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A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. Doordash shares fell 2% to $111.68 after the report, before recovering some of that loss. However this year, those shares were automatically converted into class A shares, Deliveroo's IPO prospectus shows. Online food delivery companies have looked to pivot away from unprofitable markets. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Carlo Allegri, Doordash, Deliveroo's, Will Shu, Shu, Deliveroo, Greg Orlowski, Tony Xu, U.S . Doordash, Uber, Amy, Jo Crowley, Abigail Summerville, Anousha Sakoui, Alexander Smith, Nick Zieminski Organizations: REUTERS, Companies, Deliveroo, Chevron, DST Global, Sunday Times, Financial Times, U.S ., Wolt, United Arab, Thomson Locations: Manhattan, New York City , New York, U.S, Chevron San Francisco, London, Taiwan, Deliveroo, France, United Arab Emirates, Hong Kong

☆ EU to Bolster Egypt Ties With Billions in Funding
▼ + stars: | 2024-03-16 | by ( March | At P.M. | ) www.usnews.com time to read: +4 min

The agreement is designed to enhance cooperation in areas including renewable energy, trade, and security while delivering grants, loans and other funding over the next three years to support Egypt's faltering economy. War in Israel and Gaza View All 222 ImagesInflation has been running close to record highs and many Egyptians say they struggle to get by. Of that, funding from the European Union is expected to total $5-6 billion, Finance Minister Mohamed Maait told Asharq Business. Egyptian officials say Egypt deserves recognition for hosting an estimated nine million foreign residents and largely shutting off irregular migration from its north coast since 2016. CROSSINGS VIA LIBYABut there has been a surge in Egyptians trying to cross to Europe via Libya, and the European Union is already providing funding aimed at reducing those flows.

Persons: Ursula von der, Mohamed Maait, Abdel Fattah al, Egypt's, Patrick Werr, Philip Blenkinsop, Renee Maltezou, Aidan Lewis, Nick Zieminski Organizations: IMF, Diplomats, Cypriot, European, Asharq Business, Rights Watch Locations: CAIRO, Egypt, Cairo, Israel, Gaza, Sudan, Qatar, United States, European Union, LIBYA, Europe, Libya, Crete, Gavdos, Bangladesh, Pakistan, Tunisia, Mauritania, U.S

☆ At Least Three Dead in Russian Assaults on Ukraine Cities, Officials Say
▼ + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Russian forces shelled and fired missiles at a series of cities in eastern Ukraine on Saturday, killing at least three people and leaving others under the rubble of shattered buildings, Ukrainian officials said. Two cities close to the front line in eastern Ukraine's Donetsk region -- Kramatorsk and Slovyansk -- came under fire. The Latest Photos From Ukraine View All 91 ImagesRussian shells on Saturday struck a school in the nearby town of Slovyansk, with rescuer teams searching for at least one person trapped underneath piles of debris. Further north in the town of Kupiansk, scene of heavy Russian attacks for months, one person was killed when a two-storey house was struck by Russian shells, the governor of Kharkiv region said. Reuters could not independently verify any of the reports, but they occurred in areas where Russian assaults are frequent.

Persons: Kramatorsk, Ron Popeski, Nick Starkov, Nick Zieminski Organizations: Reuters Locations: Ukraine, Ukraine's Donetsk, Kramatorsk, Slovyansk, Donetsk, Moscow, Kupiansk, Kharkiv, Russia

☆ Thailand's Ex-PM Thaksin Seen Leaving Hospital on Day of Parole
▼ + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

By Napat Wesshasartar and Athit PerawongmethaBANGKOK (Reuters) - Thailand's jailed billionaire former Prime Minister Thaksin Shinawatra was seen early on Sunday in a vehicle leaving a hospital where he has been in detention for the past six months, according to Reuters witnesses. Thaksin, 74, had been scheduled to be released on parole on Sunday, according to Prime Minister Srettha Thavisin. Thailand's best-known and most polarising premier, Thaksin has loomed large over politics for two decades, despite 15 years in self-imposed exile to avoid a jail sentence for abuse of power and conflicts of interest. Thaksin made a dramatic return from exile in August to cheering crowds and was taken to prison to serve an eight-year sentence. (Reporting by Napat Wesshasartar Napat Wesshasartar Athit Perawongmetha and Panarat Thepgumpanat; Writing by Martin Petty; Editing by Nick Zieminski)

