Posts in tag

CYCP08


Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Nvidia gains ahead of quarterly results Sports retailers fall on Foot Locker’s dour forecast Peloton drops on missing positive cash-flow target Indexes up: Dow 0.25%, S&P 0.52%, Nasdaq 0.82% …

May 12 (Reuters) – Luminar Technologies (LAZR.O) CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integrated Whale Media Investments (IWM) said in a statement on Friday. The automotive tech billionaire has agreed to acquire 82% …

April 7 (Reuters) – Rio Tinto, General Motors and even the U.S. Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries. Now those technologies just have to prove they work on a commercial scale. If they do, miners will be able …

Shares of AMC Entertainment (AMC.N) surged another 38% in early deals on Wednesday and were set to open at a record high as individual traders on social media forums were unfazed by a hedge fund flipping its stake in AMC, calling it overvalued. Hedge fund Mudrick Capital Management sold 8.5 million freshly issued AMC shares …

Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood. Bitcoin clawed back some lost ground to trade near $40,000 a day after a brutal selloff, helping renew appetite for risk. Crypto-exchange …

Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia have agreed to a merger to create a multi-billion dollar tech company called GoTo in the country’s largest-ever deal. The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia’s largest economy, will be the biggest privately …