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CEO of Goldman Sachs David Solomon participates in a panel titled "Empowering Women as Entrepreneurs and Leaders" at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. Goldman Sachs is shedding its consumer businesses after its foray into retail banking flopped. "I definitely do feel better about the capital markets," Solomon said in the wide-ranging interview. Solomon also said U.S. regulatory proposals for stricter bank capital rules have "gone too far." "I am focused on Goldman Sachs," he said.

Persons: Goldman Sachs David Solomon, Elizabeth Frantz, Goldman Sachs, David Solomon, that's, Solomon's, Solomon, SoftBank, Banks, Saeed Azhar, Lananh Nguyen, Jonathan Oatis, Jamie Freed, Deepa Babington Organizations: World Bank Group, International Monetary Fund, REUTERS, CNBC, T Arm Holdings, Federal Reserve, Thomson Locations: Washington , U.S, U.S

The John Adams Courthouse, where the Massachusetts Supreme Judicial Court presides, stands in Boston, Massachusetts, U.S., September 7, 2023. In a unanimous ruling Thursday, the Supreme Judicial Court of Massachusetts upheld a 2018 lower court ruling that the state acted in bad faith in regulating the Canton-based Judge Rotenberg Educational Center. The legal fight over the facility began in 1985, when the state sought to ban the shock treatment. In 2013, the state sought to terminate the consent order altogether, before Judge Field's ruling in 2018 that it was still necessary because of state regulators' bad faith conduct. A federal appeals court in 2021 ruled in a separate case that the U.S. Food and Drug Administration could not ban the shock device.

Persons: John Adams, Brian Snyder, Katherine Field, JRC, Michael Flammia, Scott Kafker, Judge Field's, Brendan Pierson, Alexia Garamfalvi, Deepa Babington Organizations: REUTERS, Massachusetts, Rotenberg Educational, Probate, state's Department of Developmental Services, U.S . Food, Drug Administration, Thomson Locations: Massachusetts, Boston , Massachusetts, U.S, Canton, Bristol, New York

[1/2] AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. Some have expressed concern that students might similarly rely on AI to produce work and effectively cheat - especially as AI content gets better with time. Passing off GenAI as original work could also raise copyright issues, prompting questions over whether AI should be banned in academia. It has provided that tool free to more than 10,000 education institutions globally, although it plans to charge a fee from January. So far, the AI detection tool has found that only 3% of students used AI for more than 80% of their submissions and that 78% did not use AI at all, Turnitin data shows.

Persons: Dado Ruvic, OpenAI, ChatGPT, Bard, Leif Kari, Rachel Forsyth, Sophie Constant, Stefania Giannini, Kirsten Rulf, Deepa Babington Organizations: REUTERS, Lund, University of Western, University of Hong, Microsoft, Royal Institute of Technology, United Nations Educational, Cultural Organization, UNESCO, Strategic, Lund University, England's University of Oxford, Reuters, European Union, EU, Boston Consulting Group, Thomson Locations: STOCKHOLM, University of Western Australia, Perth, University of Hong Kong, Stockholm, Sweden, Britain, Singapore

Biden's Labor Day prediction that the union would not strike against Detroit's automakers ahead of a Sept. 14 contract deadline was soundly rejected by UAW President Shawn Fain. White House Press Secretary Karine Jean-Pierre said Biden's comments about the UAW over Labor Day was him being "an optimistic person." The White House has tried to play a role in several recent large-scale union contract negotiations involving rail workers and West Coast port workers. Trump won Michigan in 2016, helping propel him to the White House; Biden beat him by 154,000 votes in Michigan in 2020. Around half a million more threatened strikes in the first half of 2023, estimates from national labor unions show.

