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USAA to pay $62.4 million to resolve military fee lawsuit
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USAA to pay $62.4 million to resolve military fee lawsuit

Stock Focus Report August 5, 2024
By Jonathan Stempel (Reuters) – USAA, the financial services company serving military personnel and their families, will...
Read More Read more about USAA to pay $62.4 million to resolve military fee lawsuit
Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia
  • Business

Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia

Stock Focus Report August 5, 2024
(Reuters) -Apple and Nvidia led a sell-off in technology stocks on Monday as U.S. recession fears and...
Read More Read more about Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia
Five US states push Musk to fix AI chatbot over election misinformation
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Five US states push Musk to fix AI chatbot over election misinformation

Stock Focus Report August 5, 2024
By Kanishka Singh and Chandni Shah WASHINGTON (Reuters) – Secretaries of state from five U.S. states urged...
Read More Read more about Five US states push Musk to fix AI chatbot over election misinformation
Equities sell off, Nasdaq on track for correction, bond yields sink
  • Economy

Equities sell off, Nasdaq on track for correction, bond yields sink

Stock Focus Report August 3, 2024
NEW YORK (Reuters) -Global equities sold off on Friday and U.S. Treasury yields were at multi-month lows...
Read More Read more about Equities sell off, Nasdaq on track for correction, bond yields sink
Silicon Valley Bank’s former owner gains approval to end bankruptcy
  • Business

Silicon Valley Bank’s former owner gains approval to end bankruptcy

Stock Focus Report August 3, 2024
By Dietrich Knauth NEW YORK (Reuters) – SVB Financial Group, the former owner of failed Silicon Valley...
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Hedge funds grow bearish amid economic slowdown jitters, Goldman says
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Hedge funds grow bearish amid economic slowdown jitters, Goldman says

Stock Focus Report August 3, 2024
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds continued to add bearish equity bets to...
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Berkshire’s cash hits $277 billion as Buffett slashes Apple stake; operating profit sets record
  • Business

Berkshire’s cash hits $277 billion as Buffett slashes Apple stake; operating profit sets record

Stock Focus Report August 3, 2024
By Jonathan Stempel (Reuters) – Warren Buffett appears to have soured on stocks, letting cash at Berkshire...
Read More Read more about Berkshire’s cash hits $277 billion as Buffett slashes Apple stake; operating profit sets record
Kamala Harris secures delegate votes needed to become Democratic nominee
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Kamala Harris secures delegate votes needed to become Democratic nominee

Stock Focus Report August 2, 2024
By Stephanie Kelly and Jasper Ward NEW YORK (Reuters) -Kamala Harris on Friday secured the delegate votes...
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Coinbase expects US to be crypto-friendly irrespective of election outcome
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Coinbase expects US to be crypto-friendly irrespective of election outcome

Stock Focus Report August 2, 2024
By Niket Nishant and Manya Saini (Reuters) – The next U.S. administration will be “constructive” on crypto...
Read More Read more about Coinbase expects US to be crypto-friendly irrespective of election outcome
U.S. sues TikTok over ‘massive-scale’ privacy violations of kids under 13
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U.S. sues TikTok over ‘massive-scale’ privacy violations of kids under 13

Stock Focus Report August 2, 2024
By David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit Friday against TikTok and...
Read More Read more about U.S. sues TikTok over ‘massive-scale’ privacy violations of kids under 13

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