(Reuters) -TWFG disclosed a nearly 27% jump in annual net profit on Monday, as the insurer revealed the paperwork for its initial public offering in the United States. The U.S. IPO market has seen an uptick in 2024, after a nearly two-year dry spell, as expectations of a soft landing for the economy encourage companies…
(Reuters) – The United States “will do what is necessary” to see that the Philippines is able to resupply a ship on the Second Thomas Shoal that Manila uses to reinforce its claims to the atoll, White House national security adviser Jake Sullivan said on Friday. Sullivan said the U.S. would prefer that the Philippines…
By Harry Robertson LONDON (Reuters) -European shares and U.S. stock futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2%, while the dollar regained ground against the yen. There was little major reaction to data showing the U.S. personal consumption expenditures index, the Federal Reserve’s preferred measure…
By Jonathan Stempel (Reuters) – LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft unit of overcharging advertisers by inflating how many people watched video ads on its platform. A preliminary settlement was filed late Thursday in San Jose, California federal court, and requires approval by U.S. Magistrate Judge…
By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court on Friday upheld the decision of the Federal Communications Commission to approve a SpaceX plan to deploy thousands of Starlink satellites to provide space-based broadband internet service. The U.S. Court of Appeals for the District of Columbia rejected a legal challenge from DISH Network and…
(Reuters) – Social media platform X’s lawsuit against media watchdog group Media Matters will head to trial on April 7, 2025, a U.S. District judge ordered on Thursday. X, which is owned by billionaire Elon Musk, sued Media Matters in November, accusing the group of defamation after it published a report that said ads had…
(Reuters) – Short video app TikTok has taken measures to stop a cyberattack targeting several brand and celebrity accounts, including news network CNN, a spokesperson for the company said on Tuesday. “We have been collaborating closely with CNN to restore account access and implement enhanced security measures to safeguard their account moving forward,” the spokesperson…
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) -Wall Street’s main indexes were set for a lackluster open on Wednesday as investors kept to the sidelines ahead of AI chip leader Nvidia’s quarterly results and the Federal Reserve’s policy meeting minutes later in the day. All eyes will be on whether semiconductor bellwether Nvidia’s first-quarter…
LAS VEGAS (Reuters) – Albemarle, the world’s largest lithium producer, is concerned about current prices for the metal used to make electric vehicle batteries but believes long-term demand will remain strong, an executive said on Tuesday. The company, which operates across the Americas, Asia and Australia, cut staff and paused expansion projects in January after…
By Jonathan Stempel (Reuters) – The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday. U.S. District Judge William Martini in Newark, New Jersey, said that while Gene…
