By Jonathan Stempel NEW YORK (Reuters) -Investors in GameStop have for now withdrawn their lawsuit accusing Keith Gill, who is known as “Roaring Kitty” and helped spur the meme stock mania[...]
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July 1, 2024
GE Aerospace extends CEO Culp’s contract till end of 2027
(Reuters) – GE Aerospace said it has extended chief executive Larry Culp’s tenure till the end of 2027, with a possibility of further extension by another year, a regulatory filing showed[...]
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Uber expands boat services across Europe to capture tourist demand
(Reuters) – Uber Technologies said on Monday it will bring a yacht service to Ibiza and will introduce different water-transport offerings to other European cities in an effort to address the ro[...]
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China says US targeting of AI not helpful to healthy development
By Michelle Nichols UNITED NATIONS (Reuters) – U.S. targeting of certain investments in artificial intelligence in China is not helpful to the “healthy development” of AI technology[...]
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Hedge funds dump tech stocks at fastest pace since 2016, bank shows
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by se[...]
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Chewy executives alarmed at ‘Roaring Kitty’ stake in pet-product retailer
By Manas Mishra, Greg Roumeliotis and Suzanne McGee (Reuters) -Stock influencer Keith Gill, known as “Roaring Kitty,” unveiled a 6.6% stake in Chewy on Monday, a surprise move that alarmed[...]
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World Bank Group kicks off $20 billion annual guarantee push
By Marc Jones LONDON (Reuters) – The World Bank Group said on Monday it had started operating a new one-stop-shop loan and investment guarantee platform which it hopes will triple the provision[...]
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BlackRock shareholders vote, keep directors in place in Saba saga
By Svea Herbst-Bayliss NEW YORK (Reuters) -BlackRock won a fight with hedge fund manager Boaz Weinstein last week when shareholders voted at four of its closed-end funds, data showed, keeping the asse[...]
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BlackRock to buy UK data group Preqin for $3.2 billion
(Reuters) – BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in a further expansion by the world’s biggest asset management company into alte[...]
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