Explainer-Why is the US government trying to ban TikTok or force Bytedance to divest?
WASHINGTON (Reuters) -TikTok and its owner Bytedance on Tuesday sued to stop a law that would give its Chinese parent…
Author: Trading Reports Daily
Microsoft’s Xbox shuts multiple studios, consolidates teams in cost-cutting move
(Reuters) – Microsoft’s Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher…
Robinhood set to report highest quarterly revenue since meme stock frenzy
By Medha Singh (Reuters) – Trading app Robinhood Markets is expected to report its highest quarterly revenue in nearly three…
Boeing Starliner capsule’s first crewed flight delayed over rocket glitch
(Reuters) – Boeing’s <BA.N> long-awaited first crewed test flight of the new Starliner space capsule was called off for at…
US FAA opens probe into Boeing 787 inspections
By David Shepardson and Allison Lampert WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it has opened an investigation…
Fed’s Williams says next Fed move likely to be lower rates
By Michael S. Derby (Reuters) – Federal Reserve Bank of New York President John Williams said Monday that at some…
Investors pull $9.9 billion from hedge funds in March – Nasdaq eVestment
By Nell Mackenzie LONDON (Reuters) – Investors withdrew an estimated net $9.9 billion from hedge funds in March, up from…
Paramount bidders await word from special committee evaluating options
By Dawn Chmielewski (Reuters) -A special committee of the Paramount Global board charged with evaluating offers for the company met…
Berkshire’s Brooks Running CEO sees China, Europe as growth areas
By Jonathan Stempel OMAHA, Neb. (Reuters) – The new chief executive of Brooks Running said the running shoe maker owned…
Foxconn reiterates Q2 revenue to grow, posts record April sales
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and the biggest assembler of Apple’s iPhone, reiterated on…