Dan Price, the CEO who famously lowered his own salary to $70,000 while raising the minimum wage at Gravity Payments, has resigned while being charged with allegedly assaulting a 26-year-old woman. Price, 38, announced his departure in a statement shared on Twitter, saying that longtime Gravity Payments COO Tammi Kroll would replace him as the … Read more
LONDON, Aug. 16 (Reuters) – The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change,” said President Joe Biden, who will sign the bill later on Tuesday. About $369 billion in federal funds will flow into climate change and energy security, increasing domestic capacity to produce wind … Read more
Tencent wants to start selling Meituan shares this year – sources Sales tries to please regulators, monetize 8-year-old gambling resources Selling Shares Will Likely Be Done As Block Trading – Resources Move Comes Following Tencent’s Divestment of JD.com, SEA Holdings Meituan shares sink 10%; Restoring Tencent Shares HONG KONG, Aug. 16 (Reuters) – China’s Tencent … Read more
Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into the 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 the ethereum mega upgrade is happening. Finally. After years of delays, the “Merge” seems almost certain to take place … Read more
Michael Burry’s Scion Capital Management dumped its entire equity portfolio in the second quarter as the legend of the ‘Big Short’ hedge fund raised its warnings of an impending stock market crash, a filing showed Monday. Scion sold its long positions on 11 companies in the second quarter, including bullish bets on Google parent Alphabet, … Read more
A trader walks on the floor of the New York Stock Exchange (NYSE) in New York City, USA June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug. 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) indicates … Read more
Elon Musk is trying to force Twitter to hand over a group of key employees for questioning — and the legal maneuver could be the mogul’s last and best hope in a desperate battle to scrap his $44 billion takeover deal. Shares of Twitter are up more than 20% in the past month, closing at … Read more
The attraction of electric vehicles was magnetic in 2022. Rising gas prices, inflation not seen in four decades and a push for cleaner, eco-friendly technology have all combined to make EVs more attractive than ever to consumers. Now, legislation is headed to the extreme that will give EVs not only new legitimacy in the eyes … Read more
SHANGHAI/HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies, including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist the New York stock exchange amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more
Samsung heir was jailed for 18 months for bribery Businessmen convicted in scandal that fell a president S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee grace – analysts SEOUL, Aug 12 (Reuters) – South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee on … Read more
