(This July 11 story has been corrected to add ‘CoinShares’ in paragraph 2 and ‘funds investing in crypto’ in paragraph 4) By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) – Global hedge funds not specialising in crypto assets have grown skittish from recent industry turmoil and this has lead to an exit from the sector, …
Hedge funds grow more cautious on crypto after turmoil Read More »
By John McCrank NEW YORK (Reuters) – Exchange operator Cboe Global Markets on Tuesday filed amended applications to list and trade shares of three spot bitcoin exchange-traded funds, including one by Fidelity, to add surveillance-sharing agreements with crypto-trading platform Coinbase. Shares of Coinbase closed up 9.8% at $89.15 on Tuesday and hit their highest level …
Cboe exchange to partner with Coinbase on bitcoin market surveillance in ETF push Read More »
(Reuters) -French defence and technology group Thales said on Wednesday it started talks to buy French supplier Cobham Aerospace Communications for $1.1 billion. Thales shares were up around 1% in early Paris trading following the news. Thales said that with the acquisition it aims to strengthen its portfolio in avionics – the complex electronic systems …
France’s Thales to acquire Cobham Aerospace Communications for $1.1 billion Read More »
By Mike Scarcella (Reuters) – The U.S. Federal Trade Commission would face hurdles in any appeal of a court’s order on Tuesday that said Microsoft could move forward with its $69 billion acquisition of “Call of Duty” maker Activision Blizzard, legal experts who specialize in competition law said. In her ruling, U.S. District Judge Jacqueline …
FTC would face tough appeal of Microsoft-Activision order -experts Read More »
(Reuters) -Kim Kardashian is in talks with Coty to buy back a minority stake in her beauty firm from the fragrance and cosmetics company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The value of the stake hadn’t been determined and talks could fall apart, the report said, adding that …
Kim Kardashian in talks to buy back beauty firm stake from Coty – WSJ Read More »
(Reuters) – Accounting firm KPMG plans to invest $2 billion in artificial intelligence and cloud services across its business lines globally over the next five years through an expanded partnership with Microsoft, the Wall Street Journal reported on Tuesday. (Reporting by Lavanya Ahire in Bengaluru; Editing by Shounak Dasgupta)
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose on Tuesday, helped by optimism ahead of key inflation reports and as JPMorgan and other financial shares gained before earnings later this week. Investors are looking for further clues on whether price pressures are abating and if the Federal Reserve is nearing the end of …
Wall St ends up ahead of CPI; JPMorgan, financial shares gain Read More »
By Jonathan Stempel (Reuters) – A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. The 11th U.S. Circuit Court of Appeals in Atlanta restored two negligence claims over …
US court revives lawsuit against Royal Caribbean over toddler’s death Read More »
(Reuters) – Meta Platforms’s Instagram is planning to bring its branded content tools to Threads, Axios reported on Tuesday, citing a source familiar with the matter. Such tools will help marketers collaborate with influencers on paid partnerships on the social media platform while advertising is unavailable. Meta, the parent of Facebook, did not immediately respond …
Meta’s Instagram to bring branded content tools to Threads – Axios Read More »
(Reuters) -JPMorgan Chase plans to lay off 63 employees in Jersey City, according to a Worker Adjustment and Retraining Notification (WARN) issued on Tuesday. “This impacts a small number of local employees and we are working hard to redeploy them. Our strategy has not changed and we run the company to invest through the cycle. …
JPMorgan plans to lay off 63 employees in Jersey City Read More »
