By Ross Kerber BOSTON (Reuters) – Tesla Inc investor Ross Gerber said on Friday he will end his run for the electric carmaker’s board of directors, citing changes investors can expect to see next week. Gerber said in a telephone interview that he decided to withdraw after Martin Viecha, Tesla’s investor relations chief, told him…
WASHINGTON (Reuters) -The U.S. government said on Friday it was formally ending its effort to stop Facebook parent Meta Platforms Inc from buying virtual reality (VR) content maker Within Unlimited. The Federal Trade Commission (FTC), which lost a fight in court to block the acquisition, said in a filing that it has decided to formally…
(Reuters) -Goldman Sachs Group Inc is expecting to incur $2.3 billion more in potential losses from legal proceedings than the reserves it had set aside for such matters last year, a regulatory filing by the investment bank showed on Friday. That was in line with what the bank had estimated at the end of its…
By Michael S. Derby and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) -Expectations that the Federal Reserve will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed a key inflation gauge accelerated last month. Even so, Fed policymakers speaking Friday did not push for a…
WASHINGTON (Reuters) -The World Bank on Friday announced $2.5 billion in additional grant financing from the U.S. Agency for International Development (USAID )to support Ukraine’s budget and maintain essential services. The latest financing under the World Bank’s Public Expenditures for Administrative Capacity Endurance in Ukraine(PEACE) project lifts the total to $20.6 billion and will support…
WASHINGTON (Reuters) – The World Bank on Friday announced $2.5 billion in additional grant financing for Ukraine to support the country’s budget and to maintain essential services amid the Russian invasion. “The funds, provided by the United States Agency for International Development (USAID), will be transmitted to the government of Ukraine after appropriate verification of…
By Milana Vinn (Reuters) – Cvent Holding Corp, a U.S. software provider that facilitates in-person and virtual meetings, has rejected a $3.9 billion acquisition offer from buyout firm Blackstone Inc, people familiar with the matter said on Friday. Blackstone is taking a break from the negotiations after Cvent rejected its $8-per-share offer as too low,…
By Howard Schneider NEW YORK (Reuters) -The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks’ past…
WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped to a 10-year high in January as prices declined, but a resurgence in mortgage rates could slow a much anticipated housing market turnaround. New home sales increased 7.2% to a seasonally adjusted annual rate of 670,000 units last month, the highest level since March 2022,…
(Reuters) – U.S. equity funds suffered massive outflows in the seven days to Feb. 22, hit by worries over higher interest rates as strong economic data pointed to the U.S. Federal Reserve sticking to its tighter monetary policy for some time more. Refinitiv Lipper data showed investors withdrew a net $6.88 billion out of U.S….
