NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures Trading Commission charges in connection with statements it made in connection with its bitcoin futures contract in 2017, a court filing showed on Monday. Gemini also agreed to a permanent injunction, according to the consent […]
US hits JetBlue with $2 million penalty over chronic flight delays
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes – the first time it has imposed such a fine on an airline for the prohibited scheduling practice. USDOT said on Friday that as part of a consent agreement […]
US jobs report poses first big stocks test of 2025
By Lewis Krauskopf NEW YORK (Reuters) – The stock market faces its first major test of the year in the coming week, with investors counting on the U.S. jobs report to show a stable but not overheated economy that underpins expectations for equity gains in 2025. Stocks wobbled at the end of December and the […]
PayPal accused of racial bias against Asian Americans in funding program
By Jonathan Stempel NEW YORK (Reuters) – PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital […]
SpaceX’s Starship to deploy mock satellites in next test
By Joey Roulette WASHINGTON (Reuters) -Elon Musk’s SpaceX said on Friday its upcoming Starship test flight would include the rocket’s first attempt to deploy payloads in space by releasing 10 model Starlink satellites, a key demonstration for Starship’s potential in the satellite launch market. “While in space, Starship will deploy 10 Starlink simulators, similar in […]
European drinks group skid after US surgeon general calls for cancer warnings
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic drinks should carry a label warning consumers about their cancer risks, U.S. Surgeon General Vivek Murthy said in an advisory, noting that their consumption increases the risk of developing breast, […]
US appeals court blocks Biden administration net neutrality rules
By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court ruled on Tuesday the Federal Communications Commission did not have the legal authority to reinstate landmark net neutrality rules. A three-judge panel of the Cincinnati-based 6th U.S. Circuit Court of Appeals said the FCC lacked authority to reinstate the rules initially implemented in 2015 by […]
Musk donated $108 million in Tesla shares to unnamed charities, filing shows
(Reuters) – Tesla chief executive Elon Musk donated 268,000 Tesla shares to unnamed charities just before the new year, according to a regulatory filing on Tuesday. Musk, who owns about 12.8% of Tesla, made the donation as part of his “year-end tax planning” to “certain charities” that have “no current intention to sell such stock,” […]
US crypto industry eyes possible day-one Trump executive orders
(This Dec. 23 story has been corrected to fix the spelling of ‘Jonah Crane’ in paragraphs 15 and 18) By Hannah Lang (Reuters) – The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens […]
Ukraine’s military says it struck command post in Russia’s Kursk region
KYIV (Reuters) – The Ukrainian military said it had carried out a high-precision strike on Thursday on a Russian command post in Maryino, in the Kursk region, where Ukrainian forces hold chunks of territory after a major incursion. The Russian military said air defence units had downed four Ukrainian missiles in the region, and the […]