Persons: Joe Biden's, Biden, Biden's, Shawn Fain, Fain, Karine Jean, Pierre, Kate Bronfenbrenner, Donald Trump, Trump, Joe Biden, Joshua Roberts, Harley Shaiken, Shaiken, Nandita Bose, David Shepardson, Joseph White, Heather Timmons, Deepa Babington Organizations: UAW, Biden's Labor, Detroit's, House Press, Labor, General Motors, Ford, carmakers, Anderson Economic, Cornell University's School of Industry & Labor Relations, White House, Wednesday, Workers, Republican, Michigan, State Labor, Metal Workers, Local, REUTERS, University of California, Bureau of Labor Statistics, EV, White, Energy Department, Teamsters, UPS, House, Thomson Locations: Detroit, America, Pennsylvania, Michigan, West Coast, Philadelphia , Pennsylvania, U.S, Berkeley, Michigan , Ohio , Indiana , Illinois, Belvidere , Illinois, Washington

☆ How Worried Should We Be About AI’s Threat to Humanity? Even Tech Leaders Can’t Agree.
▼ + stars: | 2023-09-04 | by ( Sam Schechner | Deepa Seetharaman | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: ais

☆ Biden takes economic pitch to battleground Pennsylvania
▼ + stars: | 2023-09-04 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +3 min

[1/3] U.S. President Joe Biden gestures while boarding Air Force One as he departs for Philadelphia, Pennsylvania from Dover, Delaware, U.S., September 4, 2023. Inflation by the Fed's preferred gauge, however, has moved down to 3.3% from its peak of 7% last summer. U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, according to data released by the Labor Department last week. The White House notes inflation-adjusted income is up 3.5% since Biden came into office in January 2021, with lower-wage workers benefiting, and the unemployment rate is close to a 50-year low. Pennsylvania and a handful of other political battleground states that fluctuate between supporting Democrats and Republicans in presidential elections will help determine who leads the country after next year.

Persons: Joe Biden, Joshua Roberts, Biden, Donald Trump, Jerome Powell, Jeff Mason, Mary Milliken, Deepa Babington Organizations: Air Force, REUTERS, Labor, Florida, Hurricane Idalia, Democrat, AFL, White, Republicans, Democratic, Labor Department, Milwaukee Journal, Sentinel, Reuters, Pennsylvania, Thomson Locations: Philadelphia , Pennsylvania, Dover , Delaware, U.S, REHOBOTH BEACH , Delaware, Philadelphia, Delaware, Pennsylvania, what’s

U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. "China is making it more difficult," Raimondo told CBS's Face the Nation. "I was very clear with China that we need to - patience is wearing thin among American business. "They suggested that they didn't know about it and they suggested that it wasn't intentional," she told CNN. And certainly they're having real, real significant challenges in the real estate sector," she told Face the Nation.

Persons: Gina Raimondo, Aly, China, Raimondo, CBS's, " Raimondo, Diane Bartz, Phil Stewart, Mary Milliken, Deepa Babington Organizations: Boeing Shanghai Aviation Services, Shanghai Pudong International Airport, REUTERS, Garden Holdings, WASHINGTON, . Commerce, CNN, HK, Thomson Locations: Shanghai Pudong, Shanghai, China, Washington, Canada, Mexico, Beijing, Southeast Asia, U.S

☆ Mexican Senator Xochitl Galvez hailed as opposition candidate for 2024 election
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] Mexican Senator Xochitl Galvez speaks at a rally to be announced as the opposition Broad Front for Mexico 2024 presidential candidate, in Mexico City, Mexico September 3, 2023. REUTERS/Henry Romero Acquire Licensing RightsMEXICO CITY, Sept 3 (Reuters) - Thousands of supporters celebrated the nomination of Mexican Senator Xochitl Galvez on Sunday as the 2024 presidential candidate of an opposition alliance set to take on the country's ruling party. Galvez, a spirited communicator who has energized the opposition, is seen as the main candidate to take on President Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA), which is due to announce its own candidate on Sept. 6. Supporters could be heard chanting "we are going to win" as they waved flags and banners supporting Galvez's nomination and the alliance. Representatives of the coalition, the center-right PAN, the leftist PRD and the once-powerful PRI party - which supported Galvez at the expense of its own challenger, Beatriz Paredes - had called for Galvez's nomination earlier in the week.

