The U.S. Securities and Exchange Commission has updated its guidance, now requiring activist investors to identify their clients in key regulatory filings, a move that increases transparency in corporate proxy fights.
New York City will require businesses to offer a simple 'Click to Cancel' option for subscriptions and disclose all mandatory fees upfront, with the new rules taking effect on October 1.
U.S. equity markets finished the trading week on a positive note, with the S&P 500 and Dow Jones Industrial Average posting gains driven by strength in the technology and basic materials sectors.
The owner of Men's Wearhouse and Jos. A. Bank has filed for a U.S. initial public offering, showing a rise in quarterly revenue to $681.8 million as it continues its turnaround from a 2020 bankruptcy.
Colombia's benchmark COLCAP stock index closed up 0.65% on Friday, driven by gains in the industrial, services, and agriculture sectors. The advance occurred as the Colombian peso strengthened against the U.S. dollar.
President Volodymyr Zelenskiy announced the creation of a special 'long-range impact' command to intensify strikes on Russia's energy and logistics sectors. The move follows a series of attacks that have reportedly disrupted Russian fuel supplies and commodity exports.
The average price for gasoline in the U.S. posted its largest weekly gain since mid-May, rising to $3.88 per gallon as renewed conflict between the U.S. and Iran sent crude oil prices soaring.
The main sea freight index for dry bulk commodities advanced on Friday, driven by a significant surge in rates for larger capesize vessels, concluding the week with a notable 8.4% increase.
Russia has temporarily suspended shipping through the Don-Azov channel, a key route for grain, after a reported Ukrainian attack on its vessels. The move could affect nearly a quarter of the country's wheat exports.
