New York City's pension funds and state of Oregon sue Fox Corporation over 2020 election lies
New York City's pension funds and the state of Oregon took legal action on Tuesday against Fox Corporation, alleging in a lawsuit that the Fox News parent company failed shareholders by allowing the right-wing channel to recklessly spread lies about the 2020 election that opened it up to a pair of historic defamation cases.
2023-09-13 06:50
Citgo valued at $32 billion-$40 billion ahead of auction of shares -court hearing
By Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company
2023-09-13 06:25
BP CEO resigns after probe reveals undisclosed relationships with colleagues
BP CEO Bernard Looney has resigned after admitting that he had not been "fully transparent" about "historical relationships with colleagues," according to a statement from the oil giant on Tuesday.
2023-09-13 03:51
US banks say regulators broke law as fight over proposed capital rules escalates
By Pete Schroeder WASHINGTON (Reuters) -U.S. bank groups on Tuesday accused the Federal Reserve and other regulators of violating federal
2023-09-13 03:49
YieldStreet to pay US penalty over investor disclosure failures
NEW YORK Investment platform YieldStreet and a subsidiary have agreed to pay more than $1.9 million to settle
2023-09-13 03:19
Poverty rate jumps in 2022 after end of enhanced child tax credit
The share of Americans, particularly children, in poverty rose significantly last year, in part because Congress did not renew a Covid-19 pandemic enhancement to the child tax credit, according to Census Bureau data released Tuesday.
2023-09-12 22:49
Israel central bank says digital shekel launch an 'open question'
By Steven Scheer JERUSALEM Israel's central bank is pushing forward with plans to issue a digital shekel, citing
2023-09-12 21:47
Former U.S. SEC chair calls for company China risk disclosures
By Carolina Mandl NEW YORK Big U.S. public companies should start disclosing their exposure to China as part
2023-09-12 20:57
This week's US inflation data is very important. Here's why
Markets hate uncertainty, and there's a lot of it this fall: The United Auto Workers union may strike on Friday, the federal government is heading toward another potential shutdown in October, geopolitical tensions with China remain heightened and oil prices could stay elevated through December. There's also the looming question about whether the Federal Reserve will hike interest rates again.
2023-09-12 20:55
How 500 votes made Shawn Fain one of America's most important people
Shawn Fain is one of the most important people in the US economy today. A year ago, almost no one knew who he was.
2023-09-12 19:21
Incoming BoE official Breeden seeks 'balance' in rate decisions
LONDON Incoming Bank of England deputy governor Sarah Breeden said she would seek a balanced approach to judging
2023-09-12 18:19
China says its economy is 'resilient', rejects Western concerns
BEIJING China's economy is resilient and has not collapsed, the Chinese foreign ministry said on Tuesday, rejecting claims
2023-09-12 17:25