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By Megan Davies and Chris Prentice NEW YORK/WASHINGTON (Reuters) – U.S. prosecutors are exploring whether they can use a federal law originally enacted to take down the mafia, in a sprawling probe of hedge funds and research firms that bet against stocks, according to two sources familiar with the situation. The Justice Department last year …

U.S. prosecutors explore racketeering charges in short-seller probe -sources Read More »

(Reuters) – Employees at many Apple Inc stores in the United States are working to unionize, the Washington Post reported on Friday, citing people familiar with the efforts. The move comes against the backdrop of unionization efforts gaining momentum at large U.S. corporations, including Amazon.com Inc and Starbucks Corp. The report said employee groups at …

U.S. Apple store workers working to unionize – Washington Post Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Eurodollar futures, which reflect the outlook for U.S. interest rates over the next few years, have started to price in an incremental easing of monetary policy by the Federal Reserve in 2024. If that plays out, it would be just two years after what is expected to be the …

Eurodollar futures market betting hawkish Fed could ease rates, slightly, in 2024 Read More »

By Sheila Dang (Reuters) – Technology that merges the virtual and physical worlds could start to become a reality for consumers in a few years, Facebook owner Meta Platforms Inc has told advertising agencies, giving more details of its vision for the creation of the metaverse. Mixed reality (MR) technology could allow a person wearing …

Meta tells advertisers mixed reality could be a few years away Read More »

(Reuters) -The Federal Reserve adopted a new set of investing and trading restrictions for its senior officials on Friday, barring a wider range of activities than was proposed last fall in the wake of an ethics scandal that shook confidence in the U.S. central bank’s integrity. They are meant “to ensure public confidence in the …

Federal Reserve adopts strict trading rules after ethics scandal Read More »

By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is fast becoming a prized commodity in the island nation – side mirrors for Suzuki’s compact Wagon R. The scramble for the humble product highlights …

Shortage of Suzuki car mirrors reflects Sri Lanka’s growing economic crisis Read More »

(Reuters) – Cineworld has reached an agreement to delay final payments to disgruntled former shareholders of its U.S. division Regal, the theatre chain said on Friday, as the debt-laden British company seeks to maximise available cash. The London-listed firm said in September it would pay $170 million to shareholders disappointed with the $23 per share …

Cineworld gets extension on payments to former Regal shareholders Read More »

A look at the day ahead in markets from Saikat Chatterjee Markets breathed a sigh of relief after the U.S. Secretary of State Antony Blinken agreed to a meeting with Russia’s Foreign Minister Sergei Lavrov, raising hopes of a diplomatic solution to the standoff over Ukraine. U.S. stock index futures gained half a percent, U.S. …

Marketmind: A break in the storm clouds Read More »

(Reuters) – Intel Corp said on Thursday it has pushed back the launch of standalone graphics chips for desktops to the second quarter, while those for laptops will be rolled out in the first quarter as originally planned. The announcement comes against the backdrop of an ongoing chip shortage and global supply chain issues, with …

Intel delays launch of standalone desktop graphics chips to Q2 Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold as geopolitical tensions between Washington and Russia over Ukraine flared. After Ukrainian forces and pro-Moscow rebels …

Stocks slide as heightened Ukraine tensions weigh Read More »