By Chris Prentice and Hannah Lang (Reuters) -The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump, who is expected to sign it into law. The vote marks a watershed moment for the digital asset industry, …
US House passes stablecoin legislation, sending bill to Trump Read More »
(Reuters) -The U.S. Commerce Department said on Thursday it will impose preliminary anti-dumping duties of 93.5% on anode-grade graphite imported from China after concluding that the materials, which are a key component for electric vehicle batteries, are being sold in the U.S. at less than fair market value. A Commerce Department fact sheet seen by …
US Commerce Dept sets 93.5% anti-dumping tariff on Chinese anode graphite Read More »
(Reuters) -Teneo said on Thursday it has acquired the Australia business restructuring services unit of auditing firm PwC, as the management consultancy seeks to expand its financial advisory presence in the region. Under the deal, about 80 members of PwC’s Australia business restructuring services team will join Teneo and will provide wide range of financial …
Teneo acquires PwC’s Australia restructuring unit to expand financial advisory presence Read More »
By Ann Saphir (Reuters) -The spiraling cost of the Federal Reserve’s years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration’s escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out of the central bank because he hasn’t delivered the interest-rate cuts he wants. The …
By Tom Hals WILMINGTON, Delaware (Reuters) -Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy, a lawyer for the shareholders told a Delaware judge on Thursday. The …
(Reuters) -The U.S. House of Representatives passed a bill on Thursday that would develop a regulatory framework for cryptocurrencies and expand the Commodity Futures Trading Commission’s oversight of the industry. The move is a major win for the digital asset industry, which has pushed for federal legislation for years and spent heavily in last year’s …
US House passes crypto industry-backed market structure bill Read More »
(Reuters) -JPMorgan Chase has appointed Mike Lister and Brennan Spry as co-heads of North America corporate banking, according to an internal memo seen by Reuters. The move is aimed at reinforcing the Commercial and Investment Banking (CIB) unit, which has shown considerable strength and is a key driver of growth at the largest U.S. bank. …
JPMorgan appoints new leaders at its North America corporate banking unit, memo says Read More »
By Jessica DiNapoli and Juveria Tabassum (Reuters) -PepsiCo is planning to highlight what will no longer be in its potato or tortilla chips – artificial colors or flavors – when it re-launches its Lay’s and Tostitos brands later this year, executives said on Thursday. The overhaul for the company’s top-selling snack brands comes as U.S. …
PepsiCo to rebrand Lay’s, Tostitos without artificial dyes, flavors Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. auto safety agency is shedding more than 25% of its employees under financial incentive programs to depart the government offered by the Trump administration, according to data provided to Congress seen by Reuters. The National Highway Traffic Safety Administration, part of the Transportation Department, is shrinking from 772 …
US auto safety agency shedding more than 25% of employees Read More »
By David Shepardson WASHINGTON (Reuters) -Automakers face no fines for failures to meet fuel efficiency rules dating back to the 2022 model year under a law signed by President Donald Trump this month, U.S. regulators said. The tax and budget bill approved by Trump ends penalties for not meeting Corporate Average Fuel Economy rules under …
US tells automakers they face no fuel economy penalties for last three years Read More »
