Ryan Cohen’s $60 million Bed Bath u-turn triggers meme stock investor ire

An exterior view shows a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin Join now for FREE unlimited access to Reuters.com Register Aug 19 (Reuters) – Investors flooded social media platforms such as Reddit on Friday with criticism of Ryan Cohen’s sale of his stake in Bed Bath & … Read more

Shares choppy, U.S. yields fall as investors digest Fed minutes

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying the Shanghai Composite Index, Nikkei Index and Dow Jones Industrial Average in front of a house of brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Join now for FREE unlimited access to Reuters.com Register … Read more

Fed minutes show more rate hikes coming, but pace could slow

Fed minutes show more rate hikes coming, but pace could slow

The Federal Reserve Building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that inflationary pressures in the United States were easing and worked to force the … Read more

Musk’s tweets about buying Manchester United no joke for fed-up fans

Musk's tweets about buying Manchester United no joke for fed-up fans

Aug 17 (Reuters) – After watching eight managers come and go in less than 10 years, Manchester United fans are experiencing their false dawns. Wednesday shed a different light on the conflicts within the giant soccer club: Elon Musk said he was buying it – then said it was all a joke. Musk, the world’s … Read more

Elon Musk says he was joking about buying Manchester United

Elon Musk says he was joking about buying Manchester United

Aug 17 (Reuters) – Elon Musk, the world’s richest person, said early on Wednesday he was joking when he tweeted hours earlier that he would buy currently struggling English soccer club Manchester United Plc ( MANU.N). “No, that’s a longtime joke on Twitter. I don’t buy any sports teams,” Musk said when asked by a … Read more

U.S. housing starts near 1-1/2-year low; factory output rebounds

U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts fell by 9.6%; building permits fall by 1.3% Single-family housing starts fall by 10.1%; permits down 4.3% The housing construction order book increases by 5.0% Manufacturing production rebounds by 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. home construction fell to its lowest level in nearly a year and a half in July, weighed … Read more

American Airlines bets on supersonic travel with Boom jet deal

American Airlines bets on supersonic travel with Boom jet deal

Aug 16 (Reuters) – American Airlines Group Inc (AAL.O) agreed on Tuesday to buy up to 20 jets from aircraft maker Boom Supersonic, becoming the second major U.S. airline to bet on ultra-fast travel. rapidly over the past two years. The deal brings Boom’s order book to 130 aircraft, including options, worth about $26 billion, … Read more

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent … Read more

British Open champion Smith to miss BMW Championship with hip injury

British Open champion Smith to miss BMW Championship with hip injury

August 14, 2022; Memphis, Tennessee, USA; Cam Smith keeps an eye on his putt during the final round of the FedEx St. Jude Championship Golf Tournament at TPC Southwind. Mandatory Credit: David Yeazell-USA TODAY Sports/ Join now for FREE unlimited access to Reuters.com Register Aug 15 (Reuters) – British Open champion Cameron Smith has withdrawn … Read more

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 14, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The decision to remove five Chinese state-owned companies from the New York Stock Exchange (NYSE) indicates that Beijing may … Read more