By Jody Godoy (Reuters) – A former Goldman Sachs banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential mergers to a friend. At the trial that began in Manhattan on June 12, prosecutors said Brijesh Goel, a former Goldman Sachs vice president, tipped…
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets from Alden Bentley, Breaking News Editor for Finance & Markets, Americas. The week’s main attraction, Fed Chair Jerome Powell’s testimony before the U.S. House Financial Services Committee, came and went without rearranging the pieces on the table much. The Japanese yen…
(Reuters) – KB Home on Wednesday posted a 3% rise in its quarterly revenue, helped by strong demand amid tight supply of homes. Shares of the U.S. homebuilder rose about 1% in after-market trade. Demand for new homes in the United States remains strong, aided by a persistent shortage of preowned houses on the market…
(Reuters) – U.S. President Joe Biden’s son Hunter Biden will make an initial appearance in federal court in Delaware on July 26 to face misdemeanor tax and gun-related charges, a court filing showed on Wednesday. The Justice Department said on Tuesday that Hunter Biden, 53, has agreed to plead guilty to two misdemeanor charges of…
By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the globe could lower biofuels blending and increase oil demand. Brent futures rose $1.22, or 1.6%, to settle at $77.12 a barrel, while the U.S….
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian has acquired Swedish EV route planning app maker Iternio to add its technology to its electric pickups and sport utility vehicles, as well use its data to better expand its own charging network, its CEO told Reuters on Wednesday. Rivian CEO RJ Scaringe did…
By David Morgan WASHINGTON (Reuters) -At least two hardline Republicans plan to try to force the U.S. House to vote on whether to impeach Democratic President Joe Biden and members of his administration, over the objections of Speaker Kevin McCarthy, who fears that such moves risk undermining congressional investigations. The Republican-controlled House of Representatives is…
By Daniel Wiessner (Reuters) – Twitter Inc is facing a lawsuit claiming it failed to pay workers millions of dollars in promised bonuses, adding to a pile of court cases filed since Elon Musk acquired the social media company. Mark Schobinger, who was Twitter’s senior director of compensation and left the company last month, filed…
(Reuters) – U.S. defense contractor Lockheed Martin said on Wednesday it was continuing to work with the government on capability and performance upgrades for its F-35 jets. Lockheed, which expects the jet to remain in service until 2070, said it would upgrade the engine to help deliver more power and greater cooling capability. “We stand…
By David Shepardson WASHINGTON (Reuters) – The pilot of a light private plane that caused a security scare on June 4 when it flew over restricted airspace near Washington before crashing, killing all aboard, did not respond to air traffic control minutes into the flight, investigators said on Wednesday. The National Transportation Safety Board (NTSB)…
