Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Ackman gives up on Netflix, taking 0 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more

How the US plans to starve Russia’s ‘war machine’ -Treasury’s Adeyemo to Reuters

How the US plans to starve Russia’s ‘war machine’ -Treasury’s Adeyemo to Reuters

WASHINGTON, April 7 (Reuters) – The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, US Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday. The United … Read more

US stops Russian bond payments in bid to raise pressure on Moscow

US stops Russian bond payments in bid to raise pressure on Moscow

Russian ruble banknotes are seen in this illustration picture shot September 30, 2014. REUTERS/Maxim Zmeyev/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK/WASHINGTON, April 4 (Reuters) – The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at American … Read more