By David French (Reuters) – Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks…
McKinsey to cut 2,000 jobs in one of its biggest layoffs – Bloomberg News
(Reuters) -Consulting giant McKinsey & Co is planning to cut about 2,000 jobs, in one of its biggest round of…
Judge asks if Musk’s $56 billion Tesla pay hangs on a legal ‘kill shot’
By Tom Hals WILMINGTON, Del. (Reuters) -A trial challenging Elon Musk’s $56 billion pay at Tesla Inc may hang on…
BlackRock ‘overweights’ Treasuries, emerging markets stocks
(Reuters) -BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to “overweight”…
Biden admin won’t veto ITC’s Apple Watch import ban ruling
By Blake Brittain (Reuters) -The Biden Administration will not overrule a U.S. International Trade Commission decision that could block imports…
Societe Generale to pay $157 million to resolve Allen Stanford fraud lawsuit
By Jonathan Stempel (Reuters) – Societe Generale SA agreed to pay $157 million to settle a lawsuit accusing the French…
Global stocks fall, U.S. yields rise on higher interest rate outlook
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell while U.S. Treasury yields hit new highs on Tuesday as…
AMC shareholders sue company over vote to add shares
(Reuters) – AMC Entertainment Holdings Inc shareholders have filed a lawsuit in Delaware accusing the movie theater chain of bypassing…
U.S. regulator seeks more information on Tesla crash in California
(Reuters) – The United States National Highway Traffic Safety Administration (NHTSA) said on Monday it has asked Tesla Inc for…
Marketmind: Boomtime stats
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. U.S. economic activity…