S&P 500 limps to barely decrease shut as quarter-end looms

US economic system contracted in Q1; client spending revised decrease Common Mills rises as gross sales beat on greater costs Mattress Tub & Past replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session barely down on Wednesday as … Read more

Giant US legislation companies largely quiet on abortion ruling, are strolling a ‘tightrope’

June 26 (Reuters) – The most important US legislation companies didn’t take a public stance following the U.S. Supreme Courtroom’s reversal of Roe v. Wade on Friday, diverging from the strategy of some main firms which have made statements on the intently watched abortion case. The excessive court docket’s 6-3 Dobbs determination upheld a Republican-backed … Read more

Credit score Suisse discovered responsible in cocaine money laundering case

Credit score Suisse first main Swiss financial institution to face felony trial Former banker discovered responsible of certified cash laundering Financial institution plans to enchantment BELLINZONA, Switzerland, June 27 (Reuters) – Credit score Suisse (CSGN.S) was convicted by Switzerland’s Federal Prison Courtroom on Monday of failing to forestall money-laundering by a Bulgarian cocaine trafficking gang … Read more

US bans gross sales of Juul e-cigarettes, firm to hunt keep on enforcement

June 23 (Reuters) – Gross sales of Juul e-cigarettes have been blocked by the U.S. Meals and Drug Administration on Thursday, in a significant blow to the as soon as high-flying agency whose merchandise have been tied to a surge in teenage vaping. The company mentioned the functions “lacked ample proof” to indicate that sale … Read more