NEW YORK (Reuters) – Prominent short seller Andrew Left is pressing a judge to dismiss U.S. charges that he manipulated the market and defrauded investors with his negative reports about companies, according to a document filed in federal court on Monday. U.S. authorities charged Left, the founder of Citron Capital, in July, alleging he had …
Short seller Andrew Left seeks to dismiss US fraud case, filing shows Read More »
By Andre Romani SAO PAULO (Reuters) – Brazil’s payment system Pix is seen handling $30 billion in two years in e-commerce spending with a new feature for recurring bills that should benefit streaming firms, a study from financial technology firm Ebanx showed on Tuesday. Launched in late 2020, Pix, an online instant payment system designed …
New feature of Brazil’s Pix system to draw $30 billion in e-commerce payments Read More »
Kimberly-Clark forecast annual adjusted profit growth ahead of Wall Street estimates and reported better-than-expected quarterly sales on Tuesday as the Kleenex tissue maker benefited from a recovery in demand. The company has let go of its private label diaper-making business and has chosen instead to invest in marketing and advertising of its own brands such …
Kimberly-Clark forecasts strong annual profit growth Read More »
By Tommy Reggiori Wilkes and Jesús Aguado LONDON/MADRID (Reuters) – European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues. But lenders will be quizzed for evidence on whether the good times can continue, with …
European banks may find it tough to repeat strong end-of-year performance Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Markets took a deep breath on Tuesday after Wall Street’s shock start to the week, with the emergence of cheap Chinese artificial intelligence rival DeepSeek lopping more than half a trillion dollars off what had been America’s most valuable firm Nvidia. …
Morning Bid: Deep breath after AI jolt, Trump tariffs rumble Read More »
(Reuters) – Retail investors bought a record amount of Nvidia stock on Monday after concerns over a low-cost artificial intelligence model from Chinese startup DeepSeek stripped 17% off its shares, or $593 billion from its market value. Data from Vanda Research shows retail purchases of Nvidia shares totalled a net $562.2 million on Monday, the …
Retail investors bought record amount of Nvidia stock in DeepSeek rout Read More »
(Reuters) – France’s largest video game maker Ubisoft will close its Leamington site in Britain and restructure operations at Ubisoft Düsseldorf, Ubisoft Stockholm and Ubisoft Reflections, impacting 185 employees, it said on Tuesday, confirming earlier media reports. The decision is a part of efforts to prioritize projects and reduce costs to ensure long-term stability at …
Ubisoft to close UK site and restructure three others, affecting 185 staff Read More »
(Reuters) -U.S. President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app. Microsoft declined to comment. TikTok and ByteDance did not immediately respond to Reuters’ requests for a comment outside regular business hours. TikTok, which has about …
Trump says Microsoft is in talks to acquire TikTok Read More »
By Rene Wagner BERLIN (Reuters) – Germany needs to overcome its structural weaknesses if it wants to keep its AAA credit rating in the long term, Eiko Sievert, executive director at European ratings agency, Scope Ratings, told Reuters in an interview. “Weaker GDP growth alone does not pose an immediate threat to Germany’s AAA rating, …
Germany must address structural weaknesses to keep AAA rating, Scope says Read More »
MIAMI (Reuters) -U.S. President Donald Trump said on Monday that Chinese startup DeepSeek’s technology should act as spur for American companies and said it was good that companies in China have come up with a cheaper, faster method of artificial intelligence. “The release of DeepSeek, AI from a Chinese company should be a wakeup call …
Trump: DeepSeek’s AI should be a ‘wakeup call’ to US industry Read More »
