By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their bearish bets mainly on U.S. stocks last week when the major stock indexes plunged, Goldman Sachs showed in a report. The bank said its clients mostly added short positions while also getting rid of long positions. Among sectors, consumer discretionary, industrials and financials were …
Hedge funds boost bearish bets on US equities amid market jitters Read More »
(Reuters) -The chief executive officer of Jeff Bezos’s space company Blue Origin, Bob Smith, will step down at the end of the year, according to three people familiar with the plan. Dave Limp, a former executive at Amazon, will replace Smith, one of the people said. (Reporting by Joey Roulette; Editing by Pooja Desai)
LOS ANGELES (Reuters) – Producers of television talk shows were making plans on Monday to return to the air for the first time in five months after Hollywood writers reached a tentative deal to end a work stoppage that had shut down production. The Writers Guild of America (WGA), which represents roughly 11,500 film and …
Hollywood prepares for partial return to work after writers’ deal Read More »
TAIPEI (Reuters) – The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI. Many countries are planning AI regulation, and Britain is hosting a global AI safety summit …
OpenAI CEO says possible to get regulation wrong, but should not fear it Read More »
By Lewis Krauskopf, Ankika Biswas and Shashwat Chauhan (Reuters) – Wall Street’s main indexes posted gains on Monday, with increases in Amazon.com shares and the energy sector, as Treasury yields rose further and investors looked to economic data and Federal Reserve policymakers’ remarks later in the week for clarity on the path for interest rates. …
Wall Street posts gains as investors eye rate outlook Read More »
By Davide Barbuscia NEW YORK (Reuters) -A U.S. government shutdown would negatively impact the country’s credit, credit rating agency Moody’s said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis. U.S. government services would be disrupted and hundreds of thousands …
Moody’s warns US government shutdown bad for country’s credit Read More »
By David Shepardson (Reuters) -Ford Motor said Monday it has paused work on a $3.5 billion battery plant in Michigan, citing concerns about its ability to competitively operate the plant. The announcement comes as Ford has repeatedly upped its offer to the United Auto Workers union in contract talks. President Joe Biden on Tuesday is …
Ford pauses work on $3.5 billion battery plant in Michigan Read More »
By Scott Murdoch (Reuters) -Australian casino operator Star Entertainment Group is tapping the capital markets for a second time in 2023 as it aims to raise A$750 million ($481.43 million) as part of a major capital restructure to strengthen its balance sheet. The company said on Monday it would raise capital at A60c per share, …
Australian casino group Star Entertainment to raise $481 million in equity Read More »
By Byron Kaye and Himanshi Akhand SYDNEY (Reuters) -Australia’s biggest airline Qantas Airways said on Monday it will spend more than previously planned to improve “customer pain points” but warned spiralling fuel costs may force it to raise fares from already-elevated levels. The update sent its shares down as much as 2.5% to a one-year …
(Reuters) -SoftBank Corp plans to raise 120 billion yen ($808.79 million) via Japan’s first public offering of bond-type class shares, it said in a regulatory filing on Monday. The Japanese telecommunications arm of tech investment giant SoftBank Group first announced the issuance in May, saying the shares would be listed before the close of the …
SoftBank Corp to raise $800 million via bond-type class shares – filing Read More »
