News Trends, News Analysis, News Archive.

Related Articles

Banking and Financial Institutions

A Top Candidate for New York Fed’s Leader: San Francisco’s

The president of the Federal Reserve Bank of New York is set to retire this year. One possible replacement is John Williams, who has led the San Francisco Fed since 2011.

Gun Control

Highlights for a March Weekend From Opinion

Here is a roundup of some recent pieces for you weekend reading, including several on the debate over gun laws.


Globalists buck U.S. index fund trend

NEW YORK (Reuters) - Volatility in U.S. equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds.


Hedge fund Glenview ups stake in Sharpie maker Newell Brands

BOSTON (Reuters) - Hedge fund Glenview Capital Management on Friday said it now owns 5.6 percent of Newell Brands Inc, announcing its increased stake just days after the maker of Sharpie markers and...

Bolton, John R

Even by Trump Standards, a Lot Has Happened This Week. Let Us Catch You Up.

Here are six of the biggest stories driving American politics this week.


Wall Street nosedives as investors flee on trade war fears

NEW YORK (Reuters) - Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential U.S. trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses.


More hedge funds closed than started globally in 2017

BOSTON (Reuters) - More hedge funds closed their doors than opened up in 2017, according to global research released on Friday, but the pace of liquidations slowed as the industry attracted fresh...

United States Politics and Government

After Another Week of Chaos, Trump Heads to Palm Beach. No One Knows What Comes Next.

President Trump prepared to leave the White House for Florida after a head-spinning series of moves on national security, trade, the budget and with his legal team.


Advocates praise U.S. federal flood insurance funding

WASHINGTON (Reuters) - Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last year's devastating hurricanes and floods praised Congress for extending the program through July 31.

Trump: 'We had no choice but to fund our military'


UPDATE 1-U.S. drillers add oil rigs for 2nd consecutive week -Baker Hughes

(Adds Permian rigs, Good Friday holiday schedule) March 23 (Reuters) - U.S. energy companies added oil rigs this week for a second week in a row, data showed on Friday, as drillers followed through on plans to boost spending, encouraged by crude prices rising toward their highest in nearly three years. Drillers added four oil rigs in the week to March 23, bringing the total count to 804, the highest since March 2015, General Electric Co's Baker Hughes energy services firm said in


Tiger Global to buy $50 million worth of Wealthfront stock: source

NEW YORK (Reuters) - U.S. investment firm Tiger Global Management is in the process of buying $50 million worth of shares of online asset management startup Wealthfront, a source familiar with deal...


Bank of America pays $42 million fine in New York 'masking' probe

NEW YORK (Reuters) - Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York's attorney general that it fraudulently routed clients' stock trades to outside firms, including one run by swindler Bernard Madoff.


In anti-drug Sweden, investors take shine to cannabis stocks

STOCKHOLM(Reuters) - Growing numbers of Swedish investors are getting a buzz from trading in listed marijuana stocks even though the country has some of Europe's most restrictive drug laws.

Rare look at latest F-35 jet

CNN's Ivan Watson reports aboard the USS Wasp and gets a look at the new F-35 Lightning jet in action.


Funds ask Aviva to make clear preference shares are irredeemable

LONDON (Reuters) - Six large institutional investors said on Friday that Aviva's decision to drop plans to cancel its preference shares addressed most of their concerns, but added issuers of...

New York City

New York Today: New York Today: The Right to Disconnect

Friday: A bill to cut back on after-hours email, weekend events, and your thoughts on working after clocking out.


New York firefighter killed in blaze on set of Bruce Willis movie

(Reuters) - A New York City firefighter was killed and five others including two firefighters were injured in a blaze in a historic building where a movie starring Bruce Willis and Alec Baldwin was being filmed, local media reported and officials said early on Friday.


Australia's big banks broke laws and failed public, inquiry reveals

SYDNEY (Reuters) - Australia's top banks routinely and repeatedly breached laws when issuing home loans, credit cards and other consumer loans, according to a scathing summary of the first round of...


Israeli social trading firm eToro raises $100 million in private funding

TEL AVIV (Reuters) - Israeli social investment platform eToro said it raised $100 million in private financing, bringing total funds raised to $162 million.


RPT-China, HK stocks slump most in 6 weeks on trade war fears, bonds in demand

* Currency markets quiet, Beijing not seen changing FX policy (Repeats to attach to alerts on Hong Kong market's closing levels)


China, HK stocks slump most in 6 weeks on trade war fears, bonds in demand

* Currency markets quiet, Beijing not seen changing FX policy (Adds Hong Kong close, details)

Bolton hits 'munchkin' for leaks

President Trump's incoming national security adviser, John Bolton, told Fox News that foreign leaders can't be open in conversation if "some munchkin in the Executive branch" is leaking talking points with the president.


China stocks tumble to 6-week low, roiled by trade war fears

* China, HK indexes poised for worst day since early February


PRESS DIGEST-New York Times business news - March 23

March 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.


Review: ‘Frozen’ Hits Broadway With a Little Magic and Some Icy Patches

The neurotic stage musical adaptation of the animated blockbuster raises questions about how Disney transforms its biggest hits.


Government funding bill hits snag in Senate

WASHINGTON (Reuters) - Legislation to fund the government beyond Friday, which was on a fast track toward passage by the U.S. Congress, hit a bump on Thursday as Republican Senator Rand Paul employed procedural delays while he hunkered down to read the 2,232-page tome.


Investors pull $9.6 billion from U.S. equity funds, deepening selloff

NEW YORK (Reuters) - U.S. fund investors stripped billions from stocks during the most recent week, Lipper data showed on Thursday, adding to the selling pressure building on markets.

