By Pranav Kashyap and Medha Singh (Reuters) – Citron Research no longer has a short position in retail traders’ favorite GameStop, the short seller said on X.com on Wednesday, days after t[...]
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June 12, 2024
Tesla reported to police in Sweden over alleged illegal electrical work
COPENHAGEN (Reuters) – U.S. electric vehicle manufacturer Tesla has been reported to police in Sweden accused of performing electrical installation work without the necessary registration, the S[...]
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GameStop raises $2.14 billion amid Roaring Kitty-fueled retail trading frenzy
(Reuters) -Videogame retailer GameStop said on Tuesday it had completed an “at-the-market” equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme s[...]
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China central bank promotes relending to speed up sales of housing stock
BEIJING (Reuters) – China’s central bank on Wednesday held a meeting to promote its financial support for affordable housing in a bid to accelerate sales of unsold housing stock, as a prop[...]
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Who Else Can Get in Apples Trillion Dollar Territory
By Matteo Allievi (Reuters) -Apple has become the first brand to cross $1 trillion in brand value, a 15% jump from last year, while chipmaker Nvidia’s value has nearly tripled, a global ranking[...]
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Aon, Development Finance Corp offer $350 million in Ukraine war insurance
By Carolyn Cohn and John O’Donnell LONDON/BERLIN (Reuters) – Insurance broker Aon and the U.S. International Development Finance Corporation are offering a $350 million war insurance progr[...]
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Tesla shareholder sues Musk to return billions in alleged unlawful profits
WILMINGTON, Delaware (Reuters) -Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the cour[...]
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EU proposes to sanction Russian shipping giant Sovcomflot, Bloomberg News reports
(Reuters) – The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC in a move to limit the Kremlin’s ability to finance its war against Ukraine, Bloom[...]
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Ford plans to cut up to 1,600 jobs at Valencia plant in Spain
MADRID (Reuters) -U.S. car maker Ford said on Wednesday it plans to cut a further up to 1,600 jobs at its assembly plant in Valencia, Spain, after announcing a reduction of 1,100 staff last year. The[...]
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