By Dawn Chmielewski and Svea Herbst-Bayliss (Reuters) -Filmmaker George Lucas has backed Walt Disney CEO Bob Iger in the media company’s bitter proxy battle with activist investor Nelson Peltz a[...]
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NEWSLETTER
EV Startup Fisker to Raise up to $150 Million, Pauses Production
(Reuters) -Fisker said on Monday it would pause production of its electric vehicles for six weeks and raise up to $150 million in funding by selling convertible notes as the startup tries to navigate[...]
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TikTok’s U.S. Revenue Hits $16 Billion As Washington Threatens Ban, FT Reports
(Reuters) – China’s ByteDance-owned TikTok posted revenue of about $16 billion last year in the United States, where the viral video app that has hooked Gen Z users is at the risk of being[...]
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SpaceX’s third Starship test flight gets FAA green light
By Joey Roulette WASHINGTON (Reuters) – The FAA on Wednesday granted SpaceX a license to test-launch the company’s Starship rocket system from Texas, according to the agency’s websit[...]
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Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores
By Granth Vanaik and Anuja Bharat Mistry (Reuters) -Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stor[...]
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Stocks, US yields climb after inflation data
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was set to snap a two-session fall on Tuesday, rising along with Treasury yields after data showed U.S. inflation remained sticky in F[...]
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Reddit targets up to $6.4 billion valuation in much-awaited US IPO
By Niket Nishant, Manya Saini and Echo Wang (Reuters) – Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday[...]
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S&P Index Error May Have Sparked Turbulence in Morgan Stanley, Pfizer Shares, Traders
By Suzanne McGee and Tatiana Bautzer (Reuters) – An error by S&P Dow Jones Indices may have contributed to volatility in shares of Morgan Stanley, Pfizer, PNC Financial Services Group and ot[...]
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Goldman Sachs Expects U.S. Buybacks to Top $1 Trillion in 2025
(Reuters) -Goldman Sachs expects U.S. share buybacks to exceed $1 trillion for the first time in 2025, driven by strong earnings growth from technology companies and looser financial conditions as the[...]
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