(Reuters) – The U.S. Securities and Exchange Commission added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China’s JD.com, Pinduoduo Inc, Bilibili Inc, and NetEase Inc. The SEC on Wednesday expanded the list, consisting of U.S.-listed Chinese entities, on a provisional lineup under a 2020 law known…
By Tom Westbrook SINGAPORE (Reuters) – The dollar was nursing its sharpest fall in more than a month on Thursday after the U.S. Federal Reserve raised its benchmark interest rate by 50 basis points but poured cold water on the idea that even larger rises could lie ahead. The U.S dollar index toppled from a…
By Sheila Dang (Reuters) – Twitter Inc is facing a skeptical audience as it showcases its advertising opportunities on Wednesday evening at an event in New York City, three ad agency executives told Reuters, as the social media company’s plans under billionaire Elon Musk remain unclear. The Tesla chief executive, who is buying Twitter for…
(In first paragraph, corrects time period of record to nearly two years from nearly one year) By Echo Wang and Devik Jain (Reuters) -U.S. stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly two years. Stocks…
NEW YORK (Reuters) – The former chief risk officer of Archegos Capital Management has partially settled U.S. Securities and Exchange Commission claims he aided a fraud at Bill Hwang’s private investment firm that left Wall Street banks with $10 billion in losses, a Wednesday court filing shows. Scott Becker, who is cooperating with U.S. prosecutors…
(Reuters) – Billionaire Carl Icahn is in talks with Southwest Gas Holdings Inc to reach a truce that could see the activist investor take as many as four seats on the board, Bloomberg News reported on Wednesday, citing people familiar with the matter. Talks are ongoing and the deal could still fall apart ahead of…
(Reuters) – Berkshire Hathaway Inc shareholders voted by an almost 9-to-1 margin to keep Warren Buffett as both chairman and chief executive, and his company regained compliance with New York Stock Exchange listing standards by reestablishing a majority of independent directors on its board. In a Wednesday regulatory filing, Berkshire said holders of 448,868 Class…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said Wednesday it will boost air traffic control staff in Florida after bad weather and space launches have often snarled flights in recent months. The FAA met with about a dozen airlines, general aviation representatives and associations on Tuesday “to find solutions to meet…
By Herbert Lash NEW YORK (Reuters) – U.S. stocks rallied and Treasury yields fell on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance sheet in June in a decision seen as less hawkish than some feared. The U.S. central bank…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank’s chief made a direct appeal to Americans struggling with high inflation to hang tough while officials take the hard measures…