Persons: Napat Wesshasartar, Thaksin Shinawatra, Thaksin, Srettha Thavisin, Mercedes van, Paetongtarn Shinawatra, Martin Petty, Nick Zieminski Locations: Athit, BANGKOK

☆ Netanyahu Dismisses Election Calls as Thousands Protest in Tel Aviv
▼ + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu on Saturday dismissed the idea of holding early elections, while thousands of Israelis gathered in Tel Aviv for an anti-government protest. Netanyahu has seen his popularity plummet in opinion polls since Hamas' Oct. 7 attack that sparked the devastating war in Gaza. Still, demonstrators again took to the streets of Tel Aviv Saturday night calling for new elections, which are not scheduled until 2026. Netanyahu was asked at a press briefing about calls within his own ruling Likud party to hold early elections right when the Gaza war ends. "The last thing we need right now are elections and dealing with elections, since it will immediately divide us," he said.

Persons: Benjamin Netanyahu, Netanyahu, you've, Ari Rabinovitch, Nick Zieminski Organizations: Saturday Locations: JERUSALEM, Tel Aviv, Gaza, Israel

☆ US Strikes Another Houthi Anti-Ship Missile
▼ + stars: | 2024-01-20 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Kanishka Singh and Enas AlashrayWASHINGTON/CAIRO (Reuters) - U.S. Central Command forces on Saturday struck a Houthi anti-ship missile that was aimed into the Gulf of Aden and prepared to launch, the U.S. military said, with the latest round of strikes coming hours after the United States struck three other Houthi anti-ship missiles. Hours earlier on late Friday, U.S. Central Command forces conducted strikes against three Houthi anti-ship missiles that they said were aimed into the Southern Red Sea. Since last week, the United States has been launching strikes on Houthi targets in Yemen, and this week returned the militia to a list of "terrorist" groups. President Joe Biden said on Thursday that air strikes would continue even as he acknowledged they may not be halting the Houthi attacks. Saturday's strikes were the fifth in the past week by the U.S. against Houthi missile launchers that were prepared to launch attacks.

Persons: Kanishka Singh, Enas Alashray, Joe Biden, Enas, Mark Heinrich, Nick Zieminski Organizations: . Central Command, U.S, U.S . Navy, U.S . Central Command, Houthi, Houthis, . Locations: Enas Alashray WASHINGTON, CAIRO, Aden, United States, U.S, Gulf of Aden, Yemen, Iran, Asia, Europe, Gaza, Israel, Hamas, Palestinian

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. The company currently connects more than 17 million vehicles and Napier said Cubic can update the car from the assembly all the way through its lifetime. "We can update the car in the production line, we can update the car on the ship, we can update the car when it arrives anywhere," Napier said. Cubic will become a consolidated subsidiary of SoftBank Corp, and the deal is set to close in the first half of 2024. Jefferies served as lead financial adviser to Cubic on the deal, while PJT Partners acted as lead financial adviser to SoftBank.

Persons: Issei Kato, Junichi Miyakawa, Barry Napier, SoftBank, Napier, Jefferies, Nick Carey, Nick Zieminski Organizations: SoftBank, REUTERS, SoftBank Corp, Cubic Telecom, Japan, Volkswagen, Qualcomm, Consulting, McKinsey, Co, Reuters, Napier, SoftBank Group, Vision Fund, PJT, Thomson Locations: Tokyo, Japan, TOKYO, Dublin, Irish

☆ US aims to show Trump's history of vote fraud claims at 2020 election trial
▼ + stars: | 2023-12-05 | by ( Andrew Goudsward | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Former U.S. President Donald Trump attends a Manhattan courthouse trial in a civil fraud case in New York, U.S., October 18, 2023. The case in Washington federal court is one of four criminal prosecutions facing Trump as he seeks to challenge Democratic President Joe Biden in the 2024 election. Trump continues to argue that his 2020 loss to Biden was the result of widespread fraud, a false claim that was rejected by multiple courts, state reviews and members of Trump's own administration. Trump is scheduled to stand trial beginning in March on charges that he interfered in the counting of votes and sought to block Congress’ certification of the 2020 election. Prosecutors have accused Trump of spreading “destabilizing lies” about widespread voter fraud to sow distrust in the election.

