U.S. SEC Issues Guidance On Broker And Adviser 'Care Obligations'
The U.S. Securities and Exchange Commission (SEC) published a staff bulletin on Thursday giving guidance on how broker dealers and investment advisers must put their clients' interests ahead of their own when providing advice and recommendations to retail investors.
Yellen Wants More World Bank Reforms In Coming Months, Eyes Subnational Lending
U.S. Treasury Secretary Janet Yellen said she is insisting that next steps in the World Bank's evolution be taken in coming months, including potential changes to allow the bank's private sector and poor country lending arms to lend to sub-sovereign entities like cities and regional authorities.
Two Killed As Tornadoes Rip Through Central Oklahoma
Teams of rescue workers and emergency crews on Thursday combed through flattened homes in central Oklahoma after a reported tornado touched down in the area, killing at least two people.
DeSantis Signs Bill To Lower Bar On Death Sentence In Florida
Florida Governor Ron DeSantis signed a bill on Thursday ending a requirement that juries need to vote unanimously to recommend capital punishment before a judge in a capital felony trial can sentence a defendant to death.
Tesla Shares Sink As Musk's Sales Push By Price Cuts Hurts Margins
Tesla Inc's shares sank nearly 10% on Thursday and dragged down other automakers after Chief Executive Elon Musk signaled the electric-vehicle maker will keep cutting prices to drum up demand even after taking a big hit to margins.
US War Game On Taiwan Shows Need For 'Decisive Action' To Boost Arms
A U.S. congressional war game simulating a Chinese invasion of Taiwan showed the need to arm the island "to the teeth," the chair of a committee on China said on Thursday, after the exercise indicated the U.S.
In Meeting With Big Economies, Biden Announces Funds To Fight Climate Change
During a virtual meeting of the Major Economies Forum on Energy and Climate, Biden urged his counterparts to meet a target of limiting overall global warming to 1.5 degrees Celsius.
Cannabis Companies Look To '4/20' To Light Up Sales
From cannabis-infused flowers to edible weed gummies, marijuana companies are pulling out all the stops as they eye bumper sales on April 20 - a day referred to as "4/20" in weed culture.
IBM Beats First-quarter Profit Estimates, Signals Demand Holding Up
IBM Corp beat Wall Street expectations for first-quarter profit on Wednesday and signaled demand for IT services was better than feared, sending shares up 3.5% after the bell.
Florida Board Says It Discovers Another '11th Hour' Agreement With Disney
Florida Governor Ron DeSantis' new oversight board has discovered another "11th hour agreement" that allows Walt Disney Co to set its own utility rates at its Orlando theme parks, the board's chairman said on Wednesday.
US Veterans Suing 3M Over Earplugs Seek To Stop Unit's 'False Alarm' Bankruptcy
U.S. veterans and members of the military on Wednesday urged a judge to dismiss 3M's bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over military-issue earplugs that former users allege were defective and damaged their hearing ability.
US Economic Activity Little Changed In Recent Weeks, Fed Survey Shows
U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, according to a Federal Reserve report published on Wednesday.
EU Urges Others To Copy Its Rules For Cryptoassets
The rest of the world should copy European Union rules for cryptoassets to create a robust global approach that protects consumers and financial stability, the EU's financial services chief said on Wednesday.
US House Committee Votes To Repeal Biden Solar Panel Policy
A U.S. House of Representatives committee voted in favor of restoring tariffs on solar panels from four Southeast Asian nations on Wednesday and reversing President Joe Biden's earlier suspension, setting the resolution up for a vote by the full House.
Two Alabama Teens Charged With Murder In 'Sweet 16' Party Shooting
Two Alabama teenagers have been taken into custody and charged with murder in last week's shooting at a "Sweet 16" birthday party that left four dead and 32 wounded, a state police spokesperson said on Wednesday.
US Imposes Sanctions On Network Supporting Iran's Drone, Military Programs
The United States on Wednesday imposed sanctions on a procurement network it accused of supporting Iran's drone and military programs, targeting companies and suppliers in China, Iran and elsewhere in the fresh action aimed at increasing pressure on Tehran.
Wall St Slips On Mixed Earnings, Higher Treasury Yields
Wall Street's main indexes fell on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment.
Top US Senate Republican Backs U.S. Supreme Court Chief Amid Calls For Thomas Probe
U.S. Senate Republican Leader Mitch McConnell on Tuesday expressed support for the Supreme Court's chief justice as Democrats urge him to investigate luxury trips taken by Justice Clarence Thomas that were paid for by a Republican donor.
Netflix Forecast Misses Wall Street Consensus, Shares Drop
Netflix Inc on Tuesday reported first-quarter revenue and earnings roughly in line with Wall Street expectations but offered a forecast below analyst estimates for the next three months.
Betterment Agrees To Pay $9 Million To Settle U.S. SEC Charges
The SEC said the issues impacted more than 25,000 accounts, resulting in those clients losing approximately $4 million in potential tax benefits.
Online US Real Estate Firm Opendoor Cuts 22% Of Workforce
Opendoor Technologies Inc on Tuesday said it was cutting roughly 560 jobs, or 22% of the workforce at the online U.S. real estate firm, citing a declining housing market.
US Family Immigration Detention Won't Restart 'At This Time,' Official Says
The Biden administration is not planning "at this time" to restart family immigration detention, a senior U.S.
Southwest Flights Resume After Brief Halt Due To Technical Issue
Southwest Airlines Co's flights resumed operation Tuesday after a one-hour nationwide stoppage, which the U.S. airline said was caused by a firewall failure.
US Debt Ceiling Deadline Could Be Sooner Than Anticipated, Banks Warn
The U.S. government's deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, raising the prospect of a short-term debt limit extension, analysts said on Tuesday.
WHO Warns Sudan's Hospitals Running Out Of Supplies, Staff
The World Health Organization's chief called on Tuesday for the parties in the conflict in Sudan to provide access to medical facilities to all those requiring care, warning that medical supplies and personnel in the capital are running low.
J&J Lifts Profit Forecast On Pharma Boost, Medical Devices Recovery
Johnson & Johnson beat quarterly earnings estimates and raised its 2023 profit forecast on Tuesday, powered by strong sales for key drugs such as Crohn's disease treatment Stelara and a recovery in demand at its medical devices unit.
Futures Gain As Investors Cheer Resilient Earnings
U.S. stock index futures climbed on Tuesday as Bank of America and Johnson & Johnson reported upbeat earnings, while signs of uneven economic recovery in China and prospects of more Federal Reserve interest rate hikes capped gains. .
Biden, Facing Roadblocks In Congress, To Issue Executive Order On Childcare, Eldercare
U.S. President Joe Biden, facing congressional resistance to his proposals, will announce more than 50 executive actions on Tuesday aimed at advancing free preschool and expanding care for children, older Americans and those with disabilities.
Oil Steady As Markets Look Ahead To China GDP Data
Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere.
McDonald's Tweaks Buns, Sauce, For Better Big Macs
McDonald's is toasting buns and melting cheese to improve the quality of its Big Mac and other burgers as it looks to boost sales.