By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 posted a second straight record high close on Monday as tech stocks added to recent gains and investors awaited upcoming corporate reports for clues on this year’s profit outlook. Friday’s finish confirmed that the S&P 500 has been in a bull market since it closed…
By Chris Prentice and Hannah Lang WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Monday defended its authority to oversee certain cryptocurrency assets in court, as Binance urged a federal judge to dismiss the regulator’s case against the world’s largest crypto exchange. Monday’s hearing over Binance’s request marked the second closely-watched courtroom battle…
By Noel Randewich (Reuters) – Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump’s social media platform public, soared to their highest in 19 months on Monday after Florida Governor Ron DeSantis ended his 2024 presidential bid. The stock jumped 55% to $41, its highest since June…
(Reuters) -SolarEdge Technologies said on Sunday it would lay off about 16% of its global workforce in an attempt to reduce operating costs. The job cuts, which would affect roughly 900 employees, came after SolarEdge discontinued manufacturing in Mexico, reduced capacity in China, and terminated light commercial vehicle e-mobility activity. Costs related to these actions…
