By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, taking advantage of cheap valuations, according to a report seen by Reuters. The collapse of two U.S. regional banks last month triggered wild price fluctuations across fixed income markets, with…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As U.S. stocks test the top of a range that has held for months, two widely used analytical styles appear to be painting conflicting scenarios for where they might go next. Technical indicators such as equity price movement largely show stocks are poised to continue a rally…
By Hyunjoo Jin, Dan Levine and Abhirup Roy LOS ANGELES (Reuters) -A California state court jury on Friday handed Tesla Inc a sweeping win, finding that the car maker’s Autopilot feature did not fail to perform safely in what appears to be the first trial related to a crash involving the partially automated driving software….
By Mike Scarcella (Reuters) – Amazon.com Inc on Thursday defeated a private lawsuit in Seattle federal court that accused the national retailer of a scheme to curb competition for shipping and fulfillment services, causing consumers to pay more for purchases in violation of U.S. antitrust law. U.S. District Judge Ricardo Martinez in his ruling said…
By David Lawder WASHINGTON (Reuters) – The Financial Stability Oversight Council on Friday is voting on a new framework to better identify and respond to stability risks and on revised guidance to make it easier to designate non-bank financial institutions for regulatory supervision, U.S. Treasury Secretary Janet Yellen said on Friday. Yellen said in prepared…
WASHINGTON (Reuters) – Alphabet Inc’s Google asked a court late Thursday to toss out several allegations made by Epic, Match and U.S. state attorneys general about how the search and advertising giant runs its app store for Android phones. Google’s motion is the company’s latest bid to end costly and time-consuming antitrust lawsuits. It has…
LONDON (Reuters) – Former Barclays investor Edward Bramson on Friday questioned how the British bank and its chairman Nigel Higgins vetted its ex-CEO Jes Staley over his earlier business ties to sex trafficker Jeffrey Epstein. Activist investor Bramson said in a letter seen by Reuters that Higgins had told him that he had never asked…
By Aditya Samal (Reuters) -HCA Healthcare Inc on Friday reported better-than-expected results and raised its forecasts for 2023 on improved staffing that has allowed the hospital operator to conduct more surgeries, lifting its shares by over 7% in premarket trade. Last year, a spate of resignations by healthcare staff due to pandemic-related fatigue forced hospitals…
By Amanda Cooper LONDON (Reuters) – The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets that the Federal Reserve will increase rates in May, while a surprising recovery in the euro zone economy in April underpinned the euro. The dollar index, which measures the performance…
By Brendan Pierson (Reuters) – Tobacco giant Altria Group Inc is set to face trial Monday in a lawsuit by San Francisco’s public school district accusing the company of fueling a teen vaping epidemic, along with e-cigarette maker Juul Labs Inc. The San Francisco Unified School District says teachers and staff “have had to go…
