TOPNWS

Ryan Cohen's $60 million Bed Bath u-turn triggers meme stock investor ire

Ryan Cohen’s $60 million Bed Bath u-turn triggers meme stock investor ire

An exterior view shows a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin Register now for FREE unlimited access to Reuters.com Register Aug 19 (Reuters) – Investors flooded social media platforms such as Reddit on Friday with criticism of Ryan Cohen’s sale of his stake in Bed Bath & …

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Wall St ends higher, Cisco Systems jumps after forecast

Wall St ends higher, Cisco Systems jumps after forecast

Investors still assessing Wednesday’s Fed minutes Kohl’s slashes 2022 forecasts Indexes: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK, Aug 18 (Reuters) – U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors …

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Shares choppy, U.S. yields fall as investors digest Fed minutes

Shares choppy, U.S. yields fall as investors digest Fed minutes

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Wall Street indexes trade down Yield curve …

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Fed minutes show more rate hikes coming, but pace could slow

Fed minutes show more rate hikes coming, but pace could slow

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that U.S. inflation pressures were easing, and steeled themselves to force the economy …

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U.S. retail sales flat on gasoline price drop; consumer spending resilient

U.S. retail sales flat on gasoline price drop; consumer spending resilient

People shop for clothes at a Target retail chain in Westbury, New York, U.S., May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales unchanged in July; June sales revised down Gasoline, motor vehicles account for flat sales Core retail sales increase 0.8% WASHINGTON, Aug 17 (Reuters) – …

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Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism

Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism

Walmart sees smaller profit drop this year Home Depot beats sales estimates U.S. Treasury yields rise Indexes: Dow up 0.7%, S&P 500 up 0.2%, Nasdaq down 0.2% NEW YORK, Aug 16 (Reuters) – The Dow and S&P 500 rose on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the …

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U.S. housing starts near 1-1/2-year low; factory output rebounds

U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings …

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Cryptoverse: Electric ether leaps on verge of Merge

Cryptoverse: Electric ether leaps on verge of Merge

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, …

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