By Carolina Mandl NEW YORK (Reuters) – A highly awaited inflation report and elevated bond yields offer the latest test to a U.S. stock rally that has delivered hefty gains this year. The benchmark S&P 500 index is up 16.6% year to date, fueled by an improving economic outlook, excitement over developments in artificial intelligence…
By Jody Godoy (Reuters) – The U.S. Securities and Exchange Commission fined electric vehicle company Canoo Inc $1.5 million on Friday for what the regulator alleges were reporting failures related to hundreds of millions of dollars of unreasonable revenue projections. The SEC said Canoo, former CEO Ulrich Kranz and Paul Balciunas, its former chief financial…
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds increased their bets that stocks will fall in a week when bonds yields rose after the United States’ credit rating was downgraded, a Goldman Sachs report on Friday showed. Hedge funds added 4.6 short positions to each long position from July 7 to Aug. 3….
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Friday proposed new procedures to improve the safety of Hawaii tourist sightseeing flights by plane and helicopter after a series of fatal crashes including one in 2019 that killed seven people in bad weather. The FAA proposed a new process for air tour operators…
By Karen Braun HOFFMAN ESTATES, Illinois (Reuters) – U.S. gymnast Simone Biles will return to the competition floor in suburban Chicago on Saturday, two years after the “twisties” forced her to withdraw from team finals at the Tokyo Olympics. Biles, a seven-time Olympic and 25-time world medallist, showed off routines on all four apparatus in…
By Rachel Nostrant NEW YORK (Reuters) – A New York State Supreme Court judge on Friday ordered the city of New York to spell out what it needs from the state to solve its migrant housing crisis, ratcheting up pressure on authorities struggling to respond as thousands of migrants seek refuge in the city. The…
By Jonathan Stempel NEW YORK (Reuters) -A divided federal appeals court on Friday rejected a challenge to a Connecticut law that ended the state’s decades-old religious exemptions from immunization requirements for children in schools, colleges and day care. The 2nd U.S. Circuit Court of Appeals in Manhattan said ending religious exemptions, while still allowing medical…
By David Shepardson and Diane Bartz WASHINGTON (Reuters) -A U.S. judge hearing the Justice Department’s antitrust lawsuit accusing Google of unlawfully maintaining monopolies in the internet search market let stand key claims made by the federal government. Google, a unit of Alphabet, had asked for summary judgment on all the government’s claims in the case….
CARACAS (Reuters) – Venezuela’s gold reserves fell by eight metric tons in the year’s first half, central bank data showed on Friday, continuing a years-long reduction in the reserves amid a prolonged economic crisis. The drop in the first six months of 2023 brought the central bank’s total reserves to 61 tons, down from 69…
(Reuters) – Ukrainian military officials said on Friday that Kyiv was persistently working to retake land near the shattered eastern city of Bakhmut while Russian forces were pouring in additional troops in a bid to stop Kyiv’s advances. “The Russians are throwing huge numbers of forces into the Bakhmut area,” Ukraine’s Deputy Defence Minister Hanna…
