Twitter Inc in early April, according to a letter the agency sent to him that month. In the letter, now made public by the SEC, the …
U.S. SEC looking into Musk’s Twitter stake purchase Read More »
WASHINGTON (Reuters) – The U.S. Federal Reserve is carrying $330 billion in unrealized losses on its holdings of U.S. Treasury and mortgage-backed securities as of the end of March, according to newly released financial statements showing the impact of rising interest rates on the market value of the Fed’s balance sheet. The central bank’s holdings …
(Reuters) – Speculators cut their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar was $17.65 billion in the week ended May 24, compared with a net long of $19.75 billion the previous …
By Daniel Wiessner (Reuters) – Subsidiaries of meat processor JBS USA LLC have agreed to implement infectious disease preparedness plans at seven U.S. plants, in the wake of a U.S. congressional report finding that the industry largely failed to prevent the spread of COVID-19 among workers. The agreement was announced on Friday by the U.S. …
JBS U.S. units to adopt pandemic response plans after COVID outbreaks Read More »
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has reached a settlement with a Florida firm it said raised at least $410 million by fraudulently promising investors access to private companies that could conduct initial public offerings. In a court filing on Thursday, the SEC said it had reached a “resolution in principle” …
SEC settles with Florida firm over $410 million IPO-linked fraud Read More »
By Florence Tan and Joyce Lee DAEGU, South Korea (Reuters) -Energy security has become a top priority for importers as forecasts of tighter gas supplies and volatile prices in the next few years are keeping buyers on edge and impeding the push towards decarbonisation, energy executives said. Europe is importing record volumes of liquefied natural …
High gas prices, energy security fears impede decarbonisation push Read More »
A look at the day ahead in markets from Sujata Rao. So what if oil prices are up 50% this year? The long Memorial Day weekend will see some 39 million Americans hitting the road and driving at least 50 miles, up 8.3% from a year-ago, the American Automobile Association predicts. Fuel consumption during this …
(Reuters) – Dell Technologies Inc beat revenue expectations for the ninth straight quarter on Thursday after enterprises invested heavily in its desktops and notebooks to support hybrid work. The PC maker’s shares jumped 7% after the bell as it also trumped expectations for quarterly profit with a 62% jump and said revenue growth was powered …
Dell results surpass estimates on strong PC demand; shares jump Read More »
(Reuters) – Costco Wholesale Corp beat Wall Street estimates for quarterly revenue and profit on Thursday, boosted by strong consumer spending on its fresh food, home furnishings and fuel offerings amid surging inflation. However, shares of the warehouse club operator fell about 2% in extended trading as the company’s gross margins dropped by 99 basis …
Costco beats estimates for quarterly results on strong consumer spending Read More »
By Dan Burns DAVOS, Switzerland (Reuters) – Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenue, Finance Minister Zainab Ahmed told Reuters on Thursday. Ahmed added in an interview at the World Economic Forum in Davos that she hoped Nigerian oil production …
Nigeria finance minister: low oil output barely enough to cover petrol imports Read More »
