(Reuters) – Former U.S. President Donald Trump faces more than 30 counts related to business fraud in an indictment by a Manhattan grand jury investigating hush money payments to a porn star, CNN reported on Thursday, citing sources and without providing further details. (Reporting by Costas Pitas in Los Angeles; Editing by Eric Beech)
By Katherine Masters NEW YORK (Reuters) – Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain. In a shareholder proposal released Thursday, London-based Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments. The group,…
By Saqib Iqbal Ahmed (Reuters) -A nearly $15 billion JP Morgan fund is expected to reset its options positions on Friday, potentially adding to equity volatility at the end of a strong quarter for U.S. stocks. Analysts have in the past pointed to the JPMorgan Hedged Equity Fund’s quarterly reset roiling markets, and see it…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose on Thursday as technology-related shares extended their recent strong run, while regional U.S. bank shares fell as the Biden administration proposed stronger measures to help reduce risk. The S&P 500 technology index was up 1.1% and gave the S&P 500 its biggest boost, while the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets go into the final trading day of the quarter in a buoyant mood, ready to face Friday’s barrowload of regional economic data with a sense of optimism and resilience that would barely have been believable a…
By Mike Scarcella (Reuters) – A U.S. court has sanctioned Google LLC for a second time in recent days, after a judge in a decision unsealed on Wednesday said the Alphabet Inc unit took too long to comply with a ruling last year in a data-privacy class action. The order from U.S. Magistrate Judge Susan…
WASHINGTON (Reuters) – A bipartisan group of U.S. senators introduced a bill on Thursday aimed at cutting Google and Facebook’s clout in online advertising, an early sign that lawmakers will press on with efforts to rein in Big Tech in the new congress. The bill targets Alphabet’s Google and Meta’s Facebook, as well as Amazon.com…
By Jonathan Stempel NEW YORK (Reuters) – Societe Generale SA and BNP Paribas SA on Thursday won the dismissal of a lawsuit in New York accusing them of trafficking in assets that Fidel Castro’s government seized in 1960 from the former owners of a Cuban bank. The case had sought damages estimated at several hundred…
By Hannah Lang (Reuters) -Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against Iran, Syria and Sudan, federal authorities said on Thursday. The Federal Reserve and the Treasury Department’s Office of Foreign Assets Control (OFAC) said the bank’s…
WASHINGTON (Reuters) – Federal Reserve Bank of Boston leader Susan Collins said on Thursday that she does not see the market’s current case for central bank rate cuts this year. Boosting rates further and keeping them there through the rest of the year is the monetary policy stance that is likely needed to get inflation…
