Explainer: How a massive options trade by a JP Morgan fund can move markets

NEW YORK, June 28 (Reuters) – A nearly $ 17 billion JP Morgan fund is expected to reset its options positions on Thursday, potentially adding to equity volatility at the end of a dismal first half for stocks. Analysts say the JPMorgan Hedged Equity Fund’s reset roiled markets in the closing hours of the last … Read more

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banks found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first … Read more

Legal clashes await US companies covering workers’ abortion costs

June 26 (Reuters) – A growing number of large US companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal experts said . Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Lyft Inc … Read more

Credit Suisse faces verdict in cocaine-cash trial

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS / Arnd Wiegmann / File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Swiss judges are set to rule on Monday whether Credit Suisse (CSGN.S) … Read more

Factbox: Companies offering abortion travel benefits to US workers

June 25 (Reuters) – A growing number of companies, including JPMorgan Chase & Co (JPM.N), Amazon.com Inc (AMZN.O), Tesla Inc (TSLA.O), and Walt Disney Co (DIS.N) are rolling out policies to offer benefits to US employees who may need to access abortion services. The U.S. Supreme Court on Friday took the dramatic step of overturning … Read more

Disney, other US companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – US companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ expenses if they have to travel for abortion services after the US Supreme Court overturned Roe v Wade. The US Supreme Court on Friday overturned the landmark 1973 … Read more

Reading the market tea-leaves for global recession risks

A Wall Street sign outside the New York Stock Exchange in New York City, New York, US, October 2, 2020. REUTERS / Carlo Allegri // File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) – The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring … Read more

Putin signs decree on new scheme to service Eurobonds as default looms

Russian President Vladimir Putin chairs a meeting with members of the Security Council via video link in Moscow, Russia June 22, 2022. Sputnik / Mikhail Metzel / Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 22 (Reuters) – President Vladimir Putin signed a decree on Wednesday to establish temporary … Read more

Warren Buffett charity lunch fetches record winning bid of $ 19 million

June 18 (Reuters) – A wealthy person has bid a record $ 19 million to eat lunch with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned off a private lunch to benefit a San Francisco charity. The winning bid at the eBay auction, which ended on Friday, far surpassed the … Read more

Global markets quake as central banks grow more hawkish

A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 16, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 17 (Reuters) – Expectations for how drastically central banks need to tighten monetary policy … Read more