Persons: Xochitl Galvez, Henry Romero, Galvez, Andres Manuel Lopez, Lopez Obrador, Hector Chavez, Beatriz Paredes, Aida Pelaez, Fernandez, Cassandra Garrison, Alberto Fajardo, Liamar Ramos, Deepa Babington, Diane Craft Organizations: REUTERS, Regeneration, Frente Amplio, PAN, PRD, PRI, Thomson Locations: Mexico, Mexico City, MEXICO

☆ Ukraine drone sparks fire in Russia's Kurchatov, Kursk governor says
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: 1 min

Sept 3 (Reuters) - A non-residential building in the western Russian city of Kurchatov caught fire on Sunday after an attack by a Ukrainian drone but emergency services put the fire out and there were no casualties, Roman Starovoit, governor of the Kursk region, said. In a post on the Telegram messaging app, Starovoit did not say which building was affected. Ukraine's Babel online outlet quoted an unnamed source as saying a drone hit a building belonging to the FSB security service. Starovoit also blamed a Ukrainian drone for damage to a building facade in Kurchatov on Sept. 1. Kurchatov is home to one of Russia's biggest nuclear plants, but there were no reports it was affected in either incident.

Persons: Roman Starovoit, Starovoit, Elaine Monaghan, Deepa Babington, Nick Zieminski Organizations: Thomson Locations: Russian, Kurchatov, Ukrainian, Kursk, Washington

But five months later, the overall number of people filing refugee claims in Canada has risen instead of falling. But it has sought to discourage those applying for asylum, chiefly through an agreement with the U.S. under which each country turns back asylum seekers. Asylum seekers are drawn by Canada's reputation for swifter processing and greater acceptance of asylum applications compared to the U.S. But overall, the number of asylum seekers entering Canada has surged. People applying at airports comprised about a third of all refugee claims made in July, up from about 16% in March.

Persons: Shauna Labman, Joe Biden's, Craig Damian Smith, Remi Lariviere, Lariviere, Abdulla Daoud, Loly Rico, Hana Bakhit, Maureen Silcoff, Silcoff, Grace Nanziri, Anna Mehler, Denny Thomas, Deepa Babington Organizations: Reuters, Human, University of Winnipeg, U.S, European Union, Centre for Refugee Studies, York University, FCJ Refugee, REUTERS, Refugee Centre, FCJ, Thomson Locations: Canada, U.S, Toronto, Quebec, New York, United States, Mexico, Haiti, Turkey, Colombia, India, Rwanda, Montreal, Canada's, Sudan, Uganda

☆ How Donald Trump’s trial dates overlap with his 2024 election campaign
▼ + stars: | 2023-08-31 | 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: +3 min

Republican presidential candidate and former U.S. President Donald Trump speaks as he campaigns at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. A trial date for Trump and the other defendants in this case has not yet been set. FEB. 24, 2024South Carolina Republican presidential primary. MARCH 4, 2024Trial starts in the federal criminal case in Washington that charges Trump with illegally trying to reverse his 2020 election loss. MARCH 5, 2024"Super Tuesday," in which 14 state presidential primaries take place.

Persons: Donald Trump, Evelyn Hockstein, Trump, Democrat Joe Biden, Letitia James, James, Trump's, Kenneth Chesebro, E, Jean Carroll, Carroll, JAN, Fani Willis, Andy Sullivan, Deepa Babington, Jonathan Oatis, Grant McCool Organizations: Fair, REUTERS, U.S, Republican, Democrat, Trump, Nevada Republican, South Carolina Republican, National Convention, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Georgia, Manhattan, New York, Iowa . New Hampshire, Nevada, Washington, Fulton County, New York City, Miami

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. The S&P 500 and Nasdaq touched their highest in over two weeks during the session after the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. Interest rate futures signaled an 87% chance the Fed will keep rates steady at its September meeting and a 54% chance it will keep rates on hold through November, according the CME Group's FedWatch tool. "Investors are of the mindset that 'You know what, maybe interest rate hikes are indeed behind us. According to preliminary data, the S&P 500 (.SPX) gained 64.39 points, or 1.45%, to end at 4,497.70 points, while the Nasdaq Composite (.IXIC) gained 239.36 points, or 1.74%, to 13,943.37.