Opinion: Only 117 years 'til this asteroid (possibly) hits us

Chicken Little was right. In a very literal sense, the sky is falling. Not today and not tomorrow, but eventually. NASA has announced that on September 22, 2135 (which happens to be a Thursday, if you need to check your schedule), there is a small chance an asteroid a third of a mile across (named Bennu) will slam into the Earth with an impact energy equivalent to the currently deployed arsenal of US nuclear ballistic missiles.


Investors pull $9.6 bln from U.S. stock funds in week -Lipper

NEW YORK, March 22 (Reuters) - U.S. fund investors stripped $9.6 billion from stocks during the most recent week, Lipper data showed on Thursday, adding to the pressure building on markets.


Vital Medicare counseling service escapes U.S. budget cuts for now

Catherine Jones lives on $930 a month in Social Security benefits, so every dollar counts for the retired Detroit nurse. Her income is low enough to qualify for a special Medicare program that covers...


Stocks tumble to worst day in six weeks after Trump tariff action

NEW YORK (Reuters) - U.S. stocks slumped on Thursday as President Donald Trump's move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fueling the biggest percentage declines in Wall Street's three major indexes since they entered correction territory six weeks ago.

Toys 'R' Us founder dies a week after company announced it will close

Zuckerberg, Mark E

Bits: Kevin’s Week in Tech: Zuckerberg’s Answers to Privacy Scandal Raise More Questions

Mark Zuckerberg said Facebook’s reliance on advertising aligned with its mission to build a community. But what if Facebook cost $5 per month to use?


New York, New Jersey airport workers could get hike in minimum wage

NEW YORK (Reuters) - The board that oversees major airports in New York and New Jersey voted on Thursday to consider phasing in a minimum wage increase to $19 per hour by 2023, affecting about 20,000 workers.


Goldman Sachs no longer one of top three commodities banks

LONDON (Reuters) - Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan , Morgan Stanley and Citibank for the first time,...


Deutsche Bank to reap $1.7 billion from asset management IPO

BERLIN (Reuters) - Deutsche Bank's asset management arm DWS set the price for its initial public offering on Thursday at a level which is expected to generate proceeds of about 1.4 billion euros...

Wages and Salaries

New York-Area Airport Workers on Way to $19 Per Hour

The Port Authority, which oversees Kennedy, La Guardia and Newark Airports, is expected to recommend that the agency raise the minimum wage by the fall of 2023.


MOVES-Hot hedge fund Coatue hires ex-Och-Ziff exec -source

NEW YORK, March 22 (Reuters) - James Keith "JK" Brown, a top hedge fund marketer who left Och-Ziff Capital Management Group LLC last year, is set to join Coatue Management LLC to lead its investor relations unit, according to a person familiar with the situation.


Investors, lawmakers, advertisers pressure Facebook over data

WASHINGTON/LONDON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg's apology for how his company handled 50 million users' data did little on Thursday to ease investor worries about the cost to fix mistakes and lawmakers' dismay that his response did not go far enough.


New York City probes Kushner Cos buildings over possible 'illegal activity'

(Reuters) - A New York City regulator is investigating 13 buildings controlled by a company formerly run by Jared Kushner, a top aide to U.S. President Donald Trump and his son-in-law, over possible "illegal activity" related to work permits, according to public filings.

Trump hits China with tariffs

President Donald Trump launched the next salvo in his widening war on Chinese trade abuses, this time taking aim at China's unfair seizure of US intellectual property.

United States Economy

Trump Hits China With Trade Measures as White House Exempts Allies From Tariffs

President Trump said he will impose about $60 billion worth of annual tariffs against Chinese imports.


U.S. weekly jobless claims increase slightly

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week, but the increase was marginal, suggesting strong job growth in March that should underpin consumer spending.


Goldman alumni set up $1 billion macro fund with focus on commodities

LAUSANNE, Switzerland (Reuters) - Jonathan Goldberg, the founder of one of the world's largest energy-focused hedge funds BBL Commodities, is launching a new $1 billion macro fund with his former...


Congress scrambles to pass funding bill before Friday deadline

WASHINGTON (Reuters) - The U.S. Congress was racing on Thursday to approve a massive spending bill and send it to President Donald Trump for enactment before a midnight Friday government shutdown deadline, in a move that would significantly boost defense and non-military funding through Sept. 30.


New York building regulator probes Kushner Companies properties

(Reuters) - A New York City regulator is probing 13 buildings controlled by a company formerly run by Jared Kushner, a top aide to U.S. President Donald Trump and his son-in-law, over possible "illegal activity" related to work permits, according to public filings.


Morgan Stanley to hire 80 in Paris after Brexit: source

LONDON/PARIS (Reuters) - Morgan Stanley plans to add 80 jobs in Paris after Britain's exit from the European Union, a source familiar with the matter said on Thursday, on top of around 200 the U.S....

New York City

New York Today: New York Today: Commuting After the Snowstorm

Thursday: A look at the morning commute, the Affordable Art Fair, and a search for commuter art.


UPDATE 1-Trade jitters send European shares to two-week low

* Reckitt gains after pulling out of Pfizer bid race (Updates prices, adds quotes, detail)


UBS CEO says to expect 'more of the same' performance

ZURICH (Reuters) - The financial sector still faces similar challenges to previous years, UBS Chief Executive Sergio Ermotti said at the Morgan Stanley European Financials Conference on Thursday.


Och-Ziff exec to start new unit under fund giant Millennium -sources

NEW YORK, March 22 (Reuters) - An Och-Ziff Capital Management executive is leaving the company to run a new firm backed by global investment firm Millennium Management, according to two sources familiar with the matter, the latest move in the commodities fund industry after a turbulent 2017.


