By Douglas Gillison (Reuters) – The top U.S. consumer finance agency on Wednesday asked a court to undo an enforcement case which the watchdog had already won last year, accusing prior agency officials of abusing their power as they sought to enforce diversity, equity and inclusion in lending. Following a case initially brought in 2020 …
US consumer agency seeks to vacate discrimination case it had already won Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday announced 25% tariffs on auto and auto parts after concluding that automotive imports continue to threaten the country’s industrial base and national security. Trump’s proclamation argued that those threats, first identified during an investigation concluded in February 2019 – during …
Trump uses 2019 national security probe to justify tariffs on auto imports Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) – Pat Gelsinger, the former CEO of Intel, on Wednesday joined venture capital firm Playground Global as a general partner and also joined the board of a startup working to improve a key chip manufacturing tool. Founded in 2015, Silicon Valley-based Playground has $1.2 billion in assets under management …
Ex-Intel CEO Gelsinger joins venture capital firm Playground Global Read More »
(Reuters) – Goldman Sachs on Wednesday raised its end-2025 gold price forecast to $3,300 per ounce from $3,100, citing stronger-than-expected ETF inflows and sustained central bank demand. Goldman Sachs also raised its forecast range to $3,250-$3,520 from $3,100-$3,300 earlier, according to its research note. The investment bank expects large Asian central banks to continue their …
Goldman Sachs raises end-2025 gold price forecast to $3,300 per ounce Read More »
SAO PAULO (Reuters) – Brazilian restaurant franchise operator IMC said on Wednesday it has signed a binding agreement to create a joint venture with Kentucky Foods Chile Limitada regarding IMC’s operations of KFC restaurants in Brazil. According to the deal, IMC will sell a 58.3% stake of its KFC operations in Brazil to the Chilean …
IMC sells stake of KFC in Brazil for $35 million, forms joint venture Read More »
By Sabrina Valle NEW YORK (Reuters) -Large deals involving pharmaceutical and biotech companies are stalling as executives grapple with mercurial White House economic policies that have roiled markets and set off a global trade war, according to four top healthcare investment bankers. The excitement late last year over U.S. President Donald Trump’s election victory and …
Analysis-Trump turbulence stalls large pharma and biotech deals, bankers say Read More »
By Daniel Wiessner (Reuters) – A group of federal employees filed a class action complaint with a U.S. labor board on Wednesday claiming they were fired for their involvement in implementing diversity, equity and inclusion policies, in violation of their constitutional rights. The complaint was filed with the federal Merit Systems Protection Board in Washington …
Trump’s firings of federal workers with DEI jobs were illegal, complaint claims Read More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday the United States will effectively charge a 25% tariff on all cars not made in the country. He added: “But if you build your car in the United States there is no tariff.” (Reporting by Andrea Shalal, Nandita Bose and Kanishka Singh in Washington; Editing …
Trump says US will charge 25% tariff on all cars not made in the US Read More »
By Nivedita Balu TORONTO (Reuters) -When Royal Bank of Canada convenes its first investor day in seven years on Thursday, shareholders will focus on growth, as trade tensions worsen with its key U.S. market. The United States accounts for 26% of RBC’s revenue, and CEO Dave McKay has often called it the bank’s second home …
RBC investors weigh growth plans as US trade feud worsens Read More »
By Arsheeya Bajwa (Reuters) – Starboard Value on Wednesday nominated three director candidates, including its chief executive and founder, Jeff Smith, to Autodesk’s 13-member board, rekindling its proxy battle with the engineering and design software maker over margin growth. The hedge fund nominated Geoff Ribar, former CFO of Cadence Design Systems, and Christie Simons, a …
Starboard revives proxy fight with CEO Smith’s nomination to Autodesk board Read More »
