Business News

By Jonathan Stempel NEW YORK (Reuters) – General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power …

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday that it is not yet clear to him what the central …

By Kylie Madry MEXICO CITY (Reuters) -Mexican authorities should postpone planned flight cuts out of the capital airport until the summer 2024 season, which begins in March, an international group …

By Aditya Soni (Reuters) -GameStop on Thursday named billionaire Ryan Cohen as its CEO and chairman, tightening the activist investor’s grip on the ailing videogame retailer that he intends to …

(Reuters) -France’s competition authority raided Nvidia’s local offices this week on suspicion the chipmaker engaged in anticompetitive practices, the Wall Street Journal reported on Thursday. The French competition authority, which …

By Scott DiSavino NEW YORK (Reuters) -Oil futures eased about 1% on Thursday, as traders took profits after prices soared to 10-month highs, and some worried that high interest rates …

By Karen Brettell and Alun John NEW YORK (Reuters) – The dollar index eased from a 10-month high on Thursday but remained on track for a weekly gain, and investors …

(Reuters) – Ray Dalio believes the United States is going to have a debt crisis and is closely watching the “risky” fiscal situation, CNBC reported on Thursday, citing an interview …

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, may face a “very long sentence” if convicted at his fraud trial starting …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – A $16 billion JP Morgan fund, expected to reset its options positions on Friday, is drawing traders’ attention as a potential source …

(Reuters) -“Fortnite” maker Epic Games is laying off about 830 employees, or 16% of its staff, and divesting online music platform Bandcamp, the company said on Thursday. The videogame company …

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Thursday charged former executives for telecommunications firm Pareteum with accounting and disclosure fraud, according to a statement.The SEC said it …

By Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors on Thursday announced criminal insider trading charges against a former Goldman Sachs and Blackstone analyst and two friends over an alleged scheme …

By Daniel Wiessner (Reuters) -A New York state judge on Thursday rejected a bid by Uber Technologies Inc, DoorDash Inc and Grubhub Inc to block New York City’s novel law …

(Corrects paragraph 2 to remove reference to Paris Stock exchange and say on Sept. 25 and not last week) (Reuters) – Coty said it would price its global offering of …

By Leah Douglas (Reuters) -The U.S. Department of Justice on Thursday filed an antitrust lawsuit against data company Agri Stats, alleging that its weekly reports on meat pricing and sales …

By Stephen Nellis (Reuters) – Apple on Thursday asked the U.S. Supreme Court to strike down an order requiring changes to its App Store rules stemming from an antitrust case …

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy maintained a fairly solid pace of growth in the second quarter and activity appears to have accelerated this quarter, but a …

FRANKFURT (Reuters) – Germany’s Commerzbank said on Thursday it was revamping its payout policy for investors, aiming for a return of least 70% of profit for 2024. It also expects …

LONDON (Reuters) – Philip Morris International (PMI) on Thursday signalled a slower than anticipated U.S. roll out of its IQOS heated tobacco device, a choice analysts said was positive for …

WASHINGTON (Reuters) -The International Monetary Fund said on Thursday it sees some signs of stabilization in China’s economy from recent data, but believes the country can accelerate growth over the …

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal foreign exchange trade in grey …

By Gwladys Fouche and Charlotte Van Campenhout OSLO/BRUSSELS (Reuters) – Norway’s data regulator will refer the ongoing fine it has imposed on Meta Platforms to the European data authority (EDA), …

By Bansari Mayur Kamdar and Shubham Batra (Reuters) -European shares snapped a five-day losing streak to edge higher on Thursday after a jump in mining stocks, while German inflation rose …