Musk’s X accuses advertisers of illegal boycott in new lawsuit
By Mike Scarcella (Reuters) – Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several…
August 2024
Citigroup whistleblower denied share of $400 million penalty
By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Tuesday said a Citigroup vice president was not…
Sleepy utilities sector shines as haven from US stock turbulence
By Lewis Krauskopf NEW YORK (Reuters) – Shares of utilities companies are presenting investors with a rare bright spot in…
U.S. regulators fine Piper Sandler $16 million for record-keeping failures
(Reuters) – Piper Sandler has agreed to pay a total of $16 million as a civil penalty to U.S. regulators…
US bond yield drop suggests lower mortgage rates may be coming
By Makailah Gause NEW YORK (Reuters) – The financial market upheaval of the last several days may soon offer a…
Lucid gets up to $1.5 billion in funding from Saudi shareholder
(Reuters) -Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion…
Nvidia’s AI chip demand to face limited impact from potential production delay, analysts say
(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as…
Investors’ comments on global stocks rout
(Reuters) -Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading…
Factbox-Wall Street sees bigger 2024 Fed easing after soft jobs report
(Reuters) – A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into…
Coinbase expects US to be crypto-friendly irrespective of election outcome
By Niket Nishant and Manya Saini (Reuters) – The next U.S. administration will be “constructive” on crypto regardless of which…