By Diana Novak Jones Dec 2 (Reuters) – The city of San Francisco sued Kraft, Mondelez, Coca-Cola and other makers of ultra-processed foods on Tuesday, accusing them of knowingly sickening California residents with addictive and harmful products. City Attorney David Chiu filed the lawsuit in San Francisco Superior Court, alleging the companies employed tactics similar…
By Anirban Sen and Prakhar Srivastava NEW YORK, Dec 1 (Reuters) – Citadel’s flagship fund Wellington posted a 1.4% return in November, boosting the fund’s performance for the year to 8.3%, according to two people familiar with the matter. The firm’s other funds also notched positive monthly returns. Miami-based Citadel’s Global Equities fund rose 2.5%…
By Cynthia Kim SEOUL, Dec 2 (Reuters) – South Korea’s consumer prices rose 2.4% in November from a year earlier, driven by higher food and services costs, bolstering the case for the Bank of Korea to maintain interest rates at the current level for longer. The consumer price index was roughly in line with median…
Dec 1 (Reuters) – The U.S. Treasury Department is investigating allegations that tax dollars from Minnesota may have been diverted to the Al-Shabaab militant group in Somalia, Treasury Secretary Scott Bessent said on Monday. Bessent announced the investigation on X days after U.S. President Donald Trump called Minnesota a “hub of fraudulent money laundering activity”…
By Johann M Cherian and Pranav Kashyap Dec 1 (Reuters) – Wall Street’s main indexes slipped on Monday, pressured by a rise in Treasury yields and as investors digested data that pointed to softening manufacturing activity in the United States. Declines were most noticeable in crypto stocks, with Coinbase down 5.8% and Bitfarms losing 6.6%,…
Why the Aging Population Is the Next Big Investment Megatrend Why the Aging Population & Longevity Economy Matter The “silver tsunami” isn’t a future trend—it’s happening right now. By 2030, one in five Americans will be over 65. Globally, populations are aging rapidly, with profound implications for how we work, retire, and spend. From biotech…
By Jessie Pang and Greg Torode HONG KONG, Nov 29 (Reuters) – Hong Kong on Saturday mourned the 128 people known to have died in a huge fire at a high-rise apartment complex, a toll that is likely to rise with 150 still missing days after the disaster. Authorities have arrested 11 people in connection…
By Milana Vinn (Reuters) -Warburg Pincus has agreed to acquire a majority stake in Raptor Technologies from fellow investment firm Thoma Bravo, in a deal that values the school safety software provider at around $1.8 billion, according to people familiar with the matter. THE DETAILS * The deal could be announced imminently, the sources said,requesting…
TOKYO, Nov 30 (Reuters) – Japan’s finance minister said on Sunday that recent erratic swings in the foreign exchange market and rapid yen weakening are “clearly not driven by fundamentals”. “It’s our position to issue warnings against such matters,” Satsuki Katayama said on a Sunday morning talk show on Fuji Television. Katayama also reiterated that…
By Stephen Culp NEW YORK (Reuters) -Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the U.S. Federal Reserve to implement its third and final rate cut of the year in December, while softness in the tech sector limited the Nasdaq’s gains. All three major…
