Reuters | March 4, 2024
By Manya Saini and Niket Nishant (Reuters) – Short sellers targeting a key regional U.S. bank exchange-traded fund have made $977 million on paper so far in 2024, data from analytics firm Ortex showed, as troubles at New York Community Bancorp rippled across the industry. The fallout from NYCB’s exposure to the troubled commercial real […]
Reuters | March 2, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rose on Friday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, with further support from declining Treasury yields. The gains marked the second straight closing record for the Nasdaq, which also set an intraday record […]
Reuters | March 1, 2024
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -The S&P 500 and Nasdaq closed at record highs and the global equity index advanced on Thursday after a much anticipated U.S. inflation reading provided little surprise for relieved investors and helped push U.S. Treasury yields lower. The Nasdaq registered a record closing high for the […]
Reuters | February 29, 2024
By Aditya Kalra, Dawn Chmielewski and Munsif Vengattil NEW DELHI/LOS ANGELES (Reuters) -India’s top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world’s most populous nation. Reliance, led by Asia’s richest man […]
Reuters | February 27, 2024
By Lucia Mutikani WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods fell by the most in nearly four years in January, while business investment on equipment appeared to have eased, signs that the economy lost momentum at the start of the year. Concerns about the economy’s outlook, especially the labor market, and the upcoming […]
Reuters | February 26, 2024
By Dawn Chmielewski and Svea Herbst-Bayliss (Reuters) -Walt Disney shareholder Blackwells Capital is calling for it to come up with an artificial intelligence (AI) strategy, saying that this could lift the U.S. media and entertainment conglomerate’s stock price by as much as 129%. Blackwells is one of two activist investors pushing for board seats at […]
Reuters | February 24, 2024
By Akash Sriram, Harshita Mary Varghese and Joey Roulette (Reuters) -Shares of moon lander maker Intuitive Machines tumbled 30% in extended trade, wiping out a Friday rally after the company said its spacecraft had tipped over shortly after touching down on the lunar surface a day earlier. The stock of the first private company to […]
Reuters | February 22, 2024
By Curtis Williams HOUSTON (Reuters) -U.S. liquefied natural gas (LNG) company Cheniere Energy on Thursday forecast a lower core profit for 2024 as prices of the fuel buckle under excess supply. Record production, ample inventories in storage and relatively mild weather conditions led to a nearly 40% fall in average Henry Hub prices for U.S. […]
Reuters | February 21, 2024
SAN FRANCISCO (Reuters) – Google on Wednesday released new artificial intelligence (AI) models that outside developers potentially can fashion as their own, following a similar move by Meta Platforms and others. The Alphabet subsidiary said individuals and businesses can build AI software based on its new family of “open models” called Gemma, for free. The […]
Reuters | February 20, 2024
By Akash Sriram (Reuters) – Los Angeles-based startup Arc on Tuesday launched a new mass-market electric sport boat, months after the company backed by basketball player Kevin Durant and Hollywood star Will Smith raised $70 million in early-stage funding. Called Arc Sport, it is priced at $258,000 and comes about two years after the company, […]