By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Third Point LLC owns a stake in Salesforce Inc at the same time the software company is facing pressure from four activist investment firms[...]
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February 8, 2023
Mattel expects 2023 profit below estimates as inflation dampens demand
By Granth Vanaik and Uday Sampath Kumar (Reuters) -Mattel Inc projected 2023 earnings below expectations on Wednesday, as stubbornly high inflation is likely to impact consumer spending on its Fisher-[...]
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Ancora secures Ritchie Bros stake, criticizes investors opposing $6 billion IAA deal
By Svea Herbst-Bayliss NEW YORK (Reuters) – Ancora Group Holdings, a key shareholder in U.S. auto retailer IAA, has accumulated a new 0.5% stake in Canada’s Ritchie Bros Auctioneers and is[...]
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Marketmind: Surprise surprise!
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. With little on Thursday’s Asian economic data docket aside from Taiwanese inflation, investors w[...]
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Turkish bourse shuts for five days, cancels trades after earthquake
(Reuters) -Istanbul’s stock exchange operator suspended trading until Feb. 15 and cancelled all Wednesday’s trades in the wake of devastating earthquakes that struck Turkey and Syria on Mo[...]
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U.S. senators ask Starbucks CEO to testify at March 9 hearing
By David Shepardson WASHINGTON (Reuters) -U.S. Senator Bernie Sanders, who chairs a committee on labor issues, and 10 other members of the committee have asked Starbucks Corp Chief Executive Howard Sc[...]
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U.S. Treasury’s Yellen: inflation remains elevated but there are encouraging signs
By David Lawder and Kanishka Singh SPRING HILL, Tenn./WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that while inflation remained elevated, there were encouraging[...]
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U.S. probe finds no evidence of Tesla Autopilot use in 2021 Texas crash
By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) – A U.S. safety board said Wednesday found no evidence a Tesla Model S was operating on Autopilot during an April 2021 fatal crash, sayin[...]
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BNPL lender Affirm to cut about 19% of its workforce
(Reuters) – Buy-now-pay-later lending firm Affirm Holdings Inc on Wednesday announced a restructuring plan to reduce about 500 employees, or about 19% of its workforce, sending the company[...]
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