Persons: Donald Trump, Michael M Santiago, Jack Smith's, Trump, Barack Obama, Mitt Romney, Hillary Clinton, Joe Biden, Biden, Andrew Goudsward, Scott Malone, Nick Zieminski Organizations: U.S, Rights, Republican, Democratic, Trump, Prosecutors, Thomson Locations: Manhattan, New York, U.S, Washington

☆ In Argentina, land of the gaucho, a home for unloved old horses
▼ + stars: | 2023-12-04 | by ( Horacio Soria | ) www.reuters.com time to read: +1 min

REUTERS/Tomas Cuesta Acquire Licensing RightsBUENOS AIRES, Dec 4 (Reuters) - Lorena Melantoni dedicates her weekends running a sanctuary for abused and abandoned horses, an issue in the South American nation known for its polo and stallion-riding gauchos. "I am an option for these old horses, ones with disabilities, amputated horses, or one-eyed horses that nobody wants to take for adoption," Melantoni told Reuters. Located in Buenos Aires province, the "Let's Dream of Hope" refuge provides a place for horses that have no other home, she explained, adding that many had suffered terrible cruelty. And then, I can leave calm and happy and I say: that's it, that made my week." Reporting by Horacio Soria; Writing by Natalia Siniawski, Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Lorena, Tomas Cuesta, Lorena Melantoni, Melantoni, Horacio Soria, Natalia Siniawski, Nick Zieminski Organizations: REUTERS, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, American

Spokespeople for the banks declined to provide comment ahead of the hearing or did not respond to requests for comment. Kevin Fromer, president of the Financial Services Forum, which represents the CEOs, said he expected Basel to be a focus. Big bank CEOs have been appearing before Congress for several years after the 2007-09 financial crisis and subsequent scandals thrust the industry into Washington's crosshairs. Former Wells Fargo CEO Tim Sloan, meanwhile, resigned in March 2019 after stumbling during a hearing about the bank's regulatory woes. But after years of playing defense, the CEOs are expected to be more assertive, this time backed by Republicans critical of red tape.

Persons: Andy Cecere, William Demchak, Jamie Dimon, Jane Fraser ,, Brian Moynihan, William Rogers, Wells, Bank of America's Brian Moynihan, Citi's Jane Fraser, Wells Fargo's Charles Scharf, Goldman Sachs, David Solomon, Morgan Stanley's James Gorman, Ronald O'Hanley, BNY Mellon's Robin Vince, Sherrod Brown, Brown, Kevin Fromer, Dimon, Elizabeth Warren, Tim Sloan, meanwhile, Tim Scott, Pete Schroeder, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: U.S . Bancorp, PNC Financial Services Group, JPMorgan Chase, Co, Citigroup, Jane Fraser , Bank of America, Truist Financial, JPMorgan, Bank of America, Bank of America's, Democratic, Silicon Valley Bank, Financial Services, Big, Former Wells, Republicans, Thomson Locations: WASHINGTON, Wells Fargo, Silicon, Basel, New York

☆ Jana Partners calls for strategic review, possible sale at Frontier Communications -letter
▼ + stars: | 2023-12-04 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Small toy figures with laptops and smartphones are seen in front of displayed Frontier Communications logo, in this illustration taken December 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsDec 4 (Reuters) - Activist investment firm Jana Partners is urging Frontier Communications (FYBR.O) to begin a strategic review, including a possible sale of the telecommunications company, arguing that its shares will continue to lag unless corrective action is taken. In the letter, the partners said they have spoken with potential strategic and financial buyers who have "indicated interest in participating in a company-initiated review process." A Jana spokesman declined to comment and a representative for Frontier did not immediately respond to a request for comment. In the letter Jana said Frontier's lagging stock price is linked to the fact the company hasn't been able to attract new investors since exiting bankruptcy in 2021.

