By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow…
Month: June 2024
US VP announces $1.5 billion for aid for Ukraine at peace summit in Switzerland
By Steve Holland LUCERNE, Switzerland (Reuters) – U.S. Vice President Kamala Harris announced more than $1.5 billion in aid in part for Ukraine’s energy sector and its humanitarian situation as a result…
Musk wins pay approval but still faces Tesla’s floundering stock and rich valuation
By Noel Randewich (Reuters) – Tesla shareholders approved CEO Elon Musk’s $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car maker’s stock remains…
Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy
(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a hearing focusing on U.S. prices for…
New York recovers $50 million for defrauded Gemini Earn crypto investors
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded…
Global equity funds faced huge outflows on caution ahead of Fed meet
(Reuters) – Global equity funds suffered sharp outflows in the seven days to June 12 as investors cautiously took out money ahead of a key U.S. inflation report and Federal Reserve policy…
US home sales crumble in May on higher rates and record prices, says Redfin
(Reuters) – U.S. home sales in May fell to among the lowest levels in the past decade, real estate brokerage Redfin said in a report, as both demand and supply remained sluggish…
Target’s renewed private-label push fails to stem market share drop
By Siddharth Cavale NEW YORK (Reuters) – “Target is my backup option,” said Chloe Guss, a shopper at the retail chain for nearly 20 years whose reservations about some of its products…
Employer coverage for weight-loss drugs rises sharply, survey finds
By Amina Niasse NEW YORK (Reuters) – About one-third of U.S. employer health plans are offering coverage of GLP-1 drugs for both diabetes management and weight loss, up from last year, according…
US job market resembling pre-pandemic environment, Yellen says
(Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said the U.S. employment picture increasingly resembles the job market that existed prior to the COVID-19 pandemic, and slowing wage growth is not…