By Niket Nishant (Reuters) -Nasdaq, which lists shares of some of the biggest U.S. tech companies on its exchange, said it had resolved a technical glitch that affected trading for more than two hours before Monday’s open and that all systems were back up. The company did not give details about the severity of the […]
Apple reaches $490 million settlement over CEO Cook’s China sales comments
By Jonathan Stempel (Reuters) -Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and requires approval by U.S. District Judge Yvonne Gonzalez […]
US House passes bill to force ByteDance to divest TikTok or face ban
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives overwhelmingly passed a bill on Wednesday that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app, or face a ban, in the greatest threat to the app since the Trump administration. The bill passed 352-65 in […]
UK Housing Market Strengthens in February, Rics Survey Shows
LONDON (Reuters) – Britain’s housing market picked up in February but property surveyors said uncertainty over the Bank of England’s interest rates path could temper demand, a closely watched industry survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) gauge of new buyer enquiries rose to a net balance of +6 last month, […]
Gasoline, shelter costs drive US inflation higher in February
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting stickiness in inflation that cast some doubts on whether the Federal Reserve would start cutting interest rates in June. February marked the second straight month of firmer inflation readings. Inflation-weary Americans, however, got some relief […]
S&P 500, Nasdaq end down as investors wait for CPI, PPI data
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq ended down slightly on Monday with investors preparing for this week’s consumer and producer price data, which they hope will provide a better idea of whether the Federal Reserve can begin cutting interest rates in the coming months. Boeing shares eased 3%. U.S. Transportation […]
Biden takes on Trump and Republicans in fiery State of the Union speech
By Jeff Mason, Gabriella Borter and Idrees Ali WASHINGTON (Reuters) -President Joe Biden on Thursday laid out his case for re-election in a fiery State of the Union speech that accused Donald Trump of threatening democracy, kowtowing to Russia and torpedoing a bill to tackle U.S. immigration woes. In a 68-minute address to Congress, Biden, […]
Kroger forecasts upbeat 2024 as grocery demand stays strong
By Deborah Mary Sophia (Reuters) -Kroger on Thursday forecast annual sales and profit largely above Wall Street estimates, betting on higher demand for groceries at its stores, tighter cost control and the strength of its private-label brands. Shares of the company, whose $24.6 billion deal to buy smaller rival Albertsons is facing an antitrust roadblock, […]
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Nasdaq resolves technical glitch that impacted premarket trading
March 18, 2024
By Niket Nishant (Reuters) -Nasdaq, which lists shares of some of the biggest U.S. tech companies on its exchange, said it had resolved a technical glitch that affected trading for more than two hours before Monday’s open and that all systems were back up. The company did not give details about the severity of the […]
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