By Jonathan Stempel (Reuters) -A judge has rejected Amazon.com Inc’s bid to dismiss California’s antitrust lawsuit accusing the online retailer of illegally forcing merchants to accept policies that cause consumers to pay artificially high prices. Judge Ethan Schulman in San Francisco Superior Court said California sufficiently alleged that Amazon’s policies “have had the anticompetitive effect…
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) – March’s market turmoil has forced many macro and trend-following hedge funds to cut bait on bad portfolio bets and caused at least one bank that lends to them to scrutinize its clients’ exposure, according to sources and preliminary data reviewed by Reuters….
By Lisa Pauline Mattackal (Reuters) – March recorded the worst U.S. bank failures since the 2008 crisis, but that did not stop some investors from snapping up battered financial stocks to bolster their bets on the sector’s long-term health, fund-flow data showed. Exchange-traded funds tracking U.S. regional banks saw their strongest net inflows in months,…
By Virginia Furness LONDON (Reuters) – A member of a United Nations-backed coalition of insurance firms and pension funds seeking to tackle climate change told Reuters it was considering quitting after disagreements about curbing investment in the oil and gas sector split the group. Danish pension fund AkademikerPension may leave the Net Zero Asset Owner…
By Aditya Soni and Chavi Mehta (Reuters) -Canada on Friday approved Rogers Communications Inc’s C$20 billion ($14.8 billion) buyout of Shaw Communications after securing commitments from them to promote competition in a market with some of the highest wireless bills in the world. The final nod from Minister of Innovation, Science and Industry Francois-Philippe Champagne…
TOKYO (Reuters) – Nissan and Renault are working well together to sign a final agreement about the reshaping of their alliance and are confident that a deal will be reached soon, Nissan said in a statement on Friday. The company was responding to an earlier report by Japanese news agency Jiji which said that the…
(Reuters) – U.S. short seller Hindenburg Research said on Friday Block Inc’s response to its allegations confirmed it had reported inflated user counts on its Cash App to investors for years. The payments firm led by Twitter co-founder Jack Dorsey said on Thursday that 44 million of its more than 51 million monthly active customers…
By Marc Jones LONDON (Reuters) – Share markets cruised to a fifth straight day of gains on Friday and bonds headed for their best month since 2008, as a dip in the Fed’s favoured inflation gauge and a record monthly drop in euro zone inflation figures brought some end-of-quarter cheer. An action-packed Q1 was drawing…
(Reuters) -Shares of companies tied to former U.S. President Donald Trump gained in early trading on Friday, drawing interest from retail investors after the ex-president was indicted in a historic first. Trump, the frontrunner to be Republican nominee in 2024, was indicted by a Manhattan grand jury after an investigation into hush money paid to…
A look at the day ahead in U.S. and global markets from Mike Dolan Global investors seem keen to put the March bank shock behind them, but inflation’s grim persistence makes it difficult to clear the horizon. The final day of the month and first quarter – and the approach of Easter breaks in parts…