Persons: Carlo Allegri, Elliott, let's, Sam Stovall, Jerome Powell's, drugmaker, Shristi Achar, Noel Randewich, Shounak Dasgupta, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Tesla, Nvidia, U.S . Federal Reserve, Nasdaq, Labor, CFRA Research, Dow Jones, Apple, Google, Elliott Investment Management, Verizon, Citi, PDD Holdings, Thomson Locations: New York, United States, U.S, Bengaluru, Oakland, Calif

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Of the 11 S&P 500 sector indexes, 11 rose, led by communication services (.SPLRCL), up 2.22%, followed by a 2.1% gain in information technology (.SPLRCT). The S&P 500 was up 1.30% at 4,491.03 points. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 7.6-to-one ratio. The S&P 500 posted 17 new highs and two new lows; the Nasdaq recorded 43 new highs and 100 new lows.

Persons: Carlo Allegri, Elliott, let's, Sam Stovall, Jerome Powell's, drugmaker, Shristi Achar, Noel Randewich, Shounak Dasgupta, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Nasdaq, Dow, Wall, Tesla, Nvidia, U.S . Federal Reserve, Labor, CFRA Research, Google, Elliott Investment Management, Dow Jones, Verizon, Citi, PDD Holdings, Thomson Locations: New York, United States, Bengaluru, Oakland, Calif

☆ OpenAI Launches Business Version of ChatGPT That Competes With Microsoft
▼ + stars: | 2023-08-28 | by ( Deepa Seetharaman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/ai/openai-launches-business-version-of-chatgpt-that-competes-with-microsoft-6ea3ff2f

Persons: Dow Jones Organizations: microsoft

The majority of women who do work for BluSmart are single mothers like Deepa Shankar whose financial needs trump their family’s objections. The 25-year-old in New Delhi said she became a driver after her husband abandoned her and their baby son. Her mother, brother and neighbors all tried to shame her into quitting. They told her she was staining the family’s good name.

Persons: Deepa Shankar Locations: New Delhi

Export control laws restrict companies from sharing sensitive information and technology with certain individuals from other countries. Rebecca Bernhard, a Minneapolis-based labor lawyer who represents companies, said employers subject to export control laws often ignore the ban on citizenship-based bias in the federal Immigration and Nationality Act (INA), exposing them to legal action. Out of more than 10,000 hires, SpaceX only hired one asylee during that period, according to the lawsuit. The DOJ did not directly cite its guidance in the SpaceX lawsuit, but used nearly identical language to describe the company's alleged violations. "Export control laws and regulations do not prohibit or restrict employers from hiring asylees and refugees; those laws treat asylees and refugees just like U.S. citizens," the department said.

Persons: Dado Ruvic, Elon Musk, Rebecca Bernhard, Bernhard, aslyees, Musk, asylees, Daniel Wiessner, Amy Stevens, Deepa Babington Organizations: SpaceX, Elon, REUTERS, Space Exploration Technologies, U.S . Department of Justice, DOJ, General Motors Co, Immigration, INA, Justice Department, Companies, Thomson Locations: Minneapolis, U.S, United States, Albany , New York

☆ Indexes end higher in volatile trade as investors assess Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. Powell "is demonstrating that he is pleased with how far monetary policy has come and how inflation has been reduced. All of the major S&P 500 sectors rose, with consumer discretionary (.SPLRCD), technology (.SPLRCT) and energy (.SPNY) among the top gainers. Reuters GraphicsThe S&P 500 and Nasdaq also ended higher for the week, with the Nasdaq rising about 2.3% and ending a three-week streak of losses. The S&P 500 posted 6 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 23 new highs and 202 new lows.

