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, US, Jan. 29, 2021. REUTERS/Emily Elconin Register now for FREE unlimited access to Reuters.com Register Aug 19 (Reuters) – Investors flooded social media platforms like Reddit on Friday criticizing Ryan Cohen’s sale of his stake in Bed Bath & Beyond Inc (BBBY.O), … Read more

China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion

People walk past the building with the listed address of the Tomorrow Holdings office in Beijing, China, February 3, 2017. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register BEIJING, Aug 19 (Reuters) – A Shanghai court has sentenced Chinese-Canadian billionaire Xiao Jianhua, who has not been seen in public since 2017, to … Read more

US seeks information from Tesla about camera in car in Autopilot probe

WASHINGTON, Aug. 18 (Reuters) – U.S. auto safety regulators on Thursday asked Tesla Inc (TSLA.O) to answer questions about the in-car camera intended to monitor driver consciousness as part of an investigation into 830,000 Tesla vehicles using advanced driver assistance system called Autopilot. The National Highway Traffic Safety Administration (NHTSA) is assessing Autopilot’s performance after … Read more

Musk targets ad tech companies in Twitter deal over takeover deal

Elon Musk’s photo, Twitter logos, and US dollar bills can be seen in this illustration, Aug. 10, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 18 (Reuters) – Billionaire entrepreneur Elon Musk, who is trying to walk away from his deal to acquire Twitter Inc (TWTR.N), is seeking documents from … Read more

Wall St ends higher, Cisco Systems jumps after forecast

Investors Still Judging Wednesday’s Fed Minutes Kohl’s slashes 2022 predictions Indices: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK, Aug. 18 (Reuters) – US stocks closed higher on Thursday as an optimistic sales forecast from Cisco Systems helped lift the technology sector, while data showed the economy remained relatively strong. Investors … Read more

Stocks choppy, US yields fall as investors digest Fed minutes

A man in a protective mask walks past an electronic board displaying the Shanghai Composite Index, Nikkei Index, and Dow Jones Industrial Average during the coronavirus disease (COVID-19) outbreak outside a real estate agency in Tokyo, Japan, March 7, 2022. REUTERS / Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com Register Wall … Read more

Bed Bath & Beyond meme shares tumble as billionaire Cohen to dump stake

A shopping cart is seen inside a Bed Bath & Beyond store in Manhattan, New York City, US, June 29, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 18 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) shares fell 15% on Thursday after billionaire investor Ryan Cohen announced plans … Read more

Bluebird’s $2.8M Gene Therapy Becomes Most Expensive Drug After U.S. Approval

Signage is on display outside the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, US, Aug. 29, 2020. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 17 (Reuters) – The U.S. Food and Drug Administration on Wednesday approved bluebird bios (BLUE.O) gene therapy for patients with a rare … Read more

Wall Street Ends Down, But Indices Cut Losses Short After Fed Minutes

Fed minutes show officials are still committed to raising interest rates Retailer Target’s quarterly profit slumps Indices: Dow down 0.5%, S&P 500 down 0.7%, Nasdaq down 1.3% NEW YORK, Aug. 17 (Reuters) – US stocks closed lower Wednesday, with indices volatile after minutes from the July meeting of the Federal Reserve suggested policymakers could be … Read more

EXCLUSIVE Biden’s emergency council calls for railroad wage increases to resolve contract talks

US President Joe Biden walks to Air Force One as he departs for Washington, DC, from Joint Base Charleston, South Carolina, US, Aug. 16, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Aug. 16 (Reuters) – US President Joe Biden’s emergency council is tasked with helping major freight railroads … Read more