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(Reuters) -Sportswear retailer Nike is laying off some of its employees in its technology division, a company representative told Reuters on Monday. Nike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announced last week. The representative did not specify how many employees were …

Nike cuts some jobs in technology division Read More »

SAN FRANCISCO (Reuters) -Alphabet’s self-driving unit Waymo said on Monday it received approval from California to expand its robotaxi operations in more areas of the San Francisco Peninsula and further south, including San Jose. Waymo’s permission from California comes as Tesla gears up to roll out a paid robotaxi service in Austin, Texas, next month. …

Alphabet’s Waymo gets California nod for robotaxi expansion in San Francisco Bay Area Read More »

By Georgina McCartney HOUSTON (Reuters) -U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream …

US oil producer Continental Resources claims Hess defrauded it out of $69 million Read More »

By Jonathan Stempel (Reuters) – A federal judge on Monday rejected Vanguard Group’s $40 million settlement with investors who claimed the mutual fund giant stuck them with inflated tax bills in its popular target-date funds. U.S. District Judge John Murphy in Philadelphia said the proposed class action settlement announced in November “provides no value” to …

US judge rejects Vanguard $40 million mutual fund settlement, cites SEC accord Read More »

By Niket Nishant (Reuters) -JPMorgan Chase’s top brass will take center stage at its investor day on Monday, with tariffs and a succession plan once again in focus. Investors will be watching closely for signals on CEO Jamie Dimon’s succession, as a slew of executives position themselves to take the helm at the Wall Street …

Factbox-JPMorgan executives take center stage with succession, tariffs in focus Read More »

By Nupur Anand and Niket Nishant NEW YORK (Reuters) -JPMorgan Chase shares slid after the bank told investors its investment banking fees would decline this quarter and CEO Jamie Dimon said his succession plans were unchanged. Investment banking fees in the second quarter could fall by a mid-teens percentage versus the previous year as economic …

JPMorgan expects dealmaking fees to drop, keeps CEO succession plans steady Read More »

By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government’s perfect sovereign credit rating owing to its huge debt profile. Moody’s slashed the U.S. sovereign credit rating to “Aa1” from “Aaa” after markets closed on Friday, citing the government’s …

Wall Street stocks finish flat with sentiment weakened by Moody’s downgrade Read More »

(Note: Language in paragraphs 5 and 15 that readers may find offensive) BOSTON (Reuters) – In May last year, Jonathan Lopez invested about $1 million worth of cryptocurrency in Dough Finance, a small trading platform that made it easy to make risky bets using borrowed funds. Initially, the 31-year-old investor and motivational speaker from Miami …

How Trump’s crypto business partners left their old clients in the lurch Read More »