By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week’s monetary policy meeting. The yen, meanwhile, fell across the board, after the Bank of Japan…
By Jonathan Stempel (Reuters) – The U.S. Securities and Exchange Commission has fined Seattle-based Coinme and related defendants nearly $4 million for conducting an unregistered and misleading offering of a crypto asset called UpToken. Friday’s settlement resolves claims that Coinme’s Up Global unit and Neil Bergquist, who led both entities, misled investors in a late…
By Scott DiSavino NEW YORK (Reuters) -Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings and U.S. data showed crude output was declining while fuel demand was growing. On its last day as the front-month, Brent futures for June delivery rose $1.17, or 1.5%, to settle at $79.54 a barrel,…
By Sabrina Valle HOUSTON (Reuters) -Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil production. Net profit climbed 5% from a year ago to $6.57 billion or $3.46 per share. Results beat consensus…
By Karen Freifeld (Reuters) – Michael Cohen on Monday asked a U.S. appeals court to revive his lawsuit against Donald Trump and other government officials, seeking damages for sending him back to prison in retaliation for publishing a tell-all memoir criticizing the former U.S. president. Lawyers for Cohen said in a filing with the 2nd…
By Daniel Trotta (Reuters) – Montana statehouse Republicans on Wednesday silenced Democratic transgender legislator Zooey Zephyr from floor debates for breaking decorum after she said lawmakers who backed a ban on gender-affirming healthcare for minors would have “blood on your hands.” Under the motion that passed with a vote of 68-32, Zephyr will be allowed…
WASHINGTON (Reuters) – U.S. labor costs increased solidly in the first quarter as strong wage gains persisted amid a tight labor market, suggesting inflation could remain elevated for a while. The Employment Cost Index, the broadest measure of labor costs, rose 1.2% last quarter after increasing 1.1% in the October-December period, the Labor Department said…
By Paul Sandle LONDON (Reuters) – Britain’s Competition and Markets Authority (CMA) on Wednesday blocked Microsoft’s $69 billion acquisition of ‘Call of Duty’ maker Activision Blizzard over concerns it would hinder cloud gaming. The ruling was a shock after the regulator had already resolved its concerns about the consoles market, a sector dominated by Sony’s…
(Reuters) – The Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on Friday on what went wrong and where their supervisors came up short in the run-up to the two biggest bank failures since the Great Financial Crisis. Below are key details from the government’s post-mortems, which underscore management failings at Silicon Valley…
By Noel Randewich (Reuters) -Shares of both Pinterest Inc and Snap Inc tumbled about 18% on Friday after the two social media companies’ quarterly reports spooked investors worried about weak digital ad spending. Their disappointing reports late on Thursday stood in contrast to strong results earlier this week from digital advertising heavyweights Alphabet Inc and…