Persons: Jerome Powell, Powell, Michael Arone, Brendan McDermid, Nordstrom, Caroline Valetkevitch, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: Marvell Technology, Nordstrom, Dow, Nasdaq, Federal, State Street Global Advisors, Dow Jones, Reuters, Traders, New York Stock Exchange, REUTERS, Hostess Brands, Hawaiian Electric Industries, NYSE, Thomson Locations: U.S, , Wyoming, Boston, New York City, Hawaii, Maui

☆ Indexes end higher in volatile trade as investors take in Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. According to preliminary data, the S&P 500 (.SPX) gained 29.01 points, or 0.66%, to end at 4,405.32 points, while the Nasdaq Composite (.IXIC) gained 125.16 points, or 0.93%, to 13,589.13. All of the major S&P 500 sectors ended higher, with energy (.SPNY), consumer discretionary (.SPLRCD) and technology (.SPLRCT) among the top gainers. The S&P 500 and Nasdaq also ended higher for the week, with the market gaining in the run up to Nvidia's (NVDA.O) second-quarter results.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Arone, Nordstrom, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Nordstrom, Federal, Nasdaq, Dow Jones, State Street Global Advisors, Hostess Brands, Reuters, Thomson Locations: New York City, U.S, , Wyoming, Boston, Hawaii, Maui, New York

☆ Worker death prompts US FAA to issue aviation ground safety alert
▼ + stars: | 2023-08-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

An American Airlines worker is seen at the Los Angeles international airport in Los Angeles, California, U.S., October 31, 2021. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsWASHINGTON, Aug 25 (Reuters) - The death of an airline employee in December and another serious injury prompted the Federal Aviation Administration (FAA) to issue a safety alert on Friday to airlines in an effort to prevent more incidents. The safety alert reiterates that "it is important for workers to remain clear of operating engines until they are shut down," the FAA said. The alert comes as questions arise about U.S. aviation safety after a series of troubling near-miss incidents. The flight was operated by Envoy Air, a wholly-owned subsidiary of American Airlines and the worker was employed by Piedmont Airlines, another American subsidiary.

Persons: Carlos Barria, David Shepardson, Deepa Babington, Marguerita Choy Organizations: American Airlines, Los Angeles, REUTERS, Rights, Federal Aviation Administration, FAA, Montgomery Regional Airport, Envoy Air, Piedmont Airlines, Occupational Safety, Health Administration, Airlines, Safety, Health, Commission, Thomson Locations: Los Angeles , California, U.S, Alabama

☆ Worker death prompts US authorities to issue aviation ground safety alert
▼ + stars: | 2023-08-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Persons: Carlos Barria, David Shepardson, Deepa Babington Organizations: American Airlines, Los Angeles, REUTERS, Rights, Federal Aviation Administration, FAA, Montgomery Regional Airport, Envoy Air, Piedmont Airlines, Occupational Safety, Health Administration, Airlines, Safety, Health, Thomson Locations: Los Angeles , California, U.S, Alabama

The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may be failing to pay their taxes. It would also subject digital asset brokers to the same information reporting rules as brokers for other financial instruments, such as bonds and stocks, Treasury said. Brokers would need to send the forms to both the IRS and digital asset holders to assist with their tax preparation. The new requirements stem from the $1 trillion 2021 Infrastructure Investment and Jobs Act, which included a provision that aimed to increase tax reporting requirements for digital asset brokers. It instructed the IRS to define what firms qualified as crypto brokers and provide forms and instructions for reporting.

Persons: Dado Ruvic, Kristin Smith, Miller Whitehouse, Levine, Elizabeth Warren, Hannah Lang, Deepa Babington, Michelle Price Organizations: REUTERS, Internal Revenue Service, Treasury, Treasury Department, IRS, Investment, Jobs, Blockchain, DeFi, Democratic, Thomson Locations: U.S, Washington

☆ Major indexes fall 1%, focus shifts to upcoming Powell speech
▼ + stars: | 2023-08-24 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Shares of Nvidia (NVDA.O) ended barely higher after they hit a record high early in the session. All of the major S&P 500 sectors were down on the day, however, and an index of semiconductors (.SOX) dropped 3.4%. Reuters GraphicsAmong the day's decliners, Dollar Tree (DLTR.O) shares dropped 12.9% after the retailer forecast annual profit largely below estimates. The S&P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 35 new highs and 220 new lows.

