Tech, industrials bolster Wall Street’s recovery
(Reuters) – U.S. stocks were on course for their fifth straight day of gains on Thursday, led by technology and industrial stocks and as investors shrugged off concerns over rising inflation.
Bitcoin gets back above $10,000 on Bitstamp, a more than two-week high
NEW YORK (Reuters) – Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December.
U.S. market gurus who predicted selloff say current calm an illusion
Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they’re looking at the risks that still lie ahead in the current relative calm.
U.S. Bancorp to pay $613 million for money-laundering violations
WASHINGTON (Reuters) – The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp over charges that it willfully failed to have an adequate anti-money-laundering program, the department said on Thursday.
U.S. producer prices rise in January; industrial output falls
WASHINGTON (Reuters) – U.S. producer prices accelerated in January, boosted by strong gains in the cost of gasoline and healthcare, offering more evidence that inflation pressures were building up.
Thousands of FedEx customer records exposed by unsecured server
(Reuters) – Global package delivery company FedEx Corp said on Thursday it has secured some of the customer identification records that were visible earlier this month on an unsecured server, and so far has found no evidence that private data was “misa…
U.S. watchdog to probe chairman’s decisions in broadcast deal: Democrat
WASHINGTON (Reuters) – The Federal Communications Commission inspector general will investigate whether its chairman was biased in favor of Sinclair Broadcast Group Inc , which is seeking approval from the watchdog for a $3.9 billion acquisition of Tri…
Cohen’s Point72 wants lawsuit over hostility to women sent to arbitration
NEW YORK (Reuters) – Billionaire investor Steven A. Cohen asked a U.S. judge to force a female executive to arbitrate her claims that his firm, Point72 Asset Management LP, maintains a hostile working environment where women are mistreated and paid les…
Thomson Reuters chair sought better terms for financial unit: WSJ
TORONTO (Reuters) – Thomson Reuters Corp Chairman David Thomson urged the company’s board of directors to seek better terms for its $17 billion sale of a large chunk of its business to Blackstone Group LP , the Wall Street Journal reported on Thursda…
Wall Street climbs as tech, industrial gain; energy drags
(Reuters) – Wall Street’s main indexes were trading higher on Thursday with gains in technology and industrial stocks more than offsetting losses in energy stocks.
