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Categories Investing

FDIC sues 17 former Silicon Valley Bank executives, directors over collapse

January 17, 2025

By Jonathan Stempel (Reuters) – The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions

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Categories Investing

How a TikTok ban would work – and why user workarounds won’t

January 17, 2025

By Stephen Nellis, Max A. Cherney (Reuters) -Social media app TikTok, which is owned by China’s ByteDance, will be banned in the United

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Categories Investing

Senate Democrats ramp up pressure on Biden to delay TikTok ban

January 17, 2025

By David Shepardson WASHINGTON (Reuters) – A growing number of lawmakers are urging President Joe Biden to grant a reprieve to prevent TikTok

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Categories Investing

TikTok’s fight against going dark gains support from key US lawmakers

January 17, 2025

By David Shepardson WASHINGTON (Reuters) – TikTok’s fortunes took a positive turn on Thursday as a growing number of U.S. officials said its

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Categories Investing

SpaceX Starship prototype fails in space after Texas launch

January 17, 2025

By Joey Roulette WASHINGTON (Reuters) – A SpaceX Starship prototype failed in space on Thursday minutes after launching from its rocket facilities in

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Categories Investing

US FTC refers complaint about Snapchat use of AI chatbot to Justice Department

January 17, 2025

WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Thursday it has referred to the Justice Department a complaint against Snap

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Categories Investing

Colonial Pipeline expects Line 1 to restart earlier-than-expected on Friday

January 17, 2025

(Reuters) – Colonial Pipeline has made progress in identifying the source of a leak on its main gasoline artery and estimates Line

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Categories Investing

BP cuts over 5% of workforce to reduce costs

January 17, 2025

By Ron Bousso LONDON (Reuters) -BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray

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Categories Investing

Starbucks’ lead independent director Mellody Hobson to depart

January 16, 2025

(Reuters) – Coffee giant Starbucks (NASDAQ:SBUX) said on Thursday that Mellody Hobson, the lead independent director of the company’s board, will depart.

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Categories Investing

US appeals court lifts pause on generic version of Novartis’ Entresto

January 16, 2025

By Blake Brittain WASHINGTON – Drugmaker MSN Pharmaceuticals cleared another hurdle on Thursday toward launching its generic version of Novartis (SIX:NOVN)’

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Categories Investing

Lyft wins dismissal of shareholder lawsuit over earnings report error

January 16, 2025

(Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Lyft (NASDAQ:LYFT) of defrauding shareholders by waiting too long

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Categories Investing

FBI warns agents of call log thefts by hackers, Bloomberg News reports

January 16, 2025

(Reuters) – FBI leaders have warned that hackers who breached AT&T (NYSE:T)’s system last year likely stole months of agents’ call and

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Categories Investing

US streaming giants consider broadcasting wildfire relief concert, Bloomberg reports

January 16, 2025

Investing.com — Top streaming services in the US, including Netflix Inc. (NASDAQ:NFLX), Amazon.com Inc (NASDAQ:AMZN)., Walt Disney (NYSE:DIS) Co., Paramount

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Categories Investing

Rivian stock rises on DOE loan agreement for new Georgia site

January 16, 2025

Investing.com — Shares of Rivian Automotive Inc. (NASDAQ:RIVN) climbed 2.8% following the announcement that the electric vehicle manufacturer finalized a

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Categories Investing

Outgoing FDA chief flags online weight loss drug dangers

January 16, 2025

By Ahmed Aboulenein WASHINGTON (Reuters) – Current laws and regulations are not enough to protect Americans from the risks of compounded versions of

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Categories Investing

US FTC, Colorado sue property firm Greystar, alleging renters deceived by hidden fees

January 16, 2025

WASHINGTON (Reuters) – The U.S. Federal Trade Commission and the State of Colorado have filed a complaint against Greystar, a multi-family rental

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