By Joey Roulette WASHINGTON (Reuters) – NASA wants Elon Musk’s SpaceX to ensure its plan to launch its next-generation Starship rocket from Florida would not put at risk nearby launch infrastructure critical to the International Space Station, a senior space agency official told Reuters. The new hurdle further complicates and could potentially delay the launch…
NEW YORK (Reuters) – The benchmark S&P 500 was down more than 20% from its Jan. 3 record closing high on Monday, as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession. A close of more than 20% below the record high would confirm…
By Davide Barbuscia and David Randall NEW YORK (Reuters) – A closely watched part of the U.S. Treasury yield curve inverted on Monday for the first time since April following hotter-than-anticipated inflation data last week. As the U.S. Federal Reserve attempts to bring inflation down from 40-year highs, banks have ramped up projections of interest…
By Katanga Johnson WASHINGTON (Reuters) -Charles Schwab Corp will pay $187 million to settle U.S. Securities and Exchange Commission (SEC) charges accusing three investment adviser subsidiaries of failing to disclose less profitable fund allocations and misleading robo-adviser clients, the agency said on Monday. The SEC, the federal agency that regulates Wall Street, called Schwab’s conduct…
By Luc Cohen NEW YORK (Reuters) – Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin’s collapse in value last month. Stablecoins are digital tokens pegged to the value of traditional assets, such…
By Lewis Krauskopf NEW YORK (Reuters) – The stock market’s brutal year neared a grim milestone as the S&P 500’s slide on Monday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth. The benchmark…
MILAN (Reuters) -Italy’s biggest phone group Telecom Italia has secured works worth 725 million euros ($755.67 million) in a government tender for the deployment of 5G networks, the ministry for technological innovation and digital transition said on Monday. Earlier this year the EU Commission approved a 2 billion-euro Italian scheme to support the roll out…
By Foo Yun Chee BRUSSELS (Reuters) -Google parent Alphabet has offered to let rival ad intermediaries place ads on YouTube to address a crucial part of an EU antitrust investigation that could pave the way for it to settle the case without a fine, people familiar with the matter said. The European Commission opened a…
By Yoruk Bahceli (Reuters) – Traders have sharply increased where they see rate hikes by the world’s top central banks ending this cycle as red-hot inflation readings may force policymakers to act more aggressively to quell price pressures. Dubbed the “terminal” rate, asset managers and borrowers have to take those levels into account in planning…
WASHINGTON (Reuters) – The chief executives of General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor North America on Monday urged Congress to lift a cap on the $7,500 electric vehicle tax credit, saying it will “provide much-needed certainty to our customers and domestic workforce,” according to a letter seen by Reuters….
