Category Archives:
BlackRock woos investors for ethereum trust to further crypto push
(Reuters) - Asset management giant BlackRock on Thursday began courting public investors for an ethereum trust, doubling down on its cryptocurrency bets amid potentially easing regulations over such i...
Nov 16, 2023
Many retail funds fall short in sustainability labelling, UK watchdog says
By Huw Jones LONDON (Reuters) -Many retail investment funds fall short when it comes to accurate labelling of their sustainability features, Britain's Financial Conduct Authority (FCA) said on Thursda...
Nov 16, 2023
Games group Embracer’s shares soar as it tops Q2 profit forecast
By Jesus Calero and Elviira Luoma (Reuters) - Swedish games developer Embracer topped second-quarter operating profit expectations on Thursday, aided by its restructuring efforts, sending its shares u...
Nov 16, 2023
Cisco slumps after cutting annual profit, revenue forecasts
(Reuters) - Cisco tumbled 11% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in its mainstay networking equipment business. The...
Nov 16, 2023
Systematic hedge funds pummeled in post-U.S. CPI stocks rally – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) - Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked...
Nov 16, 2023
Cyberattack on ICBC’s US unit to not have material impact on parent bank – Fitch
(Reuters) - Ratings agency Fitch on Thursday said the recent cyberattack at ICBC Financial Services will not have a material impact on its Chinese parent, although it highlights growing threats to glo...
Nov 16, 2023
Catastrophic flood drives Greek village of Metamorfosi to seek relocation
By Karolina Tagaris METAMORFOSI, Greece (Reuters) - When floodwaters gushed through the Greek farming village of Metamorfosi in September, residents fled. Now they want to relocate their entire commun...
Nov 16, 2023
Macy’s posts strong quarterly profit on margin improvement, shares surge
(Reuters) -Macy's on Thursday beat quarterly profit well above Wall Street estimates as the department store's margins benefited from improved inventories and lower freight costs, sending its shares s...
Nov 16, 2023
Roboadvisor Wealthfront reaches $50 billion in client assets
By Hannah Lang (Reuters) - Digital wealth management provider Wealthfront, a pioneer in automated investing, now oversees more than $50 billion in assets and is set to grow revenue by more than 140% t...
Nov 16, 2023
Redwood inks long-term EV battery materials supply deal with Toyota
By Paul Lienert (Reuters) - Redwood Materials has signed a long-term contract to supply Toyota Motor with recycled materials for the Japanese automaker's $13.9 billion North Carolina electric vehicle ...
Nov 16, 2023
Peoria, IL, USA
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