(Reuters) – BlackRock has temporarily paused meetings with some portfolio companies while studying the impact of new reporting rules from the U.S. Securities and Exchange Commission, according to people familiar with the matter. The top U.S. asset manager is among those affected by a recent SEC interpretation requiring fund firms to file more extensive ownership…
By Suzanne McGee (Reuters) – Vanguard Group’s Standard & Poor’s 500 ETF is on the edge of finally seizing the title of the world’s largest exchange-traded fund from rival State Street Global Advisors’ product, the SPDR S&P 500 Trust, according to data from FactSet, LSEG and other sources. As of late Friday, the State Street…
By Sara Merken (Reuters) – U.S. personal injury law firm Morgan & Morgan sent an urgent email this month to its more than 1,000 lawyers: Artificial intelligence can invent fake case law, and using made-up information in a court filing could get you fired. A federal judge in Wyoming had just threatened to sanction two…
By Nate Raymond (Reuters) – A U.S. judge has rejected a bid to bar the government downsizing team created by President Donald Trump and spearheaded by billionaire Elon Musk from accessing internal systems in the U.S. Department of Education that house federal student financial aid information concerning millions of Americans. Washington-based U.S. District Judge Randolph…
HONG KONG (Reuters) – The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders. Xi hosted a symposium in Beijing with the country’s top tycoons, including…
WARSAW (Reuters) -Microsoft plans to invest an additional 700 million dollars in Poland to improve Polish cybersecurity in cooperation with the country’s armed forces, the company’s president said on Monday without elaborating. In a joint press conference with Polish Prime Minister Donald Tusk, Microsoft President Smith said the investment would be for a second phase…
By Tom Hals WILMINGTON, Delaware (Reuters) – A U.S. judge has scheduled a rare holiday court hearing on Monday, in a case brought by Democratic state attorneys general seeking to protect major federal agencies from Elon Musk’s government cost-cutting team known as DOGE. U.S. District Judge Tanya Chutkan in Washington, D.C., on Sunday called the…
By Joachim Klement The euro zone is showing early signs of an economic recovery that is unlikely to be derailed by the tariffs the Trump administration has threatened thus far. But that doesn’t mean European policymakers can let their guard down. Many investors and economists believe the euro zone will continue to be stuck with…
(Reuters) – Warren Buffett’s Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands, and said it has reduced its holdings in Citigroup and Bank of America. In a regulatory filing, Berkshire said it ended 2024 with 5.62 million Constellation shares worth $1.24 billion. It lowered its Citigroup stake 74% to…
WASHINGTON (Reuters) – Boeing CEO Kelly Ortberg will testify on April 2 before the U.S. Senate Commerce Committee, the panel’s chair, Republican Senator Ted Cruz, said on Friday. The hearing will examine the steps taken at Boeing to address its production and safety issues following an Alaska Airlines Flight 1282 incident last year and a…
