By Katherine Masters NEW YORK (Reuters) – Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain. In a shareholder proposal released Thursday, London-based Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments. The group,…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose on Thursday as technology-related shares extended their recent strong run, while regional U.S. bank shares fell as the Biden administration proposed stronger measures to help reduce risk. The S&P 500 technology index was up 1.1% and gave the S&P 500 its biggest boost, while the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets go into the final trading day of the quarter in a buoyant mood, ready to face Friday’s barrowload of regional economic data with a sense of optimism and resilience that would barely have been believable a…
By Mike Scarcella (Reuters) – A U.S. court has sanctioned Google LLC for a second time in recent days, after a judge in a decision unsealed on Wednesday said the Alphabet Inc unit took too long to comply with a ruling last year in a data-privacy class action. The order from U.S. Magistrate Judge Susan…
WASHINGTON (Reuters) – A bipartisan group of U.S. senators introduced a bill on Thursday aimed at cutting Google and Facebook’s clout in online advertising, an early sign that lawmakers will press on with efforts to rein in Big Tech in the new congress. The bill targets Alphabet’s Google and Meta’s Facebook, as well as Amazon.com…
By Jonathan Stempel NEW YORK (Reuters) – Societe Generale SA and BNP Paribas SA on Thursday won the dismissal of a lawsuit in New York accusing them of trafficking in assets that Fidel Castro’s government seized in 1960 from the former owners of a Cuban bank. The case had sought damages estimated at several hundred…
WASHINGTON (Reuters) – Federal Reserve Bank of Boston leader Susan Collins said on Thursday that she does not see the market’s current case for central bank rate cuts this year. Boosting rates further and keeping them there through the rest of the year is the monetary policy stance that is likely needed to get inflation…
By Howard Schneider RICHMOND, Virginia (Reuters) – Deposit flows in U.S. banks appear “relatively stable,” while inflation remains too high and may well take longer than expected to decline, Richmond Federal Reserve Bank president Thomas Barkin said in comments that kept the policy focus on inflation despite recent stress in the banking industry. “It’s worth…
By Akash Sriram (Reuters) – Elon Musk-led Tesla Inc has missed its solar-roof installation targets by a big margin due to stiff competition from GAF Energy and other rivals, according to industry analysis firm Wood Mackenzie. Tesla’s average installations per week were just 21 in 2022 and its best quarter saw 32 systems installed per…
MOSCOW (Reuters) – Russia’s largest carmaker, Avtovaz, said on Thursday that it was bringing forward an annual three-week company summer holiday by several weeks because of component shortages. Russia’s auto industry has been hit hard by the fallout of Western sanctions and Russia’s military campaign in Ukraine, having previously been reliant on Western investment, parts…
