Category Archives:
Ryan Cohen scoops up GameStop stock worth $10 million, shares rise
(Reuters) - Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company...
Syndicated Content Jun 13, 2023
Biden: Inflation data ‘good news’ for US families, more work to do
WASHINGTON (Reuters) - U.S. President Joe Biden hailed Tuesday's inflation data as "good news for hard working families" and said there was more work to do to bring down the cost of living in the coun...
Syndicated Content Jun 13, 2023
Archer Aviation hires former acting FAA administrator
By David Shepardson WASHINGTON (Reuters) - Air taxi maker Archer Aviation said on Tuesday former Federal Aviation Administration (FAA) acting administrator Billy Nolen had joined the company as chief ...
Syndicated Content Jun 13, 2023
Wells Fargo CFO expects upside in net interest income
NEW YORK (Reuters) - Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank had earlier issued guidance for a 10% hi...
Syndicated Content Jun 13, 2023
AI startup Synthesia gains unicorn status after Nvidia-backed fundraise
(Reuters) - Synthesia, a UK-based artificial intelligence (AI) startup, said on Tuesday it has raised about $90 million at a valuation of $1 billion from a funding round led by venture capital firms A...
Syndicated Content Jun 13, 2023
Brazil’s Azul launches exchange offer as part of restructuring plan
By Gabriel Araujo SAO PAULO (Reuters) - Brazilian airline Azul on Tuesday launched exchange offers aimed at pushing forward bonds originally set to mature in 2024 and 2026, the latest move in a broade...
Syndicated Content Jun 13, 2023
Silicon Valley AI chip startup SiMa.ai hooks key investors
By Jane Lanhee Lee OAKLAND, California(Reuters) - Silicon Valley-based AI chip startup SiMa.ai on Tuesday said it raised an additional $13 million from investors including a key fund in Taiwan called ...
Syndicated Content Jun 13, 2023
BoC to raise rates once more by 25 bps in July to 5.00%: Reuters poll
By Milounee Purohit BENGALURU (Reuters) - The Bank of Canada will raise interest rates again in July to 5.00% after a surprise 25 basis point increase last week, according to economists polled by Reut...
Syndicated Content Jun 13, 2023
Factbox-Analysts bet bumper Turkish rate hikes on the way
LONDON (Reuters) - Analysts at leading investment banks expect Turkey's new economic chiefs to start ramping up interest rates next week as part of a major reset of the country's economic policies. Pr...
Syndicated Content Jun 13, 2023
Egypt to allocate $4.1 billion for food subsidies in 2023/24 – document
By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) - Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for...
Syndicated Content Jun 13, 2023
Peoria, IL, USA
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