(Reuters) – The FBI carried out a search on Thursday morning at the Potomac, Md., home of former FTX executive Ryan Salame, the New York Times reported, citing two people with knowledge of the matter said. The FBI, Salame and his attorney did not immediately respond to Reuters requests for comment. Days before FTX filed…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday and Treasury yields resumed their climb as strong earnings helped investors look past signs of economic weakness. All three major U.S. stock indexes surged in a broad rally, with megacap tech and tech-related companies boosting the Nasdaq to its biggest one-day…
BERLIN (Reuters) – German media group ProSiebenSat.1 said on Thursday it was replacing its chief financial officer and proposing slashing this year’s dividend as it announced a nearly 20% drop in operating profit in 2022 to 678 million euros ($747.56 million). The board will propose to the annual general meeting (AGM) a dividend of 0.05…
By Katharine Jackson WASHINGTON (Reuters) – The U.S. Senate on Thursday fell short of the votes needed to enshrine equal rights for women in the Constitution, a century after a guarantee of gender equality was proposed in Congress. With a 51-47 vote in favor, Senate Democrats and supporters were nine votes shy of the 60…
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -Coinbase Global has reiterated its view to the U.S. Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday. Coinbase CEO Brian Armstrong and Chief Legal Officer…
(Reuters) – U.S. Senator Joe Manchin on Wednesday threw his support behind a legislative effort to repeal President Joe Biden’s suspension of tariffs on solar panel imports from four Southeast Asian nations that are the industry’s primary suppliers. He is the first Democrat to co-sponsor a resolution introduced by Senator Rick Scott, a Republican, in…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -JPMorgan Chase & Co CEO Jamie Dimon sent a clear message to employees this month: get back to the office. It touched a nerve among his staff. The largest U.S. lender’s employees inundated an internal messaging forum with criticism after its operating committee posted an edict…
By David Shepardson WASHINGTON (Reuters) -The U.S. Senate voted 50-49 to overturn Environmental Protection Agency (EPA) rules that aim to drastically cut smog- and soot-forming emissions from heavy-duty trucks but the White House said President Joe Biden would veto the measure. The bill, which was backed by Republicans and Democratic Senator Joe Manchin, seeks to…
SAN FRANCISCO (Reuters) – Proxy advisory firm Glass Lewis recommended Tesla Inc shareholders vote against board nominee JB Straubel at the electric carmaker’s annual meeting next month, raising concerns regarding his independence. Straubel is a co-founder of Tesla and served as its chief technology officer from May 2005 to July 2019. “The unwinding of conflicting…
By P.J. Huffstutter CHICAGO (Reuters) – All barge traffic will be halted across a wide swath of the Upper Mississippi River for weeks, the U.S. Department of Agriculture said Thursday, as record winter snowfall in the upper Midwest is now melting and flooding into waterways. The closures will force grain and fertilizer shippers to find…