Chinese drone maker DJI seeking at least $500 million in pre-IPO funding: sources

HONG KONG (Reuters) - China's SZ DJI Technology Co Ltd, the world's largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock market debut, people with knowledge of the matter said.


BRIEF-Crown Point Says Qtrly Funds Flow From Operations Per Share $0.07



Last three years hottest on record, severe weather hits 2018: U.N.

OSLO (Reuters) - The past three years were the hottest on record and heat waves in Australia, freak Arctic warmth and water shortages in Cape Town are extending harmful weather extremes in 2018, the United Nations said on Thursday.

New York's primary is shaping up to be a blockbuster

"Only in New York, kids, only in New York."


Trump supports massive U.S. funding bill as shutdown looms

WASHINGTON (Reuters) - President Donald Trump, in talks with congressional leaders on Wednesday, backed a $1.3 trillion spending bill meant to avert a U.S. government shutdown, even though it is expected to exclude some of his specific immigration-related funding requests.


Cryptocurrency issuers clean up, shun U.S. investors as SEC gets tough

WASHINGTON/NEW YORK (Reuters) - Tech start-ups that issue digital tokens to raise funds are falling in line with U.S. securities laws or seeking legal ways to skirt them after the Securities and Exchange Commission (SEC) said it planned to regulate the market.

Hurricane Maria (2017)

Op-Ed Contributor: The Refugees in New York’s Hotel Rooms

Puerto Ricans like me are stranded here. It can hardly be called living; it’s barely surviving.


What the Federal Reserve rate hike means for U.S. households

NEW YORK (Reuters) - The effects of the Federal Reserve interest rate hike announced on Wednesday will extend beyond corporate America to household budgets.


U.S. investment trusts gobble assets; retirement plans retreat from active funds

BOSTON (Reuters) - U.S. retirement plans pumped billions of dollars into investment trusts last year, helping asset managers offset some of the heavy cash outflows from their pricier actively managed...


UBS in $230 million settlement of New York mortgage securities probe

NEW YORK (Reuters) - UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling subprime mortgage securities that contributed to the 2008 global financial crisis.


As shutdown looms, Congress crafts massive funding bill

WASHINGTON (Reuters) - More money for border security and fighting Russian election hacking was expected to be included in a $1.3 trillion U.S. government spending bill taking shape in Congress on Wednesday, along with gun legislation and a fix to a "grain glitch" in last year's sweeping tax law overhaul.


UPDATE 1-UBS in $230 mln settlement of New York mortgage securities probe

NEW YORK, March 21 (Reuters) - UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling subprime mortgage securities that contributed to the 2008 global financial crisis.


UPDATE 4-As shutdown looms, U.S. Congress crafts massive funding bill

WASHINGTON, March 21 (Reuters) - More money for border security and fighting Russian election hacking was expected to be included in a $1.3 trillion U.S. government spending bill taking shape in Congress on Wednesday, along with gun legislation and a fix to a "grain glitch" in last year's sweeping tax law overhaul.


U.S. stock funds attract most cash since mid-2017: ICI

NEW YORK (Reuters) - U.S. fund investors steered the most cash since mid-2017 into stocks, Investment Company Institute (ICI) data for the most recent week showed on Wednesday, as cool economic data...


Winter 'four'easter' storm hits U.S. East, snarling traffic, closing schools

(Reuters) - Millions of commuters along the U.S. East Coast faced another round of heavy snow, ice and gusty winds on Wednesday as the fourth major snowstorm this month struck the region, closing schools, grounding flights and halting buses and trains.

United States International Relations

U.S. Taking Negotiations ‘One Week at a Time’ on Expiring Iran Deal

The chief American envoy to the Iran nuclear talks is banking on political savvy and Midwestern earnestness to salvage the deal that President Trump wants to scrap.


Apollo CEO sees Ares offering little incentive for stock conversion

BOSTON (Reuters) - Apollo Global Management LLC Chief Executive Leon Black on Wednesday downplayed the possibility that his private equity firm would follow peer Ares Management LP in converting from...


U.S. budget plan cuts proposed funds for N.Y.-New Jersey tunnel: sources

WASHINGTON (Reuters) - A deal to fund the U.S. government through the end of September is expected to include less funding than initially proposed for building a new train tunnel under the Hudson River connecting New York City and New Jersey, two people briefed on the talks said.


UPDATE 5-Oil approaches six-week highs as concern grows over Middle East

* Upcoming: EIA U.S. output, inventory data due on Weds (Updates prices)


Deutsche Bank sees $550 million first-quarter headwind from strong euro, funding costs

FRANKFURT (Reuters) - A strong euro and higher funding costs have created a 450 million euro ($552.92 million) headwind for Deutsche Bank in the first quarter of the year, the German lender's finance chief said on Wednesday.


Do not panic if you cannot pay your tax bill

(The opinions expressed here are those of the author, a columnist for Reuters.)


Major banks earned more in metals than oil last year

LONDON (Reuters) - Banks' metals-related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging...


Nordea says its sustainable funds won't buy more Facebook stock

STOCKHOLM (Reuters) - Nordea, the Nordic region's biggest bank, will not let its sustainable funds buy more Facebook shares for the time being, its head of sustainable finance said.


StanChart's head of commercial, private banking to leave

HONG KONG (Reuters) - Standard Chartered PLC's chief executive of private and commercial banking is leaving the bank to join another financial services company in London, the emerging markets-focused...

New York City

New York Today: New York Today: Spring Snowstorm

Wednesday: The latest on the storm heading toward New York City, and how it could affect your commute.


