By Jody Godoy SAN FRANCISCO (Reuters) -A jury of nine people in San Francisco was chosen on Tuesday to hear a case brought by Tesla Inc shareholders over CEO Elon Musk’s 2018 tweets that he had secured funding to take the electric care maker private. None of the jury members expressed strong views about the …
Jury seated in Tesla shareholder case over Musk’s 2018 tweets Read More »
By Lananh Nguyen and Noor Zainab Hussain DAVOS, Switzerland (Reuters) -U.S. consumers are still in “pretty good shape,” even as the Federal Reserve raises interest rates to tame inflation, Bank of America Chief Executive Brian Moynihan told Reuters during the World Economic Forum’s (WEF) annual meeting. “The consumers are spending, their wages are growing and …
Davos 2023: U.S. consumers in ‘good shape’ as wages grow -BofA CEO Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar weakened against the Japanese yen on Tuesday amid expectations of a possible policy shift at the Bank of Japan, while stocks on Wall Street mostly fell following disappointing quarterly results from Goldman Sachs. Japan’s decades of ultra-low interest rates may reach a turning point on Wednesday, …
WASHINGTON (Reuters) -Ukraine’s allies must intensify their military support to Kyiv to help them break a hardening of the front lines and avoid a devastating, prolonged, World War One-style battle of attrition, Britain’s foreign minister said on Tuesday. “We have started to see a slowing — an ossification — of the line of contact,” James …
Ukraine’s allies must intensify support to break ‘ossification’ of front line – Britain Read More »
By Daniel Trotta (Reuters) – The parade of atmospheric rivers that pounded California for three weeks finally faded on Monday, enabling the state to begin lengthy repairs to roads and levees as the White House announced President Joe Biden planned to survey the damage. The nine consecutive rainstorms that inundated California in succession since Dec. …
California rainstorm death toll reaches 20, Biden plans visit Read More »
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting …
By Andrew MacAskill and Paul Sandle LONDON (Reuters) – Tech bosses could be jailed in Britain if their platforms fail to protect children from online harm after the government agreed to toughen a proposed law to avoid the prospect of a first parliamentary defeat for the prime minister. Rishi Sunak faced losing a vote in …
Tech bosses could face jail after UK govt backs down over online harm Read More »
(Reuters) – Russia’s federal anti-monopoly service (FAS) fined Apple about $17.4 million, the regulator said on Tuesday, over what it said was the U.S. company’s abuse of its dominant market position. In a statement, the regulator said it had previously found that Apple forced Russian developers to use Apple’s payment services with the iOS App …
Russian anti-monopoly agency fines Apple $17 million – TASS Read More »
By Jayshree Pyasi MUMBAI (Reuters) – India’s capital market regulator has proposed discontinuing the current practice of an advance transfer of funds to stockbrokers before secondary market trades are executed. Such a move will prevent misuse of client funds, brokers’ defaults and the consequent risk to investors’ capital, the regulator said in a discussion paper …
India’s market regulator proposes separating brokers from investors’ money Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations of a possible policy shift at the Bank of Japan (BOJ) that could end its so-called “yield curve control” and be a precursor to adopting a tighter monetary stance. The expectations have …
U.S. dollar falters vs major currencies as sterling gains; yen in spotlight Read More »