Persons: Dado Ruvic, Jana Partners, Jana, Barry Rosenstein, Scott Ostfeld, Goldman Sachs, hasn't, Frontier's, Svea Herbst, Bayliss, Nick Zieminski Organizations: REUTERS, Frontier Communications, Reuters, Board, Frontier, Wall, Svea, Thomson

☆ Trump seeks to appeal reinstated gag orders in New York civil fraud case -filing
▼ + stars: | 2023-12-04 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +1 min

REUTERS/Carlos Barria Acquire Licensing RightsNEW YORK, Dec 4 (Reuters) - Former U.S. President Donald Trump is seeking permission to appeal a decision reinstating gag orders in his New York civil fraud case to the state's highest court, a court filing showed on Monday. A mid-level state appeals court last week reinstated the gag orders, which barred Trump and his lawyers from making public statements about court staff. Justice Arthur Engoron imposed the gag order on Trump on Oct. 3 after Trump accused Engoron's top clerk of political bias in a post on his Truth Social platform. The post left the court "inundated" with hundreds of threats from Trump supporters, Engoron said in a court filing. In Monday's filing, Trump lawyer Clifford Robert asked the mid-level appeals court, known as the Appellate Division, to allow Trump to appeal its reinstatement of the orders to the Albany-based Court of Appeals.

Persons: Donald Trump, Carlos Barria, Trump, Arthur Engoron, Engoron's, Engoron, Clifford Robert, Luc Cohen, Nick Zieminski Organizations: U.S, Republican, REUTERS, Former U.S, Trump, Appeals, Thomson Locations: Ankeny , Iowa, U.S, Former, New York, Albany

The San Francisco skyline is seen behind a self-driving GM Bolt EV during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. The California Public Utilities Commission (CPUC) on Friday ordered Cruise to appear at a Feb. 6 hearing for "misleading the Commission through omission regarding the extent and seriousness of the accident" and "making misleading public comments regarding its interactions with the commission." Cruise's troubles are also a setback for an industry dependent on public trust and the cooperation of regulators. GM had told investors Cruise and its technology could generate $50 billion a year in revenue by 2030. Reporting by Hyunjoo Jin in San Francisco and David Shepardson in Washington, Additional reporting by Abhirup Roy in San Francisco; Editing by Richard Chang and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Elijah Nouvelage, Cruise, Kyle Vogt, Daniel Kan, Jose Alvarado, Ashlyn Kong, Kong, ”, Tim Piechowski, Waymo, John Reynolds, Gavin Newsom, Mary Barra, Hyunjoo Jin, David Shepardson, Abhirup Roy, Richard Chang, Nick Zieminski Organizations: San, GM Bolt, REUTERS, General Motors, GM, California Public Utilities Commission, CPUC, Cruise, Capital Research, California's Department of Motor Vehicles, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington

☆ Guinea-Bissau President Embalo says a coup was foiled on Friday
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Guinea Bissau's President Umaro Sissoco Embalo attends a meeting with Russia's President Vladimir Putin following the Russia-Africa summit in Saint Petersburg, Russia, July 29, 2023. Sergei Bobylyov/TASS Host Photo Agency via REUTERS/File photo Acquire Licensing RightsBISSAU, Dec 2 (Reuters) - Guinea-Bissau President Umaro Sissoco Embalo said on Saturday that gunfire and clashes that had erupted in the capital of the West African nation on Friday were an attempted coup. At least six people were killed during a failed attempt to overthrow Embalo in February 2022. We still need to put an end once and for all on these upheavals in Guinea-Bissau," Embalo said. Reporting by Alberto Dabo; Writing by Bate Felix; editing by Jonathan Oatis and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Umaro Sissoco Embalo, Vladimir Putin, Sergei Bobylyov, Embalo, Alberto Dabo, Bate Felix, Jonathan Oatis, Nick Zieminski Organizations: Guinea, Agency, REUTERS, Rights, Thomson Locations: Russia, Africa, Saint Petersburg, Guinea, Bissau, West, Dubai, Portugal

