(Reuters) – A federal judge in Idaho on Thursday dismissed the U.S. Federal Trade Commission’s lawsuit against Kochava Inc alleging that the data broker unfairly sold geolocation data but gave the regulator an opportunity to revise its case. In a 35-page ruling, U.S. District Court Judge Lynn Winmill granted a motion the Idaho-based company filed…
(Reuters) -The U.S. Federal Deposit Insurance Corp (FDIC) is mulling whether to offer loss-sharing agreements to private equity firms and other nonbanks that buy parts of failed lenders, after it was left holding a large portfolio of Signature Bank loans following its collapse, Bloomberg News reported on Friday. Since the FDIC does not regulate nonbanks,…
By David Randall NEW YORK (Reuters) – Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on whether the Federal Reserve is succeeding in tamping down inflation without badly hurting growth. Stagflation – a combination of stagnant growth and persistent inflation that dogged the U.S. in the 1970s…
WASHINGTON (Reuters) – The FBI said on Friday it was coordinating with the city of Dallas, Texas, over a ransomware incident that disrupted several public services, closing courts and knocking emergency services websites offline this week. “The FBI is aware of the incident and coordinating with the city of Dallas. As this is ongoing, we…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Friday, with the Dow posting its biggest one-day percentage gain since Jan. 6, as shares of Apple surged more than 4% after upbeat results and U.S. jobs data pointed to a resilient labor market. Adding to the bullish momentum, regional bank shares rebounded from…
(Reuters) -Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data released on Friday by the Federal Reserve showed, while overall credit provided by banks moved up, led by a record level of outstanding loans and leases. Deposits on a nonseasonally adjusted basis fell in the…
By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) – A global gauge of stocks rallied and U.S. Treasuries and gold sold off on Friday as strong U.S. jobs data brightened the economic outlook and traders pared expectations of Federal Reserve easing after a long spate of rate hikes. The non-farms payroll report showed U.S….
(Reuters) – Walmart Inc appointed Latriece Watkins as its U.S. chief merchandising officer, according to a memo seen by Reuters on Friday, days after Charles Redfield stepped down from the role. Watkins, who joined the company 24 years ago, has served in several roles across Walmart U.S. and Sam’s Club. She was most recently the…
(Reuters) – Walmart Inc appointed Latriece Watkins as its U.S. chief merchandising officer, according to a memo seen by Reuters on Friday, days after Charles Redfield stepped down from the role. Watkins, who joined the company 24 years ago, has served in several roles across Walmart U.S. and Sam’s Club. She was most recently the…
By Tilman Blasshofer COLOGNE, Germany (Reuters) – A German artist who is preparing to lay the 100,000th cobblestone commemorating a person who was deported and killed by the Nazis has no intention of giving up making the brass-capped blocks, saying demand is higher than ever. By placing Stolpersteine (“stumble stones”) outside the victims’ last known…
