By Lisa Pauline Mattackal and Medha Singh (Reuters) – If you’re waiting for a bitcoin recovery, you may have to sweat it out for months. That’s the conclusion of some technical specialists seeking method from the madness. Bitcoin’s slide since May, swamped by economic angst, has knocked it below its 200-week moving average, at around …
Cryptoverse: Holding your breath for a bitcoin bounce Read More »
By Uday Sampath Kumar (Reuters) -Hasbro Inc’s higher-priced toys powered its quarterly profit jump, defying an inflation-driven demand slump gripping American retail and sending its shares 2% higher on Tuesday. The company is leaning on product launches including new Nerf blasters and expansion packs for its “Magic: The Gathering” role-playing game at a time when …
Game on for Hasbro as new toys to soften inflation hit Read More »
By Echo Wang (Reuters) – U.S. stocks closed with sharp gains on Tuesday as more companies joined big banks in reporting earnings that beat forecasts, offering respite to investors worried about higher inflation and a tightening Fed denting the corporate bottomline. The S&P 500 gained 2.8%, the highest close since June 9. The tech-heavy Nasdaq …
Wall Street closes sharply higher on strong corporate earnings Read More »
By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway Inc purchased another 1.94 million shares of Occidental Petroleum Corp, giving it an $11.4 billion stake and putting it nearer a threshold where it could record some of the oil company’s earnings with its own. Berkshire’s latest purchases from July 14 to July 18 cost $112 million, …
Buffett’s Berkshire edges closer to 20% Occidental stake Read More »
By Natalie Grover LONDON (Reuters) – An alliance of companies has pledged to ensure equitable access to vaccines and treatments for pandemics, as the friction around intellectual property rights for COVID-19 interventions between the pharmaceutical industry and developing nations endures. At the heart of the plan is a commitment to set aside part of the …
As COVID patent war rages on, pharma group seeks fairer future access Read More »
(Reuters) – JPMorgan Chase & Co said on Tuesday Alex Gorsky, former chief executive officer of Johnson & Johnson, has been elected as a director of the bank. Gorsky had helped establish J&J as a major player in the rare diseases market and led the development of the healthcare giant’s first single-shot COVID-19 vaccine. As …
(Reuters) – Instagram is getting a payment feature that will allow users to buy from small businesses through direct messages, parent company Meta Platforms Inc said on Monday. Users of the photo-sharing app need to message the business, add customizations if required and place the order in the chat, Meta said. They will also be …
Instagram will allow users to shop directly in chats Read More »
By Andrea Shalal SEOUL (Reuters) -Boosting women’s participation in the workforce and giving them more leadership opportunities would boost the economic potential of South Korea and the United States, U.S. Treasury Secretary Janet Yellen told a group of women entrepreneurs in Seoul. Women represented a “huge untapped resource” for both the United States and South …
Promoting women will boost economic potential of U.S., S.Korea – Yellen Read More »
ALGEIRS (Reuters) – Algeria’s Sonatrach and its partners Occidental, TotalEnergies and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s CEO Tewfik Hakkar told reporters. (Reporting by Lamine Chikhi, Editing by Louise Heavens)
FARNBOROUGH, England (Reuters) – Private equity firm 777 Partners plans to buy up to 66 more Boeing 737 MAX jets, the two companies said on Tuesday. The Miami-based investment firm plans to buy both the main 737 MAX 8 model and the higher-density 737 MAX 8200 model. (Reporting by David Shepardson, Editing by Tim Hepher)
