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Two Sigma Investments and D.E. Shaw are among several Wall Street investment firms and hedge funds that are fighting a proposal to allow companies to opt out of quarterly reporting, according to people familiar with the matter, on concerns it would reduce the flow of key financial information for investors in public companies.The funds' opposition adds to a cohort of institutional investors and hedge funds that includes billionaire Ken Griffin's Citadel. They are working behind the scenes to express their views ahead of an expected U.S. Securities and Exchange Commission proposal and comment

Two Sigma, D.E. Shaw join Wall Street push against US SEC's bid to relax quarterly reporting

Kremlin says US has rejected its proposal that Russia take Iranian uranium stocks

Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

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Bessent says he is optimistic Warsh will be Fed chair 'on time'

U.S. Treasury Secretary Scott Bessent on Wednesday said he was optimistic that Kevin Warsh, President Donald Trump's nominee for Federal Reserve Chair, would assume the post on time. "He is going to have a hearing on the 21st of this month. He's a great candidate. We know that the Republicans on the Senate Banking Committee are aligned in that," Bessent told a White House briefing."I am very optimistic that Kevin Warsh will be the Chair of the Fed on time," he said. (Reporting by Steve Holland, writing by Bhargav Acharya;Editi9ng by David Ljunggren)

White House has no opinion on potential United Airlines deal for American Airlines

Colombia court orders Petro government to return emergency funds

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Netherlands to spend nearly $300 million euros on drones for Ukraine

The Netherlands will spend 248 million euros ($293 million) on producing drones for Ukraine, Dutch Defence Minister Dilan Yesilgoz-Zegerius said on Wednesday."Drones play a crucial role on the modern battlefield. Ukrainians deploy them with incredible skill to repel the incessant Russian attacks," she said after meeting her counterparts from NATO countries and the alliance's Secretary General Mark Rutte in Berlin on Wednesday."Thanks to the good cooperation with Ukraine, we are learning directly from this. This also offers opportunities for our business community," she added. The drones will

Europe sees record jet inflows from US in April

L3Harris announces $1.27 billion expansion project at Virginia site

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Wall Street sank on Iran war fears. Now it’s surging. Here’s why

US stocks have been on a two-week rally that has helped the S&P 500 and Nasdaq erase all losses tied to the outbreak of the war with Iran.The S&P 500 has risen nine out of the past 10 trading sessions, gaining 10% across that period and putting the index up more than 1% since the US-Israeli war with Iran began at the end of February.The S&P on Wednesday rose 0.5% and hit a fresh intraday record high of 7,003.82 points, surpassing its last record set in January. It’s a stark shift from just a few weeks ago, when the index was down roughly 9% since its January peak.What’s changed? Investors

Business|Election|Finance|Political|US

James Talarico says he’s raised $27 million in first three months of 2026, part of Democratic fundraising surge

Texas Democratic Senate candidate James Talarico announced a first-quarter fundraising haul of more than $27 million on Wednesday, among the largest totals reported by a US Senate candidate.Talarico, a state representative and Presbyterian seminarian, won the Democratic nomination in March over US Rep. Jasmine Crockett. His campaign said he has raised $10 million since the March 3 primary.Democrats are hoping Talarico will be able to put reliably red Texas in play at the statewide level as they face a tough national map for Senate control that would require them to net four seats. The Democrat

Trump says he’ll fire Powell next month if he stays in his role at the Fed

Trump recalls how Ruth Bader Ginsburg’s death affected the Supreme Court as he discusses Samuel Alito’s future

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New accuser says Eric Swalwell sexually assaulted her

A woman on Tuesday accused Rep. Eric Swalwell of sexually assaulting her, saying at a news conference that the congressman raped her in 2018 at a Los Angeles-area hotel.Lonna Drewes and her lawyer, Lisa Bloom, said they planned to report the assault to the Los Angeles County Sheriff’s Department.Bloom declined to share detailed corroboration of Drewes’ claims, which CNN could not independently verify, saying that evidence would be shared with law enforcement authorities first.In a statement late on Tuesday, the sheriff’s department said its Special Victims Bureau is now investigating the

Health|Political|US

Why Justice Alito was taken to a hospital last month

President Donald Trump has considered the possibility that conservative Justice Samuel Alito might step down later this year, giving him the ability to nominate a fourth justice to the Supreme Court.Trump said he has a list of potential candidates in mind if a seat opens on the nine-justice bench this year. And when asked about the importance of the possibility of Alito stepping down while Republicans are in control of the Senate, Trump pointed to how Justice Ruth Bader Ginsburg’s death in 2020 shifted the court.“Ginsburg could not do it, and she really hurt herself within the Democrat Par

Pileup of about 70 vehicles on Interstate 70 in Colorado sends 8 to the hospital

Gavin Newsom faces growing pressure to intervene in a scrambled California governor’s race

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After criticizing the pope, Trump slams Italy's Meloni over lack of support for Iran war

Italian Premier Giorgia Meloni was supposed to be Europe’s bridge to U.S. President Donald Trump. It may be burning. After chastising Pope Leo XIV, Trump turned his ire on Meloni, long one of his closest European allies, for calling his papal broadside “unacceptable” and not backing the U.S.-Israel war on Iran. “I thought she had courage,’’ Trump said in an interview with leading Italian daily Corriere della Sera. “I was wrong.” Meloni has not directly responded to Trump’s attacks. But they may be to her advantage as she recovers f

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Snapchat owner cuts 16% of global staff in latest round of job cuts

The owner of social media platform Snapchat said Wednesday it's eliminating about 16% of its global workforce, or about 1,000 jobs that will be culled in its latest round of layoffs. Snap Inc. said in a regulatory filing that the job cuts will cost about $95 million to $130 million in severance payments and related costs. “The headcount reduction is designed to further streamline our operations and reallocate resources toward our highest-priority initiatives, leveraging increased operational efficiencies to accelerate our path toward net-income pr

Seoul court sentences US YouTuber to 6 months in jail over offensive stunts

Why are some ships going through the Strait of Hormuz during a blockade?

Ye postpones Marseille concert after French authorities say they will seek a ban

The rapper formerly known as Kanye West postponed his upcoming show in the city of Marseille after French authorities said they would seek to ban the concert. The decision by Ye came a week after he was banned from entering the U.K., where he was scheduled to headline the Wireless Festival in July, following a backlash over the artist’s history of antisemitic remarks. “After much thought and consideration, it is my sole decision to postpone my show in Marseille, France until further notice,” Ye wrote Wednesday on the social network X. “I know it takes time

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How do shipowners navigate Trump's blockade?

The United States’ blockade of Iranian ports has been “fully implemented” and put a halt to most of Tehran’s economic activity in just a day and a half, the head of US Central Command said Wednesday.“An estimated 90% of Iran’s economy is fueled by international trade by sea. In less than 36 hours since the blockade was implemented, US forces have completely halted all economic trade going into and out of Iran by sea,” Adm. Brad Cooper said in a statement on social media.US Central Command (CENTCOM) said earlier no vessels have breached the blockade since its implementation.At the