NEW YORK (Reuters) -A former Coinbase Global Inc product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurrency, his defense lawyer said in a court hearing. Ishan Wahi, 30, pleaded guilty to two counts of conspiracy to commit wire fraud, after initially pleading not guilty last …
Ex-Coinbase manager pleads guilty in insider trading case Read More »
(Reuters) – Australian health insurer Medibank Private Ltd said on Tuesday a class action suit had been filed against it over last year’s cybercrime incident that compromised personal information of 10 million current and former customers. The proceedings were filed in an Australian court by law firm Baker & McKenzie, representing current and former Medibank …
Australia’s Medibank slapped with class action over cyber incident Read More »
By Medha Singh (Reuters) -Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver of growth. The viral success of ChatGPT has turned the spotlight on AI on Wall Street, reminiscent of the blockchain hype …
Retail investors flock to small-cap AI firms as Big Tech battles for share Read More »
By Chibuike Oguh NEW YORK (Reuters) – The investment arm of insurance giant Metlife Inc said on Tuesday it had agreed to acquire Raven Capital Management, a U.S. private credit manager with $2.1 billion in assets under management. Raven would operate as a private credit division under Metlife Investment Management (MIM), Nancy Mueller Handal, MIM’s global …
Metlife’s investment arm agrees to acquire Raven Capital Management Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened in December, reversing half of the prior month’s sharp contraction, as imports rebounded and exports of goods dropped to a 10-month low amid cooling global demand and declining crude oil prices. The trade deficit increased 10.5% to $67.4 billion, the Commerce Department said on …
U.S. trade deficit widens; goods exports at 10-month low Read More »
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada posted a C$160 million ($119.1 million) trade deficit in December as energy products dragged down exports and slowed economic growth weighed on consumer goods imports, data showed on Tuesday. The deficit was better than analysts’ expectation for a C$500 million deficit, and was smaller than November’s …
Canada posts Dec trade deficit as energy prices fall, economy slows Read More »
By Orhan Coskun and Birsen Altayli ANKARA (Reuters) – Turkey’s deadliest earthquake in a generation has handed President Tayyip Erdogan a huge rescue and reconstruction challenge which will overshadow the run-up to May elections already set to be the toughest of his two decades in power. A day after the quake struck, killing more than …
Analysis-Turkey’s quake response could shape tough election for Erdogan Read More »
By Milana Vinn (Reuters) – Marc Teillon, the co-head of the Vista Equity Partners Management LLC’s private equity funds that focus on middle-market investments, is leaving the firm to pursue other opportunities, according to people familiar with the matter. The departure adds to a string of senior dealmaker exits at the business software-focused buyout firm …
Vista Equity’s middle-market co-head to exit-sources Read More »
(Reuters) – A federal appeals court has upheld the imposition of higher steel tariffs on some imported steel products, rejecting the claim that the Trump administration missed deadlines to impose them. Tuesday’s decision by the U.S. Federal Circuit Court of Appeals in Washington, D.C. covers imports of steel derivatives, such as nails and fasteners, and …
U.S. appeals court allows higher tariffs on imported steel products Read More »
By Lindsay Dunsmuir and Howard Schneider (Reuters) -Federal Reserve policymakers have begun to take stock of an unexpectedly strong January jobs report, with Fed Chair Jerome Powell to face questions later on Tuesday on whether it has shaken his confidence that high inflation will come down without harsher steps by the U.S. central bank to …
Fed officials reassess after ‘surprising’ jobs report, Powell to speak Read More »