☆ Factbox-Attacks in France in Recent Years
▼ + stars: | 2023-12-02 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +4 min

Here are some other attacks that have taken place in France in recent years:- Oct 13, 2023 - One teacher was killed and another wounded in a knife attack at a high school in northern French town of Arras on Friday. - June 9, 2023 - A Syrian national wounded four children and two pensioners in a knife attack in the Alpine town of Annecy. Francois Hollande, president at the time, said the hostage-takers had pledged allegiance to Islamic State. The attacker told police he was answering an appeal by Islamic State. Islamic State said it was responsible.

Persons: Emmanuel Macron, Samuel Paty, Prophet Mohammad, Charlie Hebdo, Mickael Harpon, Francois Hollande, Frenchman, Charlie Hebdo’s, Michel Rose, Frances Kerry, Nick Zieminski Organizations: PARIS, Syrian, Police, Paris police, Security, Islamic, Islamic State, Belgian Locations: Paris, Afghanistan, France, French, Arras, Alpine, Annecy, Reims, Nord, Kurdish, Nice, Pakistan, Islamic State, Tunisian, State

☆ Mexico's Samuel Garcia pulls out of 2024 presidential race
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

Governor of Nuevo Leon state Samuel Garcia poses for a picture with students as he arrives at an event of school equipment delivery at the Prepa Tec high school, in Monterrey, Mexico April 25, 2023. REUTERS/Daniel Becerril/File Photo Acquire Licensing RightsMEXICO CITY, Dec 2 (Reuters) - Samuel Garcia, one of the two main opposition hopefuls competing in Mexico's 2024 presidential election, has withdrawn from the contest to return to his post as governor of the northern state of Nuevo Leon, his party said on Saturday. "I have decided to not participate in the electoral race for President of the Republic," the 35-year-old Garcia said in a statement from the Nuevo Leon government made public by his center-left Citizens' Movement (MC) party. Garcia then became embroiled in a dispute about who would replace him in Nuevo Leon, where his political opponents control the state legislature, which votes in the interim governor. Recent opinion polls have given Garcia around 10% support in the presidential race, putting him behind Xochitl Galvez, candidate of the main opposition alliance.

Persons: Samuel Garcia, Daniel Becerril, Garcia, Luis Enrique Orozco, Garcia's, Orozco, Xochitl Galvez, Mexico City Mayor Claudia Sheinbaum, MORENA, Dante Delgado, Dave Graham, Adriana Barrera, Nick Zieminski Organizations: Tec, REUTERS, MEXICO CITY, Nuevo, ' Movement, Regeneration, Mexico City Mayor, Thomson Locations: Nuevo Leon, Monterrey, Mexico, MEXICO, Republic

Israel has sworn to annihilate Hamas following its Oct. 7 rampage in southern Israel in which it says 1,200 people were killed and more than 200 taken hostage. "Frankly, the scale of civilian suffering, and the images and videos coming from Gaza, are devastating," Harris told reporters. The United States has been increasingly vocal that Israel must narrow the combat zone during any offensive in southern Gaza and ensure safe zones for non-combatants. Gaza health officials said that in addition to the death toll, 650 people had been wounded since the truce collapsed. Gaza health officials said three Palestinians were killed in an Israeli air strike on a house in Rafah.

Persons: Kamala Harris, Lloyd Austin, Israel, Harris, Austin, Benjamin Netanyahu, Netanyahu, Wessam Farhat, Amir Cohen, Mark Regev, Robert Mardini, Emmanuel Macron, Saleh Al, Arouri, Yoav Gallant, Khan Younis, Suhaib, Nidal, Mohammed Salem, Ari Rabinovich, Emily Rose, Andrew Mills, Nandita Bose, Steve Holland, Phil Stewart, Matt Spetalnick, Nick Zieminski, Matt Lewis, Jonathan Oatis Organizations: Hamas, U.S . Defense, Simi Valley , California ., U.S, REUTERS, International Committee, Reuters, Crescent, Palestinian, Al, Israeli, Palestinian News Agency, Tel, Thomson Locations: GAZA, CAIRO, Israel, Gaza, Washington, Egypt, Dubai, Simi Valley , California, Simi Valley , California . Austin, U.S, Tel Aviv, United States, Palestinian, Rafah, Qatar, Al Jazeera, Suhaib Salem, Cairo, Jerusalem, Doha

