Yahoo FinanceDiscover Makes a Big Announcement for Its 2023 Cash Back Calendar
The first quarter bonus categories are here, but categories won't be rolled out all at once anymore.
The first quarter bonus categories are here, but categories won't be rolled out all at once anymore.
LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices. The complaint filed Wednesday in U.S. District Court in Las Vegas alleges that casino giants MGM Resorts International and Caesars Entertainment, along with Treasure Island and Wynn Resorts, share information with a company that used pricing
NEW YORK (Reuters) -A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap. The S&P 500 energy sector is up 4.2% year-to-date, slightly lagging the rise for the broader index. The sector logged a 59% jump in 2022, an otherwise brutal year for stocks that saw the S&P 500 drop 19.4%.
U.S. prosecutors on Friday asked a Manhattan judge to impose tougher bail conditions on Sam Bankman-Fried, expressing concern that the founder of the FTX cryptocurrency exchange might tamper with witnesses or destroy evidence in his criminal case. Citing Bankman-Fried's "recent attempts to contact prospective witnesses," prosecutors asked U.S. District Judge Lewis Kaplan to ban Bankman-Fried from communicating with current or former employees of FTX or his Alameda Research hedge fund, other than family, unless a lawyer is present. They also asked that Bankman-Fried not use Signal or other encrypted call and messaging applications, though he could still communicate through text messages, email and the phone.
The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, three sources with knowledge of the inquiry told Reuters. The SEC has been questioning advisers' efforts to follow the agency's rules around custody of clients' digital assets for several months, but the probe has gathered pace in the wake of the blow-up of crypto exchange FTX, the sources said. Advisers managing clients' digital assets typically use a third party to store them.
PARIS (Reuters) -A record-breaking run in the shares of French luxury goods group LVMH halted briefly on Friday after the company's fourth quarter sales update prompted some disappointment over the impact of China disruption on its margins. The company, which owns dozens of high-end labels including fashion houses Louis Vuitton and Dior, late on Thursday reported that its sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the holiday season, helping partly to offset COVID-19 disruptions in China. "The slight wrinkle is on the margin, where the group delivered a flat operating margin year-on-year (versus consensus of +90 bps) – largely a reflection of maintaining/raising H2 marketing spend despite disrupted revenue growth," Credit Suisse analysts wrote in a note.
Tiff Macklem's decision to press pause offers rich world a 'glimpse' of where monetary policy is headed
TOKYO (Reuters) -Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said. The 66-year-old Toyoda on Thursday announced he would step aside as leader of the company his grandfather founded from April 1 to take the role of chairman. In recent years Toyota has become a target of activists and green investors who had once heralded its hybrid technology, but who now slate its belated embrace of electric vehicles (EVs).
VANCOUVER — Canfor Corporation says as many as 157 employees face layoffs in one northern British Columbia town, but the company says it's too early to estimate job losses in a second community as the forest products firm restructures its B.C. operations. Canfor announced Wednesday that it is permanently closing its sawmill and pellet plant in Chetwynd, west of Dawson Creek, and shuttering its sawmill in the Bulkley Valley town of Houston for an unspecified period while it builds a new facility
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WASHINGTON (Reuters) -Tesla Chief Executive Elon Musk met two top White House officials on Friday in Washington to discuss how the car maker and Democratic President Joe Biden could work together to advance electric vehicle production and speed electrification of U.S. vehicle networks. Musk met John Podesta, a Democratic stalwart who serves as Biden's senior adviser for clean energy innovation, and Mitch Landrieu, who oversees infrastructure spending, the White House said.
TOKYO (Reuters) -Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said. The 66-year-old Toyoda on Thursday announced he would step aside as leader of the company his grandfather founded from April 1 to take the role of chairman. In recent years Toyota has become a target of activists and green investors who had once heralded its hybrid technology, but who now slate its belated embrace of electric vehicles (EVs).
Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers. The request, made in a letter filed late Friday by U.S. Justice Department lawyers, prompted an indignant response from Bankman-Fried's lawyer, who accused prosecutors of twisting the facts to cast the FTX founder in a sinist
The troubled home goods retailer is preparing to file for Chapter 11 bankruptcy protection imminently, likely without a bidder in place for its assets including the valuable buybuy Baby chain, the report added. However, talks are ongoing and a buyer could still emerge, according to the report. "As we consider all paths and strategic alternatives, we continue to work with our advisors and implement actions to manage our business as efficiently as possible," the company said in an emailed statement.
Morgan Stanley's infrastructure investment arm informed the board of German renewables firm PNE AG that it is no longer pursuing talks with potential buyers of Photon's PNE stake, PNE said in an adhoc statement on Friday. Morgan Stanley Infrastructure Partners (MSIP) which acquired the PNE stake following a failed takeover attempt in 2020, was weighing a sale last October, Reuters reported at the time. Photon, which is controlled by Morgan Stanley, is PNE's largest shareholder.
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Salesforce Inc on Friday named three new board directors, including the chief of hedge fund ValueAct Capital, amid pressure from activist investors for better cost control and a management shakeup at the cloud-based software firm. The company appointed the chief executive of hedge fund ValueAct Capital, Mason Morfit, Mastercard finance chief Sachin Mehra and former chief executive of Carnival Corp Arnold Donald to its board. However, the appointments also come as the company has been facing pressure publicly and privately from four prominent activist investment firms.
TORONTO — Canada's main stock index was largely unchanged on the last trading day of the week, with mixed results across sectors, while U.S. markets were up, led by the Nasdaq. The S&P/TSX composite index was up 13.98 points at 20,714.48. In New York, the Dow Jones industrial average was up 28.67 points at 33,978.08. The S&P 500 index was up 10.13 points at 4,070.56, while the Nasdaq composite was up 109.30 points at 11,621.71. A big market driver this year is the question of whether central ban
Be cautious before entering into an agreement to chip away at your home equity
German arms maker Rheinmetall had a record year in 2022 and is approaching an order backlog of 30 billion euros, CEO Armin Papperger told Reuters in an interview. "We are approaching an order backlog of 30 billion euros, and I expect to see an order backlog of 40 billion euros next year," said the CEO of the company, which sells a whole range of defence products but is probably most famous for supplying the 120mm gun of the Leopard 2 tank. Papperger said he expected to see at least 15% to 20% growth in Rheinmetall's defence division over the coming years, with the civilian business likely to account for only 20% of sales in 2025.
VANCOUVER — More than 100 workers in Port Alberni are the latest forest industry employees to face layoffs as Western Forest Products confirms it will not restart its sawmill in that Vancouver Island city. The Alberni-Pacific Division facility has been closed since last fall, but the curtailment was only expected to last for six months, unless market conditions changed. Western Forest Products announced Thursday that the mill will not restart "in its current configuration" and says a group, incl