(Reuters) – The U.S. District Court for the Southern District of New York ordered the co-founders of cryptocurrency platform BitMEX to pay a combined $30 million fine in connection with a 2020 complaint from the Commodity Futures Trading Commission. The CFTC alleged that Arthur Hayes, Benjamin Delo and Samuel Reed were illegally operating BitMEX in…
By Conor Humphries and Tim Hepher DUBLIN (Reuters) -The head of the world’s second-largest aircraft leasing company said on Thursday Boeing had “lost its way” and might need new leadership to fix a flawed culture that overshadowed its revival. The comments by Avolon Chief Executive Domhnal Slattery represented a rare public rebuke of Boeing by…
(Reuters) -Air Lease Corp on Thursday reported a quarterly loss after the aircraft lessor recorded a previously announced $802.4 million charge on the value of jets stranded in sanctions-hit Russia. Global aircraft leasing companies have been scrambling to repossess more than 400 jets worth almost $10 billion from Russian airlines, which have mostly been unresponsive…
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden met on Thursday with a labor leader organizing Amazon.com Inc workers and with other worker organizers hours after U.S. Senate Budget Committee Chairman Bernie Sanders slammed the online retailer at a hearing on the company’s labor practices. Christian Smalls, who heads the Amazon Labor…
WASHINGTON (Reuters) – Amazon.com Inc union organizer Christian Smalls met with President Joe Biden during his visit to the White House on Thursday, a White House official said. Smalls was also expected to meet with Vice President Kamala Harris and Labor Secretary Marty Walsh during his visit, the official said. (Reporting by Nandita Bose in…
WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009. The increases came in the week preceding the widely anticipated action by the Federal Reserve, announced Wednesday, to intensify its fight against the worst inflation in 40 years by raising its…
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against a basket of currencies on Thursday as a sharp stocks selloff boosted demand for the safe-haven currency and as the Federal Reserve was seen as tightening monetary policy more than peers. Stocks tumbled on Thursday as investors fretted the Fed might…
Boeing Co. said Thursday it will move its headquarters from Chicago to the Washington, D.C., area, where company executives would be closer to key federal government officials. The company said it will use its campus in Arlington, Virginia, as its new headquarters, and it plans to develop a research and technology hub in the area….
(Reuters) – Goldman Sachs Group Inc is reviewing its policies for abortion benefits, according to a person familiar with the bank’s thinking, as companies rush to offer support to their U.S. employees if the country’s top court overturns abortion rights. JPMorgan Chase & Co is also discussing extending abortion benefits for employees to cover travel,…
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Thursday he would forgo a pay rise for a third year in a row after he urged people in Britain to show wage restraint in the face of fast-rising inflation. Bailey said he had turned down a 1.5% pay rise in an interview with…
