Oil falls over 3% after data raises Fed interest rate worries
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 3% on Monday, following U.S. stock markets lower, after U.S. service sector data raised worries that the Federal Reserve could continue its aggressive policy tightening path. Brent crude futures settled down...
Michael Eisner Just Bought $5 Million Worth of IAC
Investors may want to keep an eye on beaten-down shares of InterActiveCorp (IAC). After getting clobbered over the last several months, the stock is showing signs of life. All after former CEO Michael Eisner bought 106,241 shares for about $5 million in late...
US stocks slump to accelerate in first half of 2023
The selloff in the US stock market is far from over. Those are sentiments echoed by strategists at JPMorgan, even as the overall stock market shows signs of bottoming out. US stocks have been on an impressive run in recent weeks amid growing expectations that...
Florida mulls U-turn on move to strip Disney theme-parks of self-governing status – FT
(Reuters) - Florida lawmakers are mulling plans to reverse a move that would strip Walt Disney Co of its right to operate a private government around its famous theme-parks, the Financial Times reported on Friday, citing people briefed on the plan. In April, lawmakers...
Canoo (GOEV): CEO Tony Aquila Just Bought 9 Million Shares
Something is happening at Canoo Inc. (GOEV). Just weeks ago, Chairman and CEO Tony Aquila bought 9.009 million shares of the stock at $1.11 each for $10 million. This is now the third time he bought shares of GOEV. On August 12, he bought 200,000 shares at an...
Tesla to issue software updates for 435,000 cars in China over marker light issue
SHANGHAI (Reuters) -Tesla Inc will issue software updates for more than 435,000 vehicles in China to fix an issue with side marker lights that could in extreme circumstances lead to a collision, a regulatory body said. The fix, which counts as a recall, will be issued...
TSMC plans to make more advanced chips in US on Apple’s push – Bloomberg News
(Reuters) -Taiwan Semiconductor Manufacturing Co will offer advanced 4-nanometer chips when its new $12-billion plant in Arizona opens in 2024, spurred by U.S. customers including Apple Inc to do so, Bloomberg News reported on Thursday. TSMC is expected to announce...
Twitter owner Elon Musk clashes with Apple over sharing platform fees
In the last week, Elon Musk has been teasing Apple, the dominant force in Silicon Valley that manages the app store for each iPhone. The iPhone manufacturer has come under fire from Musk on various issues, including its decreased Twitter advertising budget and its 30%...
Distant black hole is caught in the act of annihilating a star
By Will Dunham WASHINGTON (Reuters) - Astronomers have detected an act of extreme violence more than halfway across the known universe as a black hole shreds a star that wandered too close to this celestial savage. But this was no ordinary instance of a ravenous black...
Twitter rolls back COVID misinformation policy
(Reuters) -Twitter Inc has rolled back a policy that was aimed at tackling misinformation related to COVID-19 on the social media platform, lending itself to the risk of a potential surge in false claims even as cases rise in China and some parts of the world. The...
Activision Blizzard Stock Just Starting to Recover
Late last week, we noted that,” Recent weakness in the ATVI stock could be a potential opportunity. Even Warren Buffett is a big fan of the ATVI stock. As of 2022, his Berkshire Hathaway firm now holds about 68.4 million shares, or 8.7% of ATVI.” At the time, ATVI...
Elon Musk: Apple threatened to yank Twitter from App Store
By Tiyashi Datta and Sheila Dang (Reuters) -Elon Musk accused Apple Inc of threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on the social media platform. The...
Semiconductor Investors: Mark Your Calendars for November 29
On Tuesday, President Biden will visit a new semiconductor facility in Michigan. Once there, he’s expected to discuss his Administration’s policies that could continue to spur chip production across the U.S. That could help push stocks, like Advanced Micro Devices...
Factbox-Big banks see global economy slowing more in 2023, with likely U.S. recession
(Reuters) -The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by the Ukraine conflict and soaring inflation, which triggered one of the fastest monetary policy tightening cycles in recent times. The U.S....
Muted Black Friday for U.S. retail stocks as holiday shopping kicks off
By David Randall NEW YORK (Reuters) -U.S. retail stocks held steady on Friday as investors watched holiday spending to gauge consumer confidence at a time when inflation and rising interest rates are weighing heavily on Main Street. Consumer discretionary stocks,...
Activision Blizzard Pullback May be an Opportunity
Earlier this year, Microsoft made a $68.7 billion bid for Activision Blizzard. Of course, Activision blew upon the news, gapping from about $67.50 to about $87. Unfortunately, the two are running into a major roadblock, with the US FTC just announcing it’s “likely”...
Three Top Winter 2022 Stocks to Consider Now
Winter 2022 could be brutal. In fact, NOAA's Climate Prediction Center said the December-February temperature outlook depicts elevated odds of below-normal temperatures over the northern U.S., stretching from the Pacific Northwest to parts of the western Great Lakes....
New space observatory helps solve mystery involving enormous black holes
By Will Dunham WASHINGTON (Reuters) - Most galaxies are built around humongous black holes. While many of these are comparatively docile, like the one at our Milky Way's center, some are fierce - guzzling surrounding material and unleashing huge and blazingly bright...
Cryptoverse: Let’s talk about DEX, baby
By Medha Singh and Lisa Pauline Mattackal (Reuters) - As the crypto castle crumbles, some true believers say the answer is to double down on DEX. Decentralized exchanges, that is. The spectacular collapse of Sam Bankman-Fried's FTX, a major centralized crypto...
Meta spokesperson denies report of CEO Zuckerberg stepping down next year
(Reuters) - Meta Platforms Inc spokesperson Andy Stone said in a tweet on Tuesday that a report on Chief Executive Officer Mark Zuckerberg stepping down next year was false. News website The Leak earlier in the day reported that Zuckerberg was set to resign in 2023,...