France's Sarkozy faces second day of questioning in Gaddafi funds case

PARIS (Reuters) - France's Nicolas Sarkozy faced a second day of questioning on Wednesday by investigators looking into allegations that his 2007 election campaign had received funds from late Libyan leader Muammar Gaddafi.


METALS-Shanghai copper hits 6-month low as shorts increase

(Updates position data, prices) BEIJING, March 21 (Reuters) - Shanghai copper prices fell for a fourth day on Wednesday, marking their lowest close in almost six months amid fears of a trade war as investors waited for news on a U.S. interest rate hike. Short positions held by brokerages on the most traded May copper contract on the Shanghai Futures Exchange (ShFE) rose by almost 3,000 lots to 104,540 lots on Wednesday and now exceed long positions by more than 18,000 lots, ShFE data s


Pension fund CalSTRS opposes Tesla's compensation package for Musk

(Reuters) - U.S. public pension fund CalSTRS said on Wednesday it is opposed to Tesla Inc's recommendation to support Chief Executive Elon Musk's compensation arrangement at the electric car maker's shareholder meeting.

Investors sue Facebook following data harvesting scandal


PRECIOUS-Gold edges up as dollar dips, investors await rate hike outlook

March 21 (Reuters) - Gold prices inched up on Wednesday as the dollar crept lower, while investors awaited the conclusion of U.S. Federal Reserve's two-day meet for clues on faster monetary tightening, expecting the first rate increase of the year later in the day. FUNDAMENTALS * Spot gold was up 0.1 percent at $1,311.72 per ounce, as of 0118 GMT. Prices hit a nearly three-week low in the previous session at $1,306.91. * U.S. gold futures for April delivery


Ex-New York State Assembly Speaker Silver loses bid to avoid retrial

NEW YORK (Reuters) - A federal judge on Tuesday rejected former New York State Assembly Speaker Sheldon Silver's bid to dismiss his indictment on corruption charges, clearing the way for a possible retrial after his earlier conviction had been thrown out.


Congress leaders near deal on government funding bill: senators

WASHINGTON (Reuters) - U.S. lawmakers neared agreement on Tuesday on a massive government spending bill that Congress hopes to pass by Friday, as congressional leaders worked to narrow their differences on thorny issues such as President Donald Trump's border wall.


A new quagmire for quarterly U.S. taxpayers

NEW YORK (Reuters) - If you pay quarterly U.S. taxes, the April IRS deadline is a double whammy - you have to file your 2017 return and you have to pay the first portion of your taxes due for the...


Former F-Squared CEO must pay $12.4 million in SEC case: U.S. judge

BOSTON (Reuters) - The former chief executive of F-Squared Investments Inc, once the largest U.S. money manager creating portfolios out of exchange-traded funds, must pay more than $12.4 million for...


Morgan Stanley wealth customers bring more assets to bank: executive

NEW YORK (Reuters) - Morgan Stanley is starting to see some wealth management customers bring assets into the bank that they had held at other firms, President Colm Kelleher said on Tuesday.


Judge blocks Mississippi law that would ban abortions after 15 weeks

(Reuters) - A federal judge on Tuesday temporarily blocked a Mississippi law that would ban abortions after 15 weeks in a ruling handed down one day after the state's governor signed the measure.


METALS-Copper hits three-month low on rising inventories, trade war fears

* GRAPHIC-2018 asset returns: (Updates with closing prices)


New York Region Braces for Major Snowstorm

Even as the calendar turns to spring, winter refuses to relinquish its grip with forecasters predicting 12 to 16 inches of snow starting on Wednesday.


Morgan Stanley had 'very high' wealth-business revenue in early '18: president

NEW YORK (Reuters) - Morgan Stanley had "very high" revenue in its wealth business in the first two months of 2018, but that has tailed off, President Colm Kelleher said on Tuesday at a European...


Investors crowded into tech sector, BAML March survey finds

LONDON (Reuters) - Global investors were crowded into so-called FAANG and BAT tech shares in March and continue to cling to equity holdings despite fears of trade wars and growth slowdown, Bank of...


U.S. 3-month LIBOR/OIS spread widest since May 2009

NEW YORK (Reuters) - A gauge of stress in the U.S. money markets climbed to its highest level in nearly nine years on Tuesday on concerns about growing costs for banks and other companies to borrow...


Former French leader Sarkozy held over Libyan funding inquiry

PARIS (Reuters) - Former French President Nicolas Sarkozy was held in custody on Tuesday and questioned by magistrates investigating whether late Libyan leader Muammar Gaddafi helped finance his 2007 election campaign, an official in the French judiciary said.


Ghana to name four lead advisors for $2.5 billion Eurobond sale

ACCRA (Reuters) - Ghana is set to name four banks as lead advisers for a planned sale of up to $2.5 billion of Eurobonds, expected by June, sources close to the transaction said on Tuesday.

New York City

New York Today: New York Today: Sniffing Out Trouble

Tuesday: Spring cleaning with bedbug-hunting dogs, the Queens World Film Festival, and five newly renovated city parks.


Fidelity's Eight Road Ventures Europe raises $375 mln fund

LONDON, March 20 (Reuters) - Fidelity's Eight Roads Ventures Europe has raised a new $375 million fund, its third, with plans to invest in growth-stage tech firms across Europe and Israel that aim to scale up globally, the venture firm said on Tuesday.

Venture Capital

Hundreds of Start-Ups Tell Investors: Diversify, or Keep Your Money

Leading Silicon Valley entrepreneurs are forming a Founders for Change coalition to deliver a message to the white- and male-dominated world of venture capital.


