By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency…
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Platforms. The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or…
By Michael S. Derby NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Tuesday it is too soon to say whether the U.S. central bank is done raising interest rates, arguing that if more action is needed policymakers won’t hold back. “We haven’t said we are done raising rates” and Fed…
By Foo Yun Chee BRUSSELS (Reuters) – Amazon, Alphabet’s Google, Microsoft and other non-European Union cloud service providers looking to secure an EU cybersecurity label to handle sensitive data can only do so via a joint venture with an EU-based company, according to an EU draft document seen by Reuters. U.S. tech giants and others…
By Jonathan Stempel (Reuters) – Here is a timeline of writer E. Jean Carroll’s lawsuit against Donald Trump that culminated on Tuesday with jurors finding that he sexually abused and defamed her and awarding her $5 million in damages. June 2019 – E. Jean Carroll publishes an excerpt from her memoir, “What Do We Need…
By Jack Queen (Reuters) -Here are six notable moments from Donald Trump’s civil trial which ended on Tuesday with a jury finding that he sexually abused and defamed magazine writer E. Jean Carroll and awarding her $5 million in damages. – U.S. District Judge Lewis Kaplan took the unusual step of keeping jurors anonymous from…
(Reuters) – Australia’s Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar with the matter. The financial conglomerate acquired full control of the general cargo stevedoring operations in 2019 from Tokyo-based shipping and logistics firm…
By Jonathan Stempel (Reuters) – A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc liable for approving the payments company’s purchase of Jay-Z’s streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did…
NEW YORK (Reuters) – Cboe Global Markets on Tuesday filed a proposal with the U.S. Securities and Exchange Commission to list and trade shares of a spot bitcoin ETF by stock-picker Cathie Wood’s Ark Invest and crypto investment product firm 21 on the Cboe BZX exchange. It is the third time that Cboe has sought…
By Mike Scarcella (Reuters) – A U.S. magistrate judge said food retailer Winn-Dixie Stores Inc should be punished for failing to follow court orders in its U.S. lawsuit accusing coffee maker Keurig Green Mountain Inc of abusing its power in the single-serve brewer market. U.S. Magistrate Judge Sarah Cave in Manhattan said in a 34-page…
