US SEC investigating hedge fund Melvin Capital Management – WSJ

US SEC investigating hedge fund Melvin Capital Management – WSJ

The seal of the US Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, DC, US, May 12, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – The US securities regulator is looking into Melvin Capital Management’s risk controls and investor disclosures after the … Read more

Tesla discloses lobbying effort to set up factory in Canada

Tesla discloses lobbying effort to set up factory in Canada

Aug 9 (Reuters) – Tesla Inc (TSLA.O) is lobbying the Ontario government as part of an effort to set up an “advanced manufacturing facility” in Canada, filing by the electric-vehicle maker to the province’s Office of Integrity Commissioner showed. The company’s Canadian unit is working with the government to “identify opportunities for industrial facility permitting … Read more

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Micron tempers forecast as demand weakness deepens Novavax falls 25% after cutting revenue view by half Indexes mixed: Dow flat, S&P off … Read more

FT says Western governments are alarmed over Turkey’s deepening ties with Russia

FT says Western governments are alarmed over Turkey’s deepening ties with Russia

Turkish President Tayyip Erdogan meets with his Russian counterpart Vladimir Putin in Sochi, Russia August 5, 2022. Turkish Presidential Press Office/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Western governments are increasingly alarmed about deepening economic ties between Turkey and Russia, warning of the mounting risk that … Read more

Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

Amazon’s connected device cart grows with .7 billion deal for Roomba maker

Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its cart of smart home devices. Amazon will pay $61 per share, valuing the Roomba-maker at a … Read more

Pinterest shares surge after Elliott discloses it is the largest shareholder

Pinterest shares surge after Elliott discloses it is the largest shareholder

Screens display the company logo for Pinterest Inc. during the company’s IPO on the front of the New York Stock Exchange (NYSE) in New York, US, April 18, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Activist investor Elliott Investment Management disclosed on Monday it had become … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Microsoft soothes market fears with forecast for strong revenue growth

Microsoft soothes market fears with forecast for strong revenue growth

A Microsoft logo is seen in Los Angeles, California US November 7, 2017. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Microsoft Corp (MSFT.O) on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5%. … Read more

Meta bumps prices of Quest 2 headsets ahead of successor release

Meta bumps prices of Quest 2 headsets ahead of successor release

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Meta Platforms Inc (META.O) said on Tuesday it would raise the prices of its Meta Quest 2 virtual reality (VR) headset by about $100 from August, even … Read more

Zelenskiy says no ceasefire without recovering land lost to Russia

Zelenskiy says no ceasefire without recovering land lost to Russia

Ukraine’s President Volodymyr Zelenskiy attends a joint news briefing with Dutch Prime Minister Mark Rutte (not seen), as Russia’s attack on Ukraine continues, in Kyiv, Ukraine July 11, 2022. REUTERS/Valentyn Ogirenko/File Photo Register now for FREE unlimited access to Reuters.com Register July 22 (Reuters) – Ukrainian President Volodymyr Zelenskiy said a ceasefire with Russia without … Read more