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Wall Street stocks close slightly lower; jobs data strong but rates still high

Financial Wealth DailyJune 8, 2024January 28, 20250

By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S….

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Former Allianz employee pleads guilty to fraud over $7 billion funds meltdown

Financial Wealth DailyJune 7, 2024January 28, 20250

By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) – A former Allianz fund manager pleaded guilty on Friday over…

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Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay

Financial Wealth DailyJune 7, 2024January 28, 20250

By Tom Hals WILMINGTON, Delaware (Reuters) – The legal team that voided Elon Musk’s record Tesla pay package deserves a…

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U.S. trade panel votes to proceed with solar panel tariff probe

Financial Wealth DailyJune 7, 2024January 28, 20250

(Reuters) – The U.S. International Trade Commission (ITC) voted on Friday to proceed with an investigation into whether solar panels…

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World stocks at record high after cautious ECB rate cut

Financial Wealth DailyJune 6, 2024January 28, 20250

By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) -World stocks hit an all-time high and the euro rose…

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NBA nears rights deal worth $76 billion with NBC, ESPN and Amazon, WSJ reports

Financial Wealth DailyJune 5, 2024January 28, 20250

(Reuters) -The National Basketball Association is closing in on media rights deals with Comcast-owned NBC, Disney’s ESPN, and Amazon.com that…

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Boeing’s Starliner spacecraft sends first astronaut crew to orbit

Financial Wealth DailyJune 5, 2024January 28, 20250

By Joey Roulette CAPE CANAVERAL, Florida (Reuters) -Boeing’s new Starliner capsule flew its first crew of astronauts to space on…

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These early Tesla bulls are giving up on the stock

Financial Wealth DailyJune 4, 2024January 28, 20250

By David Randall NEW YORK (Reuters) – Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s…

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NYSE glitch sparks volatility in dozens of stocks

Financial Wealth DailyJune 3, 2024January 28, 20250

By Arasu Kannagi Basil and SinĂ©ad Carew (Reuters) -A glitch at the New York Stock Exchange triggered massive swings in…

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Hedge funds ditch shares as bullish bets hurt performance, says Morgan Stanley

Financial Wealth DailyJune 3, 2024January 28, 20250

By Carolina Mandl NEW YORK (Reuters) – Global hedge funds dumped equities last week, in a painful week for their…

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