A look at the day ahead in U.S. and global markets from Mike Dolan. The jolt to world markets from Tuesday’s explosion in Poland reminded otherwise buoyant investors that geopolitics remain a ma[...]
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US
SpaceX mulling secondary share sale at $150 billion valuation -sources
By Krystal Hu and Eva Mathews (Reuters) -Elon Musk’s rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at up to $150 billion, re[...]
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Musk’s all-nighters at Twitter raise concern for Tesla investors
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – In 2018, Elon Musk was working through the night and sleeping at Tesla Inc’s factories in California and Nevada as the company str[...]
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Asian hedge funds amassed China’s Pinduoduo, ditched JD.com in Q3
By Summer Zhen HONG KONG (Reuters) – Some of Asia’s largest hedge funds scooped up large stakes in Chinese e-commerce giant Pinduoduo in the third quarter while cutting holdings in its rival JD.[...]
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Fowl play: Large turkeys scarce ahead of big U.S. Thanksgiving gatherings
By Tom Polansek CHICAGO (Reuters) – Cooks may have to put away their oversized platters for serving turkey this Thanksgiving. Birds weighing in at a hefty 18 to 20 pounds (8.2 to 9.1 kg), enough[...]
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FTX’s Bahamas unit seeks Chapter 15 bankruptcy protection -filing
(Reuters) – FTX’s Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court filing showed on Tuesda[...]
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Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive[...]
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Amazon’s cloud computing unit plans to invest 2.5 billion euros in Spain, to support 1,300 jobs
MADRID (Reuters) – Amazon’s cloud computing unit AWS plans to invest 2.5 billion euros ($2.60 billion) in Spain over the coming 10 years, supporting 1,300 full-time jobs in the country, th[...]
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Column-Housing storm leaves UK exposed, skews policy: Mike Dolan
By Mike Dolan LONDON (Reuters) – If financial markets bore the brunt of this year’s interest rate shock, housing now stands in the firing line. And a residential real estate quake would hu[...]
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