By Ann Saphir (Reuters) -U.S. Federal Reserve Chair Jerome Powell is scheduled to give his semiannual testimony on monetary policy on July 9 at the Senate Banking Committee, the office of Senator Sherrod Brown, the committee’s chair, said on Monday. If scheduling proceeds as it has historically, Powell would deliver the same testimony at the…
NEW YORK (Reuters) – Donald Trump became the first U.S. president to be convicted of a crime on Thursday when a New York jury found him guilty of falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. After deliberations over two days, the 12-member jury announced it…
(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) – Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether’s lead as the world’s most valuable company, after partners Dell and Super Micro Computer received server orders for Elon Musk’s AI startup. Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add more than…
By Jonathan Stempel (Reuters) – PacifiCorp, a utility owned by Warren Buffett’s Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern California. The settlement announced on Monday resolves substantially all individual claims in northern California related to the Slater…
By Andy Home LONDON (Reuters) -The commodities super cycle is back with a vengeance if copper’s performance since the start of the month is anything to go by. London Metal Exchange (LME) three-month copper touched $9,640.50 per metric ton on Monday, its highest trade since June 2022. The Friday announcement of new U.S. and UK…
