By Abhirup Roy and Jody Godoy SAN FRANCISCO (Reuters) -Mike Lynch, the tech founder once hailed as Britain’s answer to Steve Jobs, denied wrongdoing at his fraud trial on Thursday in connection[...]
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May 23, 2024
Analysis-US stock changes push FX trades into Asia’s ‘twilight zone’
By Tom Westbrook SINGAPORE (Reuters) – A shortening of U.S. stock settlement window next week is expected to upend trading for Asian money managers, pushing some to secure funds in the early hou[...]
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SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s SpaceX has initiated discussions about selling existing shares in a deal that could value the company at roughly $200 billion, Bloomberg News reported on Thursday, citing[...]
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Explainer-China’s latest property market support package – its contents and what’s at stake
By Clare Jim HONG KONG (Reuters) – China announced “historic” steps last week to stabilise its crisis-hit property sector, aiming to clear inventory and boost homebuyer demand. Here[...]
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Stocks fall despite Nvidia boost as inflation concerns weigh
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks ended lower on Thursday, even as a strong revenue forecast for Nvidia fueled a surge in its shares, but that was overshadowed by economic data show[...]
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Charter brings Paramount+ to Spectrum TV customers in new carriage deal
(Reuters) -Paramount Global has signed a new multi-year content distribution deal with Charter Communications for its full portfolio of linear cable networks, the companies said on Thursday. The compa[...]
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Boeing sees free cash burn in 2024 as deliveries remain sluggish
By Allison Lampert and David Shepardson (Reuters) -Boeing will burn rather than generate cash in 2024 and deliveries will not increase in the second quarter, the company’s finance chief said on[...]
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Explainer-Why U.S. concert tickets are so expensive
By Dawn Chmielewski (Reuters) – The U.S. Justice Department on Thursday sued to break up Live Nation Entertainment, saying the big concert promoter and its Ticketmaster unit illegally inflated c[...]
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Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky
By Christoph Steitz and Ludwig Burger FRANKFURT (Reuters) -Thyssenkrupp on Thursday said its supervisory board approved a planned sale of 20% of the conglomerate’s steel division to Czech billio[...]
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