By Idrees Ali WASHINGTON (Reuters) – The U.S. Navy on Monday became the third branch of the military to no longer have a Senate-confirmed leader for the first time in history, as a Republican senator continues to block military nominations. Retiring Chief of Naval Operations Admiral Mike Gilday gave up command on Monday. The Navy,…
By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 and the Nasdaq closed higher on Monday as shares of chipmaker Nvidia surged following a bullish note from Morgan Stanley, leading gains in other megacap growth stocks. Nvidia jumped 7.1%, its biggest single-day increase since May 25, when its 24% surge on…
By Humeyra Pamuk and Simon Lewis WASHINGTON (Reuters) – A U.S. permanent resident detained in Iran since 2016 has begun a hunger strike in protest of his exclusion from last week’s deal between Washington and Tehran that could eventually result in the release of five Americans jailed in Iran, his son said on Monday. Shahab…
By Priyamvada C (Reuters) -U.S. Steel shares extended their rally on Monday after privately held firm Esmark made a $7.80 billion all-cash offer for the company, topping a rejected bid from Cleveland-Cliffs. The offer from Esmark valued each share of U.S. Steel at $35, which represents a premium of 54% to the stock’s $22.72 close…
By Alexandra Valencia QUITO (Reuters) – A local organizer in Ecuador’s Esmeraldas province for the political movement founded by ex-President Rafael Correa, was assassinated on Monday, party leaders said, less than a week after a presidential candidate was murdered. Ecuadoreans go to the polls on Sunday to vote in early presidential elections after out-going President…
By Andrea Shalal LAS VEGAS (Reuters) -Treasury Secretary Janet Yellen made a robust pitch in the swing state of Nevada on Monday that President Joe Biden’s policies are powering historic job growth and rebuilding competitiveness, despite polls showing Americans remain skeptical. Speaking at a union hall just off the famous Las Vegas strip, Yellen underscored…
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Michael Burry, the money manager made famous in the book and film “The Big Short,” held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Burry’s Scion Asset Management…
By Nate Raymond and Jonathan Stempel BOSTON (Reuters) -A U.S. appeals court on Monday upheld the conviction of a former senior executive at the private equity firm TPG Capital for participating in a vast U.S. college admissions fraud scheme by paying $50,000 to rig his son’s college entrance exam results. The 1st U.S. Circuit Court…
(Reuters) – The U.S. Food and Drug Administration (FDA) on Monday classified the recall of Philips’ respiratory machines as its most serious type, as their use could cause serious injuries or death. The Dutch medical devices maker started the process on March 29 and has recalled 73,000 devices in the United Sates. The ventilators being…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Contract drugmaker Catalent, which is being pushed to make changes to its board by Elliott Investment Management, had at least two other activist investors in its stock at the end of the second quarter, according to new regulatory filings. Keith Meister’s Corvex Management and Scott Ferguson’s Sachem Head…
