By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) -World stocks hit an all-time high and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, but also signalled that further moves could take a while. ECB policymakers duly delivered their widely-flagged quarter-point…
(Reuters) -The National Basketball Association is closing in on media rights deals with Comcast-owned NBC, Disney’s ESPN, and Amazon.com that would generate about $76 billion in media revenue over 11 years, the Wall Street Journal reported on Wednesday. Rights to the widely watched professional basketball league are a prized possession for media companies. Sports content…
By Joey Roulette CAPE CANAVERAL, Florida (Reuters) -Boeing’s new Starliner capsule flew its first crew of astronauts to space on Wednesday from Florida in a much-delayed test mission to the International Space Station, a milestone in the aerospace giant’s ambitions to step up its competition with Elon Musk’s SpaceX. The CST-100 Starliner, with astronauts Barry…
By David Randall NEW YORK (Reuters) – Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror. The company’s shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in…
By Arasu Kannagi Basil and Sinéad Carew (Reuters) -A glitch at the New York Stock Exchange triggered massive swings in the shares of Berkshire Hathaway and Barrick Gold, and trading halts in dozens of other companies on Monday, before the bourse fixed the problem. NYSE, owned by Intercontinental Exchange, by late morning said on its…
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds dumped equities last week, in a painful week for their portfolios as the U.S. main indexes fell and hit their long bets, Morgan Stanley said in a note. The bank described last week as “ultimately one of the more challenging we have seen in recent…
By Medha Singh (Reuters) – Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades. The reliance of virtually all artificial intelligence applications such as OpenAI’s ChatGPT on Nvidia’s high-end chips has helped the…
By Medha Singh (Reuters) -Shares of Trump Media & Technology Group fell about 5% in choppy trading on Friday, after a jury found former U.S. president Donald Trump guilty of falsifying documents to cover up a hush money payment to a porn star. The stock opened higher and was among the top trends on Reddit’s…
By Carolina Mandl (Reuters) -Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump as the former U.S. president seeks to return to the White House, a source familiar with the matter said. Ackman plans to announce which candidate he will endorse on the social media network X, the source said, confirming an earlier…
NEW YORK (Reuters) – The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday’s number, Depository Trust & Clearing Corporation (DTCC) showed this morning. Market participants were expecting it to increase to 4.1% after T+1 implementation, from 2.9%, according…
