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U.S. Supreme Court divided over Coinbase arbitration dispute

U.S. Supreme Court divided over Coinbase arbitration dispute

by Reuters | Mar 21, 2023 | Business, Top News, US

By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared divided over a bid by cryptocurrency exchange Coinbase Global Inc to halt customer lawsuits, including by a user who sued after a scammer stole money from his...
U.S. states urge Hyundai, Kia to do more to tackle theft risk

U.S. states urge Hyundai, Kia to do more to tackle theft risk

by Reuters | Mar 20, 2023 | Asia, Business, Technology, US

By David Shepardson WASHINGTON (Reuters) -A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor and Kia Corp and said they need do more to address problems with millions of U.S. vehicles that are prone to theft. Last month, the Korean automakers...
Google denies destroying ‘chat’ evidence in U.S. antitrust lawsuit

Google denies destroying ‘chat’ evidence in U.S. antitrust lawsuit

by Reuters | Mar 20, 2023 | Business, Technology, US

By Mike Scarcella (Reuters) – Alphabet Inc’s Google has denied intentionally destroying evidence in the U.S. Justice Department’s antitrust lawsuit over the company’s search business, in a response to the government’s bid for sanctions in...
Biden takes aim at failed bank executives’ pay, asks Congress to act

Biden takes aim at failed bank executives’ pay, asks Congress to act

by Reuters | Mar 17, 2023 | Business

By Jeff Mason and Pete Schroeder WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines for managers, clawing back executives’ compensation and...
US banking system sound but not all deposits guaranteed, Yellen says

US banking system sound but not all deposits guaranteed, Yellen says

by Reuters | Mar 16, 2023 | Business, Economy, Europe, Top News, UK, US

By David Lawder and Doina Chiacu WASHINGTON (Reuters) -The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank...
Tech stocks emerge as haven in sell-off fueled by bank worries

Tech stocks emerge as haven in sell-off fueled by bank worries

by Reuters | Mar 15, 2023 | Business, Economy, Technology, US

By Lewis Krauskopf NEW YORK (Reuters) – Investors are gravitating toward big technology stocks as banking crisis worries rock U.S. markets, hoping the shares are better positioned to withstand a possible economic downturn and will benefit from a steep drop in...
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