French ex-president Sarkozy in custody in campaign funding probe: source

PARIS (Reuters) - Former French President Nicolas Sarkozy was being held in police custody on Tuesday for questioning by magistrates looking into allegations of Libyan funding for his 2007 election campaign, an official in the French judiciary said.


Goldman Sachs adds LPL Financial to its securities-lending business

NEW YORK (Reuters) - Goldman Sachs Group Inc has signed LPL Financial Holdings, the largest U.S. independent broker-dealer by revenue, to its securities-based lending platform, the bank said on...


Mississippi Bans Abortions After 15 Weeks; Opponents Swiftly Sue

“We are saving more of the unborn than any state,” Gov. Phil Bryant said. Abortion rights advocates called the bill clearly unconstitutional.


COLUMN-Banks brace for higher funding costs as crisis-era signal flashes: McGeever

LONDON, March 19 (Reuters) - The last time banks had to pay this much to borrow dollars from each other over near risk-free borrowing costs, the euro zone's very existence was in peril. The time before that, the global financial system was slowly coming back from the brink of collapse.


Congress struggles to meet deadline for government funding bill

WASHINGTON (Reuters) - The U.S. Congress, facing a Friday midnight deadline, toiled on Monday to finish writing a $1.2 trillion bill to fund the federal government through Sept. 30, as several thorny issues lingered, including funding President Donald Trump's border wall.


United Airlines image bruised after latest round of PR fiascos

NEW YORK (Reuters) - United Airlines is struggling to repair its badly bruised public image after the death of a puppy onboard one of its flights reignited public debate about the airline's customer service failures.


'Socially responsible' investors reassess Facebook ownership

NEW YORK (Reuters) - With European and U.S. lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company's operations.


New York Subway’s On-Time Performance Hits New Low

Only 58.1 percent of weekday trains arrived on time in January, down from 64.1 percent a year earlier, according to a new report.


Mississippi governor signs bill banning abortions after 15 weeks

(Reuters) - Mississippi's governor signed into law on Monday the most restrictive abortion measure in the United States, which abortion rights advocates have vowed to contest in court as unconstitutional.

Elections, Governors

Cynthia Nixon Enters Race for New York Governor

Ms. Nixon, an education activist best known for her work on “Sex and the City,” is expected to challenge Gov. Andrew M. Cuomo from the political left.

Opinion: A weekend of issues in the Trump presidency

We were lulled into submission early Friday night. All week President Donald Trump had raised the possibility there would be major personnel changes in the White House: Secretary of State Rex Tillerson had already been fired by tweet earlier in the week, but the rumors -- egged on by Trump himself -- were swirling that there would be other "You're Fireds."


Tech stocks wobble in U.S.; some investors worry party is ending

SAN FRANCISCO (Reuters) - A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks' market leadership would last.


'Sex and the City' actress Cynthia Nixon to run for New York governor

NEW YORK (Reuters) - Actress and liberal activist Cynthia Nixon, one of the stars of the hit television series "Sex and the City," announced on Monday she would run for governor of New York, challenging incumbent Andrew Cuomo for the Democratic nomination.


U.S. SEC awards Merrill Lynch whistleblowers a record $83 million

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has awarded a record $83 million to three whistleblowers tied to a 2016 settlement with Bank of America Corp’s Merrill Lynch...

How church corruption funded iconic art

The Renaissance papacy was a double-edged sword with the Catholic Church selling indulgences to fund the extravagance of its leaders as well as some of the most important art ever created. Watch "Pope: The Most Powerful Man in History," Sundays at 10 p.m. ET/PT.


British wind power output hits record

LONDON (Reuters) - Power generation from Britain's wind farms hit a record 14.2 gigawatts (GW) on March 17, National Grid said on Monday.

4th nor'easter in 3 weeks to hit Northeast

Spring begins Tuesday, but winter isn't ready to retire just yet.


Trip wire may have set off latest bomb in Austin, wounding two

AUSTIN, Texas (Reuters) - Two men on bicycles were wounded after a bomb exploded, possibly detonated by a trip wire, police said on Monday, as authorities continued to investigate three parcel bombs that killed two people earlier this month in the Texas capital.


ECB, BOJ seen holding rates as Fed plows ahead: Bank of America Merrill Lynch

NEW YORK (Reuters) - The European Central Bank and Bank of Japan are about three years behind the Federal Reserve in policy normalization as inflation in Europe and Japan will likely stay below their...


GLOBAL MARKETS-Stocks on longest slide since November as Fed caution hits

* MSCI world stocks index down for fifth day as Asia, Europe wilt


BRIEF-22nd Century ‍CEO Henry Sicignano To Discuss FDA's Nicotine Reduction Plan With Institutional Investors



Your Money: Perks galore rule the new economy of babysitting

(The writer is a Reuters contributor. The opinions expressed are his own.)

Congress' to-do list this week: Avert a shutdown, war debate vote

Congress is expected to vote on a massive $1.3 trillion spending package this week that keeps all of the government funded, but what controversial policy riders tucked inside are the thing to watch?

New York City

New York Today: New York Today: The Evolution of the Apartment

Monday: A history of city living, the Socially Relevant film festival, and researching your apartment.


BRIEF-Claire's To Implement Balance Sheet Restructuring Supported By Holders Of Substantial Majority Of Co's Funded Debt



Societe Generale hopes for resolution to Libor, Libya inquiries within weeks

PARIS (Reuters) - Societe Generale SA said on Monday that it hoped to resolve "within weeks" U.S. investigations into alleged Libor rigging and transactions made by the French bank involving Libyan counterparts.

Trump's weekend of assaults on Mueller's probe pushed DC closer to the major crisis of governance that may unfold if he fires the special counsel

Fourth winter storm in 3 weeks to hit East Coast

Spring begins Tuesday, but winter isn't ready to retire just yet.

