By Jonathan Stempel NEW YORK (Reuters) – Sigma Lithium, which produces metal used in electric vehicle batteries, has sued a former co-chief executive officer, accusing him of stealing trade secr[...]
Read more
August 22, 2023
Dollar firmer as traders look to Jackson Hole gathering
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday, nearing a two-month peak touched last week, as traders awaited the Jackson Hole Symposi[...]
Read more
Nvidia options show traders positioned for outsized share move after earnings
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia’s shares following the chipmaker’s quarterly res[...]
Read more
Fewer overseas tourists in US hurt Macy’s sales
By Katherine Masters and Doyinsola Oladipo NEW YORK (Reuters) -Macy’s is the latest major retail chain to disclose that significantly fewer overseas tourists in the United States are hurting ove[...]
Read more
Cryptoassets increase risk in developing economies, study says
NEW YORK (Reuters) – Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, accord[...]
Read more
Toronto equity forecasts reduced as downside risks lurk – Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s commodity-linked main stock index is expected to rise less than previously expected over coming months and could see a correction as investors[...]
Read more
Microsoft, Activision to sell streaming rights to secure biggest video gaming deal
By Kate Holton and Paul Sandle LONDON (Reuters) -“Call of Duty” maker Activision Blizzard will sell its streaming rights to Ubisoft Entertainment in a fresh attempt to win approval from Br[...]
Read more
Dick’s Sporting shares slide as costs, inventory shrink slam annual profit outlook
(Reuters) – Dick’s Sporting Goods shares slumped as much as 24.5% on Tuesday as the footwear retailer slashed its full-year profit target after missing expectations for the second quarter.[...]
Read more
US fines Nomura $35 million over traders’ lies about bond prices
By Jonathan Stempel (Reuters) -Nomura Holdings agreed to pay a $35 million fine and enter a non-prosecution agreement to resolve a decade-long U.S. Department of Justice criminal fraud probe into trad[...]
Read more