Wall Street rally lifts Nasdaq 20% from low as inflation fears to ebb

Wall Street rally lifts Nasdaq 20% from low as inflation fears to ebb

Traders work on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., August 8, 2022. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register The Fed is now expected to achieve a 50 basis point hike in September Consumer price growth slows in the United States in July … Read more

Musk sells Tesla shares worth $6.9 billion, cites possibility of forced deal on Twitter

Musk sells Tesla shares worth .9 billion, cites possibility of forced deal on Twitter

Tesla CEO Elon Musk attends the groundbreaking ceremony for the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds … Read more

Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

A representation of the cryptocurrency is seen in front of the Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Coinbase Global Inc (COIN.O) reported a bigger-than-expected quarterly loss as investors worried about the rout of risky assets this year … Read more

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron stumbles on lower revenue forecasts Semiconductor stocks drop for third session Novavax plummets after halving revenue NEW YORK, Aug 9 (Reuters) – The Nasdaq closed on Tuesday after a dismal forecast from Micron Technology dragged chipmakers and tech stocks lower as investors await inflation data in the United States that could lead the Federal … Read more

Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

AppLovin offers to buy video game software maker Unity for $17.5 billion

AppLovin offers to buy video game software maker Unity for .5 billion

People play ‘Pokemon GO’ during the Pokequan GoBoat Adventure cruise on the Occoquan River in the small town of Occoquan, Virginia, U.S. August 14, 2016. REUTERS/Sait Serkan Gurbuz Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Gaming software company AppLovin Corp (APP.O) on Tuesday made an offer to buy peer … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

Wall Street mixed close on Fed tightening fears; Nvidia weighs

Wall Street mixed close on Fed tightening fears;  Nvidia weighs

Automotive refuels after Senate approves bill with funding for electric vehicles Nvidia slips as falling demand for games hits Q2 revenue Mainly flat indexes Aug 8 (Reuters) – U.S. stock indexes closed little changed on Monday after hit jobs data last week bolstered expectations that the Federal Reserve would clamp down on inflation, while a … Read more

Tata Motors to buy Ford India manufacturing plant for $91m

Tata Motors to buy Ford India manufacturing plant for m

Tata Motors logos are pictured outside their flagship showroom in Mumbai May 28, 2013. Picture taken May 28, 2013. REUTERS/Vivek Prakash Join now for FREE unlimited access to Reuters.com Register Aug 8 (Reuters) – Tata Motors Ltd (TAMO.NS) on Sunday signed a deal to buy Ford Motor’s manufacturing plant in the western state of Gujarat … Read more

Tesla sets August 25 as trading day for three-for-one split stock

Tesla sets August 25 as trading day for three-for-one split stock

The logo of car manufacturer Tesla is seen at a branch in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann Join now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – Tesla Inc (TSLA.O) said on Friday that trading in its three-for-one split shares would begin on August 25, after the electric vehicle maker’s … Read more