Dollar Signs

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 […]

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 […]

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 […]

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 […]

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. […]

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, […]

By Gursimran Mehar and Ananya Mariam Rajesh (Reuters) -Nike will cut about 2% of its total workforce, or more than 1,600 jobs, the sportswear giant said late on Thursday to lower expenses as demand for its shoes and sneakers comes under pressure. Higher rental and interest rates have led customers to cut back spending on […]

WASHINGTON/LONDON (Reuters) -The total value invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange-traded funds continued to support cryptocurrency prices. Bitcoin’s price reached as high as $52,079 on Wednesday, its latest 25-month high. It was last up 4.29% at $51,690, taking the […]