Reuters US Business

By Milana Vinn (Reuters) -Television broadcaster Nexstar Media Group is in advanced talks to acquire rival Tegna, a person familiar with the matter told Reuters on Friday. Shares of Tegna surged 30% in extended trading following the report, while Nexstar’s shares were largely flat. A deal could be finalized soon, provided talks avoid last-minute obstacles, …

TV broadcaster Nexstar in advanced talks to acquire rival Tegna, source says Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher and the Nasdaq notched a record closing high for the second straight day on Friday as technology-related shares, including Apple, gained and as investors were optimistic about potential interest rate cuts. The three major indexes also registered solid gains for the week. Apple shares …

Nasdaq posts record closing high with tech gains, rate cut optimism Read More »

(Reuters) -The U.S. Justice Department said on Friday that it had filed a proposed settlement to resolve claims against apartment manager Greystar in a case alleging algorithmic collusion and anticompetitive practices in rental markets. If approved, the settlement would require Greystar, among other conditions, to refrain from using any anticompetitive algorithm that generates pricing recommendations …

US proposes settlement with Greystar to end alleged rental price collusion Read More »

(Corrects spelling of Reuters in paragraph 1) By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent is leading a search for a successor to Federal Reserve Chair Jerome Powell, with an expanded list that includes a longtime economic consultant and a past regional Fed president, a source familiar with the process told Reuters on Friday. …

Bessent leads broad search for Fed chair that includes Bullard, Sumerlin Read More »

By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Hedge fund returns climbed in July as many were lifted by rising stock markets that hit record highs, though others were caught in turbulence sparked by U.S. trade uncertainty, according to a Goldman Sachs report and sources familiar with the funds. Hedge fund stockpickers returned almost …

Factbox-How hedge funds performed in turbulent July Read More »