Education (K-12)

For New Schools Chancellor, New York City Is a Big Leap

Richard Carranza will lead the country’s biggest school district after a stint in Houston so brief that his record is hard to judge.


Top executive resigns from Cohen's Point72 after lawsuit, fundraising

(Reuters) - Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for billionaire Steven Cohen's investment firm said on Sunday, as the company and Haynes face a lawsuit claiming women are subject to a hostile working environment.


RPT-Wall St Week Ahead-Wall Street's tech love affair might end in tears

SAN FRANCISCO, March 16 (Reuters) - Outsized returns delivered by, Netflix and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn.


Incoming Slovak PM expects to name new ministers in coming week

BRATISLAVA (Reuters) - Slovakia's ruling coalition aims to select new ministers this week, incoming Prime Minister Peter Pellegrini said on Sunday as the government seeks to navigate its way through a political crisis sparked by the murder of a journalist.

Cambridge Analytica, McCabe, F.I.U.: Your Weekend Briefing

Here’s what you need to know about the week’s top stories.

Pennsylvania man and missing teen are found in Mexico 2 weeks later

Nearly two weeks after a 16-year-old Pennsylvania girl vanished with a 45-year-old man, the pair was found Saturday in Mexico and the man was arrested, authorities say.


Thousands of Australian homes without power after cyclone hits

SYDNEY (Reuters) - About 25,000 homes were without power on Sunday in Australia's northern city of Darwin after a tropical cyclone felled trees, canceled flights, closed schools and delayed shipping.


Residents flee flames as fires hits Australia's east

SYDNEY (Reuters) - Fires forced residents to flee to basketball stadiums and community centers in the state of Victoria on Sunday as dry, hot and windy weather moved across Australia's southeast.


Walmart worker tips police to arms cache in New York college town

NEW YORK (Reuters) - Authorities alerted by a Walmart worker arrested a former Cornell University student accused of stockpiling a semi-automatic rifle, more than 300 rounds of ammunition, bomb-making materials and other deadly devices at his apartment near the upstate New York elite school.

Social Media

Opinion: Grab a Pillow: Weekend Reads From Opinion

Catch up on some of our favorite recent pieces.


Warriors Durant to miss two weeks with rib fracture

(Reuters) - Golden State Warriors forward Kevin Durant will miss at least two weeks of the NBA season after an MRI on Friday revealed a fractured rib in the latest injury setback for the shorthanded defending champions.

United States Defense and Military Forces

2 New York City Firefighters Killed in Iraq Helicopter Crash

The crash of an American military helicopter killed seven service members, including the two firefighters attached to an Air National Guard unit.

United Airlines flight diverted after third pet incident in a week

Already under scrutiny about a dog dying in an overhead bin and another dog being accidentally sent to Japan, United Airlines on Friday acknowledged its third animal-related mistake in a week.


Microsoft hits back at claims it ignored sexual harassment

SAN FRANCISCO (Reuters) - A senior executive said Microsoft Corp thoroughly investigates issues raised by women in the workplace and fired about 20 employees last year over complaints of sexual harassment as the company seeks to counter claims that it treats female workers unfairly.


Merrill Lynch keeps approach despite U.S. fiduciary rule changes: memo

NEW YORK (Reuters) - The head of Bank of America's Merrill Lynch wealth management said the firm remains committed to its approach in light of an appeals court's decision to overturn an Obama-era...


Wall Street advances on strong industrial data but posts weekly losses

NEW YORK (Reuters) - The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street's major indexes posted losses for the week.


F.A.A. Halts All ‘Doors-Off’ Helicopter Flights After New York Crash

Following a crash that killed five passengers in New York City, the Federal Aviation Administration ordered an immediate stop to the flights nationwide.


Caterpillar's latest restructuring move could cut 880 jobs

CHICAGO (Reuters) - Caterpillar Inc will close two facilities in Texas and Panama and is also considering shutting its engine manufacturing plant in Illinois as part of a strategy to boost profitability and better handle business cycles, but the move could cut 880 jobs.


New Banksy Mural in New York Protests Turkish Artist’s Imprisonment

Banksy’s latest work, a 70-foot-long piece at Houston and Bowery, honors the artist Zehra Dogan, who was jailed for painting Turkish ruins.


Five New York doctors charged with taking kickbacks from Insys

March 16 (Reuters) - Federal prosecutors have charged five New York doctors with taking kickbacks from Insys Therapeutics Inc in exchange for prescribing the company's potent spray version of the opioid drug fentanyl.


U.S. drillers add oil rigs for 7th week in eight -Baker Hughes

March 16 (Reuters) - U.S. energy companies added oil rigs for the seventh time in the last eight weeks on expectations crude prices in 2018 will top 2017, prompting more drillers to boost spending plans for this year. Drillers added four oil rigs in the week to March 16, bringing the total count to 800, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future o


Under scrutiny, New York Fed sets short list for Dudley successor

NEW YORK (Reuters) - The Federal Reserve Bank of New York is considering a "handful" of candidates for what is seen as the second most influential job at the U.S. central bank, its directors said on Friday, as political pressure mounts to choose someone who breaks with past precedent.


Louise Slaughter, longtime progressive New York congresswoman, dies at 88

WASHINGTON (Reuters) - Democratic U.S. Representative Louise Slaughter, a Kentucky blacksmith's daughter who became a leading progressive voice in Congress from New York, died early on Friday, her chief of staff said. She was 88.


