By Liz Hampton and Ron Bousso (Reuters) -U.S. energy executives are set to meet privately with top OPEC officials on Monday for at least the fifth year at a Houston conference, people familiar with the matter said, as the former rivals have become joint beneficiaries of enormous global demand for their oil and gas. The…
By John McCrank NEW YORK (Reuters) -The New York Stock Exchange teamed up with retail broker Charles Schwab Corp and market maker Citadel Securities on Monday to ask the U.S. Securities and Exchange Commission to withdraw two recently proposed rules aimed at revamping how stocks trade. The move represents a coordinated industry push back against…
(Reuters) – Trading in new near-dated U.S. options contracts can supercharge volatility in U.S. stocks, potentially leading to tremendous intraday declines, analysts at JPMorgan said. The U.S. equity options market has seen a rise in the trading of options contracts set to expire at the end of the trading day – dubbed 0DTE (zero day…
By Diane Bartz and David Shepardson WASHINGTON (Reuters) -JetBlue Airways Corp said on Monday it believes there is a “high likelihood” the U.S. Justice Department will file an antitrust lawsuit this week to block its $3.8 billion takeover of low-cost rival Spirit Airlines Inc. JetBlue said in a statement that it accounted for the possibility…
By David Shepardson WASHINGTON (Reuters) -A group of 45 state attorneys general in the United States on Monday demanded Chinese-owned social media app TikTok produce subpoenaed materials sought in an ongoing nationwide consumer protection investigation. The states are seeking to review internal TikTok communications to determine whether the company engaged in deceptive conduct that harmed…
(Reuters) -Microsoft Corp on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products. Big tech companies from Alphabet Inc to Baidu Inc are speeding up the integration of generative AI – technology that has…
By Giuseppe Fonte ROME (Reuters) – Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high inflation, Economy Minister Giancarlo Giorgetti said on Monday, offering a less grim outlook for the right-wing government. However, he did warn that European Central Bank rate rises would pose “serious problems”…
WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in January, pulled down by a plunge in civilian aircraft bookings, but increases in machinery and a range of other products suggested that manufacturing could be regaining its footing. The report from the Commerce Department on Monday also showed shipments of manufactured goods rebounding after two-straight monthly…
By Niket Nishant (Reuters) – A U.S. consumer watchdog’s proposal to slash late fees on credit cards is facing a rough road ahead as lenders gear up for what could turn out to be a fierce battle with the agency, industry experts and analysts said. Last month, the Consumer Financial Protection Bureau said it was…
HOUSTON (Reuters) – The global natural gas market has been more fundamentally changed for the long term by Russia’s invasion of Ukraine than the oil market, Chief Executive Mike Wirth on Monday said on Monday. The conflict in Ukraine and ensuing Western sanctions upended global oil and gas markets and disrupted supplies from Russia. Europe…
