By Kanishka Singh WASHINGTON (Reuters) -The former head of Wells Fargo & Co’s retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the SEC said on Tuesday. Carrie Tolstedt was charged in 2020 for…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand companies will start to benefit from the country’s new free trade agreement (FTA) with the United Kingdom with the pact now in force, the government said on Wednesday. “The benefits which begin flowing from the FTA today, provide a further big boost to our economy,” said New…
NEW YORK (Reuters) – A mammoth run in shares of Nvidia Corp has vaulted the chipmaker into a rarified club: U.S. companies that have reached $1 trillion in market value. Nvidia’s market cap ended at about $990.7 billion on Tuesday, according to Reuters data, after hitting $1 trillion during the session. Only seven U.S. companies…
By Sinéad Carew and Noel Randewich NEW YORK/SAN FRANCISCO (Reuters) -Even after Nvidia Corp’s blistering rally in recent days, the chip developer’s valuation has actually fallen, at least by one measure widely used by analysts and investors. The chip developer has risen more than 31% in the last three sessions including a 3%…
By David Shepardson WASHINGTON (Reuters) -U.S. holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of the busy U.S. summer air travel season, figures from the U.S. Transportation Security Administration (TSA) showed on Tuesday. The TSA said nearly 9.8 million passengers were screened or passed though…
By David Shepardson WASHINGTON (Reuters) -U.S. holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of the busy U.S. summer air travel season, figures from the U.S. Transportation Security Administration (TSA) showed on Tuesday. The TSA said nearly 9.8 million passengers were screened or passed though…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian market focus on Wednesday turns to Chinese purchasing managers index figures, which will give the first insight into factory and service sector activity in the world’s second largest economy in May. Japanese retail sales, South Korean retail…
By Daphne Psaledakis and Arshad Mohammed WASHINGTON (Reuters) – Neither Russia nor Ukraine committed to respect five principles laid out by International Atomic Energy Agency (IAEA) chief Rafael Grossi on Tuesday to try to safeguard Ukraine’s Russian-occupied Zaporizhzhia nuclear power plant. Grossi, who spoke at the U.N. Security Council, has tried for months to craft…
KAMPALA (Reuters) -Uganda on Tuesday condemned the Western response to the East African country’s new anti-LGBTQ law, considered one of the harshest in the world, and said sanctions threats from donors amounted to “blackmail”. The law signed by President Yoweri Museveni carries the death penalty for “aggravated homosexuality”, an offence that includes transmitting HIV through…
(Reuters) -Here are the main events leading to the impeachment of Texas Attorney General Ken Paxton by the state House of Representatives, which is controlled by his fellow Republicans. A state Senate committee will draft rules for his trial, which is not yet scheduled but will begin on or before Aug. 28. January 2015 –…