South Africa hits fallen Zuma with arms deal corruption charges

PRETORIA (Reuters) - Former South African president Jacob Zuma is to face corruption charges over a $2.5 billion arms deal, prosecutors said, as a years-old scandal returned to haunt him within weeks of his fall from power.


After pay vote, Disney investors question Iger's rich deal

BOSTON (Reuters) - Walt Disney Co Chairman and Chief Executive Robert Iger stands to earn up to $423 million over four years, according to a new analysis of a compensation package rejected by shareholders, and some investors want to raise the bar on his performance targets.

New York City

New York Today: New York Today: The Journey of an Irish Bar Owner

Friday: A bartender on immigration reform, St. Patrick’s Day celebrations, and the CareForce One Travelogues.


A decade later, three lessons from the financial crisis

(The writer is a Reuters contributor. The opinions expressed are his own.)


Trade body urges EU to scrap changes to supervision of funds

LONDON (Reuters) - A major revamp of how investment funds are managed and regulated in Europe appears to be aimed at taking business from Britain and should be scrapped as there is no evidence it is...


Britain, EU may reach 'provisional' Brexit transition deal next week: source

BRUSSELS (Reuters) - Britain and the European Union could agree a "provisional" deal next week on a post-Brexit transition period, a senior Brussels diplomat said on Friday, stressing that this will only happen if London and the bloc resolve all divorce matters first.


State Street's Kumar wants answers on shareholder rights

BOSTON (Reuters) - State Street Corp wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said,...


M&A livens up European equity trading as STOXX heads for weekly loss

LONDON, March 16 (Reuters) - European shares saw a muted start to trading on Friday, with exchange delays hampering trade in German equities, though NEX Group was a big mover after a takeover offer.

Kimmel, Jimmy

Best of Late Night: Jimmy Kimmel Pitches for Stormy Daniels’s Legal Fund

Kimmel said, “Now you can give money to a porn star — just like the president of the United States.”

What latest subpoena says about Mueller's investigation

Anderson Cooper hosts a panel discussion on special counsel Robert Mueller's decision to subpoena the Trump Organization for business documents.

The latest bombshell: Mueller has subpoenaed Trump Organization records, including some about Russia

If President Vladimir Putin's aim was to become the most incendiary, corrosive influence on American politics, he succeeded spectacularly.


Donald Trump Jr.'s wife files for divorce in New York

WASHINGTON/NEW YORK (Reuters) - The wife of Donald Trump Jr., the eldest son of U.S. President Donald Trump, has filed for divorce in New York, according to court records.


U.S. appeals court voids Obama-era 'fiduciary rule'

(Reuters) - A federal appeals court on Thursday voided the U.S. Department of Labor's "fiduciary rule," an Obama administration measure adopted in 2016 meant to curb conflicts of interest among...


Legal battle over Credit Suisse 'volatility' product expands to second firm

NEW YORK (Reuters) - The legal fight over a complex Credit Suisse financial instrument betting on stock market swings is expanding, with a new lawsuit targeting one of the product's service providers.


U.S.-based stock funds attract $20.4 billion in 'Goldilocks' week: Lipper

NEW YORK (Reuters) - U.S. investors' appetite for risk-taking renewed in the week ending Wednesday, with U.S.-based stock funds attracting $20.4 billion, the largest inflows since late January,...


Art Review: Asia Week’s Rare and Unusual Objects for Art Lovers and Collectors

From Chinese triskelions to Japanese bamboo treasures, Korean vases to Taiwanese calligraphy, treasures you may never see again.


Spotify touts growth over profits in listing pitch to retail investors

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify used its cultural cool factor to appeal to mom-and-pop investors in an unconventional presentation ahead of its April 3 stock market listing.


New York fund manager pleads guilty to Ponzi scheme charges

NEW YORK (Reuters) - A New York hedge fund manager on Thursday pleaded guilty to federal charges that he defrauded investors through a nearly $22 million Ponzi scheme.


U.S. muni bond funds post $339.1 million in inflows: Lipper

(Reuters) - U.S. municipal bond funds reported $339.1 million of net inflows in the week ended March 14, compared with $406.8 million in inflows in the previous week, according to data released by...


GLOBAL MARKETS-Investors flock to safe-haven bonds; stocks end mixed

NEW YORK, March 15 (Reuters) - The S&P 500 edged slightly lower on Thursday, in its first four-day losing streak of 2018, while global political tensions kept demand high for safe-haven government bonds on both sides of the Atlantic.


U.S. judge says AT&T-Time Warner merger trial may last 8 weeks

WASHINGTON (Reuters) - U.S. District Judge Richard Leon said on Thursday a trial to decide if AT&T's $85 billion acquisition of Time Warner Inc is legal under U.S. antitrust law may last six to eight weeks, significantly longer than previously forecast.


Spotify shuns traditional IPO, pitches growth to retail investors

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to retail investors its growth plans and how it aims to fend off big rivals Apple Inc and Inc ahead of an unusual April 3 listing.


Chirlane McCray, New York’s First Lady, Steps Out of the Mayor’s Shadow

Mayor de Blasio’s wife, Chirlane McCray, has raised her profile in New York and beyond, boosting her husband as she mulls her own run for office.


U.S. hits Russians with sanctions for election meddling, cyber attacks

WASHINGTON (Reuters) - The United States on Thursday took its most notable action against Russia since Donald Trump became president, slapping sanctions on a group of Russian individuals and entities, including Moscow's intelligence services, for meddling in the 2016 U.S. election and malicious cyber attacks.

Books and Literature

Editors’ Choice: 5 New Books We Recommend This Week

Suggested reading from critics and editors at The New York Times.


White House seeks to make personal income tax cut permanent

WASHINGTON (Reuters) - The Trump administration and Republicans in Congress are seeking to make temporary personal income tax cuts passed last year permanent, White House spokesman Raj Shah said on...


