Stocks News

WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission ordered banking group Goldman Sachs to pay $15 million for violations of swap business conduct standards, the agency said in a statement on Monday.

By Lawrence Delevingne (Reuters) – As First Republic Bank’s share price fell by double-digits in the aftermath of the collapse of Silicon Valley Bank last month, some people close to the San Francisco-based lender were worried short sellers were exacerbating its travails, according to a source

(Reuters) – Tesla Inc has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker’s board.

By Satoshi Sugiyama and Ben Blanchard TOKYO/TAIPEI (Reuters) – Japan has been following China’s military drills around Taiwan consistently and “with great interest”, a top government spokesperson said on Monday, on the last scheduled day for the exercises where Beijing has simulated striking the island.

By Hyunjoo Jin and Mike Scarcella SAN FRANCISCO (Reuters) – A California Tesla owner on Friday sued the electric carmaker in a prospective class action lawsuit accusing it of violating the privacy of customers.

SHANGHAI (Reuters) – Chinese search engine giant Baidu has filed lawsuits against “relevant” app developers and Apple Inc over fake copies of its Ernie bot app available on Apple’s app store.

(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the Federal Reserve’s aggressive interest rate hikes were cooling the economy.

By Helen Coster and Jack Queen (Reuters) – One of the most closely watched U.S. defamation cases in decades is set to begin on Thursday as a Delaware court picks a jury to decide whether Fox News should pay Dominion Voting Systems $1.6 billion for spreading

(Reuters) – Pioneer Natural Resources Co’s shares rose as much as 8.5% on Monday following a report that Exxon Mobil Corp held preliminary talks with the U.S. shale oil producer about a possible acquisition.

MADRID (Reuters) – Core inflation in the euro zone is expected to remain high throughout the remainder of this year, ECB policymaker Pablo Hernandez de Cos said on Monday, leaving the door open for further interest rate hikes.

(Reuters) – Canada’s Teck Resources on Monday doubled down on its push to reject an unsolicited $22.5 billion bid from Glencore Plc citing “fundamental flaws” in the offer and urged shareholders to instead vote for a restructuring.

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Weeks after a banking crisis pummeled financial stocks, some options strategists say the heightened pessimism in the sector presents an attractive opportunity to position for a rebound ahead of earnings season.

SHANGHAI (Reuters) – China’s BYD launched on Monday a new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products.

(Reuters) – Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc taking the largest hit, market research firm IDC said.

TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Monday it is communicating with Washington about its “guidance” for a law designed to boost U.S. semiconductor manufacturing that has sparked concerns about subsidy criteria.

(Reuters) – The balancing act between slowing growth and sticky price pressures is top of the agenda ahead of U.S. inflation data and the World Bank and IMF Spring Meetings in Washington.

(Reuters) – U.S. money market funds drew inflows for a fourth straight week on worries about an economic slowdown after data pointed to slowing production and a cooling labor market.

The CPI inflation statistics might indicate that more efforts are required to combat inflation, even though it’s decreasing from its peak levels.

(Reuters) – Global money market funds continued to attract strong inflows in cautious trade in the week ended April 5 as a raft of economic data during the week signalled weakening in the U.S. manufacturing activity and a cooling in the labor market.

By Joey Roulette and Kevin Krolicki (Reuters) – As the fortunes of Richard Branson’s Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million rescue.