(Reuters) -Bitcoin fell to a seven-week low on Monday, hovering below $40,000 for the first time since the launch of 11 spot bitcoin exchange-traded funds on Jan. 11. The world’s largest cryptocurrency was last down 3.98% at $39,938.00, trading at its lowest since Dec. 4 after a brief recovery. Ether, the second largest cryptocurrency, was …
Bitcoin falls to $40,000, lowest level since bitcoin ETF launch Read More »
(In paragraph three, corrects name from Adam Lygoe to Martin Bradley.) By Lewis Jackson SYDNEY (Reuters) -Australia’s Macquarie Group said on Monday it had raised more than 8 billion euros ($8.72 billion) for a new European infrastructure fund as investor appetite for tangible assets from ports and power to data centres remains strong. The seventh …
Australia’s Macquarie raises $8.7 billion for European infrastructure fund Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings on Monday forecast a wider-than-expected loss in the quarter through March due to the grounding of Boeing 737 MAX 9 airplanes. An upbeat outlook for the full year, however, helped drive up the company’s shares about 8% in extended trading. The Chicago-based carrier expects an adjusted …
United Airlines forecasts quarterly loss on Boeing MAX 9 grounding Read More »
By Sabrina Valle and Nate Raymond HOUSTON (Reuters) -Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder proposal by …
Exxon files lawsuit against investors’ climate proposal Read More »
By Sheila Dang and Dawn Chmielewski (Reuters) – Hedge fund Blackwells criticized rival Walt Disney activist shareholder Trian Fund Management on Monday, saying the Nelson Peltz-led firm had “not offered a single strategic idea” to aid the entertainment giant’s turnaround, according to a press release shared with Reuters. “Astoundingly, Mr. Peltz recently claimed that he …
(Reuters) -Boeing and its Seattle-area machinists union have delayed the opening of contract negotiations until early March as the company deals with the grounding of the 737 MAX 9. Formal negotiations were set to begin in early February and were pushed back at Boeing’s request, said the union on its website. Both Boeing and its …
Boeing and Seattle-area union delay start of contract negotiations Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 hit a record high close for a second straight session on Monday as tech stocks added to recent gains and investors awaited upcoming corporate reports for clues on this year’s profit outlook. The benchmark confirmed a bull market on Friday after posting a record high close …
S&P 500 closes with record high for 2nd session in row Read More »
By Daniel Wiessner (Reuters) – An impending U.S. Supreme Court ruling that could curb the regulatory powers of federal agencies may play a critical role in a challenge by Republican-led states to a rule issued by President Joe Biden’s administration allowing socially conscious investing by employee retirement plans, according to a new court filing. The …
US Supreme Court ruling on agency powers may impact Biden ESG investing rule Read More »
(Reuters) -Macy’s said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Like other legacy department store operators, Macy’s has struggled to compete against younger, online competitors or peers with smaller brick-and-mortar footprints. This has …
Macy’s rejects Arkhouse’s $5.8 billion bid, citing financing concerns Read More »
By Krystal Hu (Reuters) – Artificial intelligence (AI) startup ElevenLabs has gained unicorn status after its latest round of fundraising, a person familiar with the matter said, as surging investor interest for generative AI technology sends startup valuations soaring. ElevenLabs on Monday said it raised $80 million in Series B funding from investors led by …
Voice AI startup ElevenLabs gains unicorn status after latest fundraising -source Read More »
