Japan's business services inflation slows in June
TOKYO Japan's business-to-business service inflation slowed in June, data showed on Wednesday, suggesting that companies remained slow in
2023-07-26 08:17
San Francisco’s Office Demand Surges, Largely Thanks to AI Companies
The worst of San Francisco’s office pain is showing signs of easing. Demand for offices in the city
2023-07-26 07:59
US charges British billionaire Joe Lewis with insider trading
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -Joe Lewis, the British billionaire and owner of the Tottenham Hotspur
2023-07-26 07:47
Tottenham owner Joe Lewis indicted in the US for ‘brazen insider trading scheme’
Tottenham owner Joe Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”, a US attorney said. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “Today I’m announcing that my office, the Southern District of New York, has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme. “We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. “Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing.” Mr Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers. “That’s classic corporate corruption. It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. “That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.” Lewis, 86, is the founder and primary investor of Bahamas-based investment firm Tavistock Group. He bought a controlling stake in the Premier League club from Lord Sugar in 2001 for £22million.
2023-07-26 07:45
Puerto Rican bank sues NY Fed for suspending account in Venezuela-linked crackdown
By Luc Cohen NEW YORK The New York Federal Reserve was sued on Tuesday by a Puerto Rican
2023-07-26 07:28
Senators propose banning stock trades for US Congress, president
WASHINGTON Members of the U.S. Congress, the president, vice president and senior executive branch officials and their relatives
2023-07-26 07:27
Visa Card Spending Tops Estimates With Strong Travel Demand
Visa Inc. reported card-spending growth that was more robust than Wall Street expected as consumer demand for travel
2023-07-26 07:18
Anthropic’s Amodei Warns US Senators of AI-Powered Weapons
A CEO whose company says its artificial intelligence products are tools “that people can rely on” warned senators
2023-07-26 06:57
Senate Targets US Investments in China Through Key Defense Bill
The Senate attached a measure to the annual defense policy bill that would subject some US investments in
2023-07-26 06:56
Microsoft, Google beat earnings expectations amid AI frenzy
Tech titans Google and Microsoft announced better then expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a...
2023-07-26 06:54
Asian Stocks Set for Muted Open Before Fed Meeting: Markets Wrap
Asian markets are likely to be subdued Wednesday as investors await the Federal Reserve’s rate decision, with equity
2023-07-26 06:49
FEC asked to investigate flower shop's $500,000 contribution to super PAC backing Suarez's 2024 bid
A government watchdog group is asking federal regulators to investigate a $500,000 contribution to a super PAC backing Miami Mayor Francis Suarez’s presidential bid by a shop selling artificial flowers
2023-07-26 06:23