NEW YORK, March 31 (Reuters) – Elon Musk asked a US judge on Friday to drop a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filed in Manhattan federal court, attorneys for Musk and his electric car company Tesla Inc (TSLA.O) called the lawsuit … Read more
WASHINGTON, March 31 (Reuters) – The US government on Friday announced a lower-than-expected average cut of 1.1% in 2024 for health insurers offering coverage through the Medicare Advantage program, driving share of the largest players in the market increases. It improved the rates it would pay to insurers after backlash from the industry, which claimed … Read more
March 31 (Reuters) – Apple Inc (AAPL.O) on Friday convinced a US appeals court to overturn a $502 million judgment for patent licensing company VirnetX Inc (VHC.N) in a long-running battle over internet privacy technology. The US Court of Appeals for the Federal Circuit said the verdict could not stand after the US Patent Trial … Read more
WASHINGTON, March 31 (Reuters) – Four major US mobile carriers told the Federal Communications Commission (FCC) late Friday that they had agreed to a number of voluntary actions to address aviation safety concerns and allow full use of the C-Band wireless spectrum for 5G use. “These voluntary commitments support full-power deployments in the C-Band and … Read more
WASHINGTON, March 31 (Reuters) – A new $2.6 billion military aid package from the US, which could include aerial surveillance radars, anti-tank missiles and fuel trucks for Ukraine’s fight against Russia, is expected to be announced as soon as Monday, they said three US officials on Friday. Half a dozen ammunition types, including tank ammunition, … Read more
WASHINGTON, March 31 (Reuters) – The US Treasury Department on Friday unveiled stricter electric vehicle tax rules that will reduce or eliminate tax credits on some zero-emission models but give buyers another two weeks before the new requirements take effect. The rules are designed to wean the United States from reliance on China for EV … Read more
March 31 (Reuters) – Canada on Friday approved Rogers Communications Inc’s acquisition of Shaw Communications for C$20 billion ($14.8 billion) after making binding commitments to pay financial penalties if the company fails to deliver new create jobs and invest to expand its network. The latest nod from Minister of Innovation, Science and Industry François-Philippe Champagne … Read more
February PCE growth slows S&P 500 poised for second quarter in a row Indexes up: Dow 0.8%, S&P 0.9%, Nasdaq 1.3% NEW YORK, March 31 (Reuters) – The Nasdaq was set to post its biggest quarterly gain since June 2020, with US stocks moving higher on Friday as signs of cooling inflation bolstered hopes that … Read more
WASHINGTON, March 31 (Reuters) – The International Monetary Fund said on Friday its board of directors approved a four-year, $15.6 billion loan program for Ukraine, part of a broader $115 billion international support package to help the country meet the urgent financing needs in its struggle The 13-month-old invasion of Russia. The decision paves the … Read more
US inflation cools in February Two-year US Treasury yields post their biggest monthly decline since 2008 S&P 500 on track for back-to-back quarterly gains NEW YORK, March 31 (Reuters) – A measure of global stocks was poised to make its biggest weekly percentage increase in two months on Friday. data fueled hopes that the Federal … Read more
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