Explainer-What happens to Apple and Meta after the EU fine?
By Supantha Mukherjee STOCKHOLM (Reuters) -European Union antitrust regulators on Wednesday fined Apple 500 million euros ($570 million) and Meta…
Author: Trading Reports Daily
Musk’s Neuralink could fetch $8.5 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5…
US crude stockpiles post surprise build as imports jump, EIA says
By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline…
Barrick Gold said to seek buyers for its last mine in Canada, Bloomberg News reports
(Reuters) -Canada’s Barrick Gold is looking to sell its last mine in the country in a push to capitalize on…
Tesla shorts up $11.5 billion for the year with positioning bearish
(Reuters) -Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the…
Elliott wants BP to boost free cash flow to $20 billion by 2027, source says
By Shadia Nasralla (Reuters) -Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion…
US judge blocks Trump’s shutdown of government-funded radio broadcasts
By Dietrich Knauth NEW YORK (Reuters) -A federal judge ordered U.S. President Donald Trump’s administration on Tuesday to halt its…
Hedge funds cut ‘Mag Seven’ to two-year low ahead of earnings
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their…
Baker Tilly and Moss Adams set to merge in $7 billion deal, WSJ reports
(Reuters) – Accounting firms Baker Tilly and Moss Adams have agreed to merge in a $7 billion deal, making it…
Toyota, Daimler near merger of truck units, Nikkei Asia reports
(Reuters) -Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck, are moving…