By Nate Raymond BOSTON (Reuters) -A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against online brokerage Robinhood by declaring the state’s new fiduciary duty rule that underlies parts of the case invalid. Suffolk County Superior Court Judge Michael Ricciuti in Boston ruled https://tmsnrt.rs/3JXkqV5 in a lawsuit Robinhood…
BILLINGS, Mont. (AP) — U.S. officials on Wednesday announced approval of a conservation group’s proposal to expand bison grazing on prairies in north-central Montana as part of a vast nature reserve over objections from some ranchers and elected officials. The decision allows the American Prairie group to graze bison on U.S. Bureau of Land Management…
LONDON (Reuters) – Australian businesses have committed to investing 28.5 billion pounds ($37.5 billion) in sectors such as infrastructure and clean energy in Britain, the British government said following a UK-Australia investment roundtable. British Prime Minister Boris Johnson and International Trade Secretary Anne-Marie Trevelyan met with 10 Australian chief executives and senior executives on Wednesday…
Federal health officials are dropping the warning they have attached to cruising since the beginning of the pandemic, leaving it up to vacationers to decide whether they feel safe getting on a ship. Cruise-ship operators welcomed Wednesday’s announcement, which came as many people thought about summer vacation plans. An industry trade group said the move…
By Karen Brettell (Reuters) – The closely watched two-year/10-year part of the U.S. Treasury yield curve briefly inverted on Tuesday, which in the past has indicated that a recession could start in one to two years. Other parts of the yield curve, however, including one of the Federal Reserve’s favorite recession indicators – the gap…
BOSTON (Reuters) – A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against the online brokerage Robinhood by declaring the state’s new fiduciary rule which underlies the case invalid. Suffolk County Superior Court Judge Michael Ricciuti in Boston concluded that Massachusetts Secretary of State Bill Galvin’s lacked the…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the Dow and S&P 500 snapping four-session winning streaks, on waning signs of progress for peace talks between Ukraine and Russia against a backdrop of a hawkish Federal Reserve curbing economic growth. Russian forces bombarded the outskirts of Kyiv and a besieged…
By Paresh Dave and Jeffrey Dastin OAKLAND, Calif. (Reuters) – Microsoft Corp President Brad Smith wrote to Ukraine’s leader this month with a clear message: despite Kyiv’s calls for it to sever all ties with Russia, the U.S. software behemoth would continue doing business in the country with non-sanctioned clients, including schools and hospitals. “Depriving…
By John McCrank NEW YORK (Reuters) – The dollar dropped to a nearly two-week low on Wednesday as optimism over peace talks between Russia and Ukraine faded and investors’ attention shifted to economic data and interest rate expectations. The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.57%…
By Jiraporn Kuhakan and Chayut Setboonsarng BANGKOK (Reuters) – Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars. Thailand, along with most other countries in Southeast Asia, has been…
