By Max A. Cherney SAN FRANCISCO (Reuters) – For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have…
Month: August 2024
Traders spurn zero-day options in this week’s market tumble
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors avoided trendy short-dated equity options and looked to longer-tenor contracts for protection during a meltdown in U.S. stock earlier this week, exposing the…
Nike sees gold rush with summer Olympics driven website visits, sales
By Ananya Mariam Rajesh (Reuters) – The summer Olympics is turning out to be a rare win for Nike as the global sporting event has helped boost demand for the sportswear giant’s…
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 major companies, including Mars and CVS Health, accusing them of unlawfully conspiring…
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 entitled to a share of a $400 million civil fine that the…
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 to resolve investigations into its record-keeping practices, the investment banking firm said…
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 the U.S. stock selloff, as turbulent markets prompt a shift away from…
Wall Street plunges as US recession fears jolt global markets
By Shubham Batra and Shashwat Chauhan (Reuters) – Wall Street’s main indexes slumped on Monday as fears of the United States tipping into recession following weak economic data last week rippled through…
USAA to pay $62.4 million to resolve military fee lawsuit
By Jonathan Stempel (Reuters) – USAA, the financial services company serving military personnel and their families, will pay $62.4 million to resolve a lawsuit claiming it overcharged service members and veterans on…
Oil climbs more than $1 into positive territory
By Erwin Seba HOUSTON (Reuters) -Oil climbed more than $1 on Monday, returning to positive territory in volatile trade as markets were roiled by stock market sell-offs on fears of a U.S….