By Luc Cohen NEW YORK (Reuters) – A U.S. judge on Thursday is set to weigh tighter restrictions on Sam Bankman-Fried’s internet use, after prosecutors said the indicted FTX cryptocurrency exchange founder may be trying to hide some of his online activity. Federal prosecutors in Manhattan on Wednesday urged U.S. District Judge Lewis Kaplan to…
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that new proposed rules aimed at better preparing open-end funds to weather distressed market conditions would harm investors saving for retirement. A November proposal from the SEC would require mutual funds, and some exchange-traded funds, to…
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that new proposed rules aimed at better preparing open-end funds to weather distressed market conditions would harm investors saving for retirement. A November proposal from the SEC would require mutual funds, and some exchange-traded funds, to…
(Reuters) – Manufacturing activity in the Mid-Atlantic region dropped off sharply and unexpectedly in February, and goods producers reported input cost increases accelerated for the first time in 10 months while their own price increases slowed dramatically, signaling margin pressures were building. The Philadelphia Federal Reserve’s monthly manufacturing index plunged to -24.3 this month from…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy’s resilience despite tighter monetary policy. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 194,000 for the week ended Feb. 11, the Labor Department said on Thursday. Economists polled…
(Reuters) -Paramount Global Inc fell short of Wall Street estimates for quarterly revenue on Thursday, as a broader slump in the advertising market hit the CBS network owner even as its streaming service added millions of subscribers. Shares in the media company fell about 8% before the bell. The stock has gained about 45% since…
(Reuters) -Hasbro Inc forecast annual profit below Wall Street estimates on Thursday, slammed by a sharp decline in demand as more customers cut back spending on its toys and games amid rising prices. Elevated freight and supply chain expenses have also crimped profits for the maker of Transformers toys and NERF blasters even though it…
MOSCOW (Reuters) – A Russian government commission has approved the sale of Swedish furniture maker IKEA’s factories in Russia to two local buyers, paving the way for a deal to be struck, a government official was quoted as saying on Thursday. Western companies announced plans to leave Russia after it sent tens of thousands of…
By Gilles Guillaume and Ingrid Melander BOULOGNE-BILLANCOURT, France (Reuters) – French carmaker Renault announced a dividend for the first time in four years, flagging improving margins and earnings as well as a full order book as its ongoing revamp starts to bear fruit. Though the company swung back to a loss with the hit from…
By Dominique Vidalon PARIS (Reuters) -Pernod Ricard on Thursday said it expected robust annual sales growth as the French spirits group plans more price hikes in China and the United States to offset high costs of energy, glass and packaging. Pernod, which owns Martell cognac, Mumm champagne and Absolut vodka, posted forecast-beating first-half profit and…