French regulator asks UK funds about Brexit plans

LONDON (Reuters) - The French financial markets regulator said on Thursday it had written to UK-based investment firms active in France and French firms with UK clients to ask about their...


U.S. three-month LIBOR/OIS spread widens beyond 50 bps

NEW YORK (Reuters) - A gauge of stress in the U.S. money markets grew to its highest level in more than six years on Thursday, bolstering the risk of further increase in the costs for banks and other...


JPMorgan to launch umbrella bond index covering all sectors

LONDON (Reuters) - JPMorgan will launch a new overall bond index on Thursday that will unify all of the bank's flagship bond indexes that cater to specific areas such as government bonds and emerging...


U.S. takes more time to decide on New York denial for Constitution natural gas pipeline

(Reuters) - U.S. federal energy regulators gave themselves more time to decide whether to rehear their earlier order upholding New York's denial of a water permit for Williams Cos Inc's Constitution natural gas pipeline from Pennsylvania to New York.


Swiss parliament rejects call to return 1MDB profits to Malaysia

ZURICH (Reuters) - Switzerland's parliament rejected on Thursday a bid to amend the law handling ill-gotten bank profits seized by authorities that had aimed to return more than $100 million linked...


Uber to share its London data in latest charm offensive

LONDON (Reuters) - Uber [UBER.UL] said on Thursday it will share data gathered from the millions of trips its cars make in London in the latest move to meet requests from the city's regulator, which stripped the taxi app of its license last year.


How bitcoin IRA investments bypass U.S. fiduciary protections

(The opinions expressed here are those of the author, a columnist for Reuters.)


Saudi Arabia picks Citi, Goldman, HSBC, Morgan Stanley for new bond: sources

DUBAI (Reuters) - Saudi Arabia has selected Citi, Goldman Sachs, HSBC and Morgan Stanley as the main banks that will arrange its next U.S. dollar bond issue, sources familiar with the matter said.

Toy superstore is just the latest nostalgic retailer to die

New York City

New York Today: New York Today: The City’s Claim to Shakespeare

Thursday: Signs of Shakespeare in the city, race and the #MeToo movement, and literary leftovers.


India eying Boeing's Super Hornet in latest twist to air force procurement

NEW DELHI/SINGAPORE (Reuters) - Boeing Co, considered the frontrunner in the race to supply the Indian navy with new fighter jets, is now in contention for a much bigger $15 billion order after the government abruptly asked the air force to consider the twin-engine planes.


Investors still in love with growth stocks risk losing out on value

NEW YORK (Reuters) - A long rally in technology stocks has left investors thirsting for more, but that could be a mistake as the strengthening U.S. economy points to better value in other stocks.


Credit Suisse sued over U.S. 'volatility' product losses

NEW YORK (Reuters) - An investor sued Credit Suisse on Wednesday, alleging that misstatements about a complex product betting on stock market swings led to losses for people who bought in at...

Stormy Daniels crowdfunding her legal fees in suit against Trump

The porn star suing President Donald Trump is using a crowdfunding effort to cover her legal fees and other related expenses.


BRIEF-Sir Royalty Income Fund Reports Qtrly Net Earnings For Fund $0.28 Per Fund Unit



U.S. money market assets decreased in latest week-iMoneyNet

NEW YORK (Reuters) - U.S. money market fund assets decreased by $5.36 billion to $2.807 trillion in the week ended March 13, the Money Fund Report said on Wednesday.


Fund figures show investors retreated from U.S. stocks on tariff news

By Trevor Hunnicutt NEW YORK, March 14 (Reuters) - U.S. fund investors withdrew billions from domestic stocks during the equity market's tariff tantrum, the Investment Company Institute (ICI) said on Wednesday, adding turbulence to a market that has shed its carefree attitude. Some $11 billion was liquidated from U.S.-based domestic stock mutual funds and exchange-traded funds (ETFs) during the seven days ended March 7, according to the trade group, as U.S. President Donald Trump ann


Your Money: New U.S. gift tax strategies could alter giving

NEW YORK (Reuters) - Get a big check from a wealthy great aunt every year for your birthday? Parents buying you a car? Grandparents paying for private school tuition?


Goldman sees U.S. dollar weakness persisting in 2018

NEW YORK (Reuters) - Goldman Sachs said on Wednesday it continues to expect broad weakness in the U.S. dollar and outperformance by emerging market currencies in 2018 amid investors' concerns about...


Oil majors give in to investors with share buyback spree

(Reuters) - After almost three barren years for investors who have poured millions into the U.S. oil sector, producers are finally opening the floodgates to a wave of share buybacks that will return money to shareholders this year.


How to save twice with the saver's credit

(The opinions expressed here are those of the author, a columnist for Reuters.)


BlackRock overweight local currency EM debt, sees buffer in spreads

LONDON (Reuters) - BlackRock is overweight local currency emerging market debt, seeing a potential for positive returns and a buffer in spreads as U.S. interest rates rise, Sergio Trigo Paz, the...


Brexit the biggest short-term risk: BlackRock's Thiel

LONDON (Reuters) - Talks on Britain's withdrawal of the European Union pose the biggest short-term risk to European financial markets, BlackRock's deputy chief investment officer for fixed income...


Chinese investors want relaxed rules for tech IPOs: exchange

SHANGHAI (Reuters) - Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the Shenzhen Stock Exchange said on Wednesday, citing a recent survey.

New York City

New York Today: New York Today: Students in Solidarity Over Gun Violence

Wednesday: A nationwide walkout over gun violence, nippy weather and Pi Day.