[1/4] French police secures the access to the Bir-Hakeim bridge after a security incident in Paris, France December 2, 2023. REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Dec 2 (Reuters) - One person died and two others were injured after a man attacked tourists in central Paris near the Eiffel Tower, Interior Minister Gerald Darmanin said on Saturday. Police quickly arrested the 26-year-old man, a French national, using a Taser stun gun, Darmanin told reporters. The suspect was on the French security services watch list and was also known for having psychiatric disorders, the interior minister added. The attack took place around 1900 GMT when the man attacked a tourist couple with a knife on the Quai de Grenelle, a few feet away from the Eiffel Tower, mortally wounding a German national.

Persons: Stephanie Lecocq, Gerald Darmanin, Darmanin, Akbar, Dominique Vidalon, Gilles Guillaume, Nick Zieminski, Matthew Lewis, Jonathan Oatis Organizations: REUTERS, Rights, Saturday . Police, Eiffel, Agence France Presse, Olympic Games, Thomson Locations: Paris, France, Grenelle, Afghanistan, Palestine, Gaza

☆ UK bars Abu Dhabi-backed group from acquiring Telegraph, pending review
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 1 (Reuters) - Britain's government on Friday blocked an Abu Dhabi-backed group from taking ownership of the media group that owns the Telegraph newspaper while its takeover bid is scrutinised by regulators over freedom of expression concerns. The government intervened in the planned deal on Thursday when it asked regulators to examine the deal. On Friday, culture and media minister Lucy Frazer set out an enforcement order preventing any transfer of ownership of the Telegraph Media Group without her permission and also stopping any changes of its structure or senior editorial staff. As well as the right-leaning Telegraph newspaper, the group owns the Spectator magazine. They are up for sale after Lloyds Banking Group in June seized control following a long-running dispute with owners, the Barclay family.

Persons: Lucy Frazer, Barclay, Jeff Zucker, Mansour bin Zayed Al Nahyan, Camilla Tominey, Tominey, William Schomberg, Nick Zieminski Organizations: Telegraph, Telegraph Media Group, Ofcom, Spectator, Lloyds Banking Group, IMI, CNN, United Arab Emirates, Thomson Locations: Abu Dhabi, UAE, Gulf

☆ Resurgent S&P 500 crests new 2023 closing high after roller-coaster year
▼ + stars: | 2023-12-01 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark index closed at 4,594.63, nearly 6 points above its previous closing high for 2023 set in late July. The S&P 500 is up over 19% year-to-date after posting its biggest monthly rise in over a year in November. The S&P 500 reached its previous 2023 closing high on July 31, also spurred in part by excitement over developments in artificial intelligence technology. The megacaps' outperformance has increased their combined weight to well over one-fourth of the entire S&P 500, meaning the stocks' moves have outsized influence on the benchmark index. The S&P 500 currently trades at roughly 19 times forward earnings estimates, compared to a historical average of 15.6 times.

Persons: Mike Segar, Jerome Powell, Stocks, Lewis Krauskopf, Noel Randewich, Saqib Iqbal Ahmed, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal, Valley Bank, Citigroup, Microsoft, Nvidia, Thomson Locations: Lower Manhattan, New York, U.S

A Salesforce sign is seen during the company's annual Dreamforce event, in San Francisco, California November 18, 2013. REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Nov 30 (Reuters) - Salesforce Inc's (CRM.N) stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for its services. Salesforce's revenue of $8.72 billion and adjusted profit of $2.11 per share beat Wall Street expectations, the company reported after the closing bell on Wednesday. Reuters GraphicsMultiple analysts, including from Morgan Stanley, Evercore, Wells Fargo, and Deutsche Bank, raised their price target for Salesforce's shares following the results. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Galbraith, Morgan Stanley, Brad Sills, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Reuters Graphics, Deutsche Bank, Global Research, Thomson Locations: San Francisco , California, U.S, Evercore, Wells Fargo, Salesforce, New York

