Robinhood reaches $3.9 million settlement with California over crypto withdrawals
(Reuters) – A cryptocurrency platform run by Robinhood Markets will pay $3.9 million for failing to let customers withdraw cryptocurrency…
Author: Trading Reports Daily
Buffett’s Berkshire offloads Bank of America shares again; total sales near $7 billion
(Reuters) – Warren Buffett’s Berkshire Hathaway has trimmed its stake in Bank of America once again, making the total sales…
US IRS enforcement efforts recover $1.3 billion in unpaid taxes, Treasury says
WASHINGTON (Reuters) – The U.S. Treasury and Internal Revenue Service said on Friday that they have recovered $1.3 billion in…
Biden preparing to block Nippon’s US Steel takeover, source says
By Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden is preparing to block Nippon Steel’s acquisition of U.S. Steel, a…
Nvidia did not receive a US Justice Department subpoena, spokesperson says
By Max A. Cherney (Reuters) -Nvidia did not receive a U.S. Justice Department subpoena, a spokesperson said in a statement…
Johnson & Johnson adds $1.1 billion to proposed talc settlement
(Reuters) -Johnson & Johnson plans to pay an additional $1.1 billion to resolve thousands of legal actions alleging its baby…
Harris proposes smaller hike in capital gains tax than Biden
By Nandita Bose and Andrea Shalal NORTH HAMPTON, New Hampshire (Reuters) -Democratic presidential candidate Kamala Harris on Wednesday proposed raising…
Nvidia and chip index tumble as investors pause AI rally
By Noel Randewich (Reuters) – Shares of AI heavyweight Nvidia tumbled on Tuesday, with Wall Street’s chip index slumping 7%…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…
Citi hires Achintya Mangla to head investment banking financing
NEW YORK (Reuters) – Citigroup has hired Achintya Mangla as head of financing for investment banking, a newly created role…