Persons: Robert Galbraith, Jerome Powell's, Powell's, it's, Jay Powell, Jake Dollarhide, Patrick Harker, Amruta Khandekar, Shreyashi Sanyal, Shristi, Savio D'Souza, Shinjini Ganguli, Deepa Babington Organizations: Nvidia, REUTERS, Dow, Nasdaq, Federal, Longbow, Management, Dow Jones, Treasury, Philadelphia Fed, CNBC, Reuters Graphics, NYSE, Thomson Locations: Santa Clara , California, Jackson Hole , Wyoming, Tulsa , Oklahoma, Bengaluru

Brent crude rose 15 cents, or 0.2%, to $83.36 a barrel, while U.S. West Texas Intermediate crude rose 16 cents, or 0.2%, to $79.05 a barrel. Prices traded lower for the majority of the session, before pushing higher in the last half hour of trading. Investor caution on the eve of his remarks lifted the safe-haven dollar, which makes oil more expensive for holders of other currencies, denting demand. Euro zone business activity also declined more than expected and Britain's economy looked set to shrink in the current quarter. On the supply side, Iran's crude oil output will reach 3.4 million barrels per day (bpd) by the end of September, the country's oil minister was quoted as saying by state media, even though U.S. sanctions remain in place.

Persons: Brent, Giovanni Staunovo, Jackson, Jerome Powell, Craig Erlam, Erlam, Shariq Khan, Ahmad Ghaddar, Mohi Narayan, Kim Coghill, David Evans, David Gregorio, Deepa Babington Organizations: cnsphoto, REUTERS, bbl, U.S, Fed, West Texas, UBS, U.S . Federal, Federal Reserve, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU, Europe, New York, Amsterdam, Rotterdam, Antwerp, U.S ., Japan, Venezuela, American

☆ Wall St ends down sharply, focus shifts to upcoming Powell speech
▼ + stars: | 2023-08-24 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. All of the major S&P 500 sectors were down on the day, however, and an index of semiconductors (.SOX) also dropped. "As much as investors want to focus on Nvidia and want to focus on tech - and it's been a good year so far - this is still a market that is Fed obsessed. The market had gained along with Nvidia this week ahead of the company's report on hopes that its forecast could extend this year's artificial intelligence tech stock rally. Reuters GraphicsAmong the day's decliners, Dollar Tree (DLTR.O) shares dropped after the retailer forecast annual profit largely below estimates.

Persons: Robert Galbraith, Jerome Powell's, Powell's, it's, Jay Powell, Jake Dollarhide, Patrick Harker, Amruta Khandekar, Shreyashi Sanyal, Shristi, Savio D'Souza, Shinjini Ganguli, Deepa Babington Organizations: Nvidia, REUTERS, Nasdaq, Federal, Dow Jones, Longbow, Management, Treasury, Philadelphia Fed, CNBC, Reuters Graphics, Thomson Locations: Santa Clara , California, Jackson Hole , Wyoming, Tulsa , Oklahoma, Bengaluru

☆ TD expects penalties from US probes on money laundering
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

Toronto-Dominion Bank (TD) logos are seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsCompanies Toronto-Dominion Bank FollowTORONTO, Aug 24 (Reuters) - TD Bank Group (TD.TO) on Thursday said it expects fines and "non-monetary" penalties related to investigations by U.S. authorities over its anti-money laundering compliance program. "The bank is cooperating with such authorities and is pursuing efforts to enhance its Bank Secrecy Act/anti-money laundering compliance program," TD said in the filing. "What I can say ... we are pursuing efforts to enhance our U.S. AML compliance program," he told analysts. The lender scrapped its planned $13.4 billion acquisition of U.S. regional lender First Horizon earlier this year, a move that was cheered by investors amid the U.S. regional banking crisis.

Persons: Chris Wattie, Canada's, Bharat Masrani, TD, Gabriel Dechaine, Denny Thomas, Nivedita Balu, Deepa Babington Organizations: Dominion Bank, REUTERS, Rights Companies, TORONTO, Bank Group, U.S, U.S . Department of Justice, Bank, First, National Bank, DOJ, Thomson Locations: Toronto, Ottawa , Ontario, Canada, Rights Companies Toronto, U.S

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