This year, 59% retailers offer so-called "returnless" or "keep it" policies for unwanted products whose returns costs exceed their value, according to returns services firm goTRG, which surveyed 500 executives at 21 major retailers, including Walmart (WMT.N) and Amazon.com (AMZN.O). That information is "not something that retailers want out there" due to worries the policies could be abused by shoppers, he said. The firm helps retailers manage returns, which typically rise after pre-Christmas sales like Black Friday and Cyber Monday and continue beyond Christmas. The typical return costs retailers about $30. "You just can't afford to ignore it," she said of returns costs.

Persons: Shannon Stapleton, Sender Shamiss, Shamiss, Amena Ali, Ali, Gabrielle Richards, Pamela Peters, Peters, Lisa Baertlein, Arriana McLymore, Siddharth Cavale, Nick Zieminski Organizations: REUTERS, ANGELES, Black, Walmart, Super Bowl, Reuters, eBay, Appriss Retail, National Retail Federation, Amazon.com, Thomson Locations: Macy’s, Roosevelt, Garden City , New York, U.S, Los Angeles, New York

"This is bullying," Santos said at a news conference outside the Capitol. His fellow Republicans have scheduled a vote on his expulsion on Friday. Santos survived one expulsion vote earlier this month, but faces longer odds this time. Santos declined to comment on that report, but said he was not wearing anything purchased with campaign funds. Santos predicted he would be forced out in Friday's vote and said he was proud of his record in Congress.

Persons: George Santos, Elizabeth Frantz, Representative George Santos, Santos, Jamaal Bowman, Bowman, Goldman Sachs, Makini Brice, Andy Sullivan, Susan Heavey, Scott Malone, Nick Zieminski, Jonathan Oatis Organizations: U.S . Rep, U.S, Capitol, REUTERS, Rights, Representative, Republicans, Congress, Democratic, U.S . Constitution, Representatives, New York University, Citigroup, Republican Party, White, Thomson Locations: Washington , U.S, Congress, New York City, New York, U.S ., Civil

In the 2019 agreement, Facebook, which became Meta in 2021, was required to pay $5 billion for violating an earlier agreement. The company filed a separate appeal against Judge Timothy Kelly's ruling this week that it should be an FTC judge, not a district judge, who decides that case. This new lawsuit, filed late on Wednesday, argues that it is unconstitutional for the FTC to unilaterally tighten an existing consent agreement. The Meta complaints focus on the agency's dual role of prosecuting a matter before an FTC judge. Once the FTC judge makes a decision it is the commission which votes on whether to accept it.

Persons: Yuri Gripas, Judge Timothy Kelly's, Lina Khan, Rebecca Slaughter, Alvaro Bedoya, Meta, Diane Bartz, Nick Zieminski Organizations: Federal Trade Commission, Facebook Inc, Headquarters, REUTERS, Rights, Facebook, U.S . Federal Trade Commission, Meta, FTC, Big Tech, Democratic, Thomson Locations: Washington , U.S

☆ JPMorgan strategists see 'challenging' backdrop for US stocks in 2024
▼ + stars: | 2023-11-29 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. The bank projected a 2024 price target for the benchmark S&P 500 (.SPX) of 4,200, or about 8% below current levels. Absent rapid easing of monetary policy by the Federal Reserve, "we expect a more challenging macro backdrop for stocks next year," J.P. Morgan's Dubravko Lakos-Bujas and his team said in an outlook report on Wednesday. "In contrast to this robust outlook, we expect lower sequential revenue growth, no margin expansion, and lower buyback executions," the strategists wrote. Those risks include two major wars and 40 countries holding national elections including the U.S., which the strategists expect will drive equity volatility to be generally higher in 2024 than in 2023.

Persons: Brendan McDermid, Morgan, Dubravko, J.P, Lewis Krauskopf, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Thomson Locations: New York City, U.S

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