US clears first Boeing 787 Dreamliner delivery in 21 – sources

US clears first Boeing 787 Dreamliner delivery in 21 – sources

The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 8 (Reuters) – The U.S. government on Monday approved delivery of the first Boeing (BA.N) 787 Dreamliner since 2021, paving … Read more

Full of money, Pfizer buys Global Blood Therapeutics for $5.4 billion

Full of money, Pfizer buys Global Blood Therapeutics for .4 billion

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash to sickle cell drugmaker Global Blood Therapeutics (GBT.O) as it seeks to capitalize on a surge in revenue from his COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, representing a 7.3% premium to its Friday closing price … Read more

Wall Street mixed close on Fed tightening fears; Nvidia weighs

Wall Street mixed close on Fed tightening fears;  Nvidia weighs

Automotive refuels after Senate approves bill with funding for electric vehicles Nvidia slips as falling demand for games hits Q2 revenue Mainly flat indexes Aug 8 (Reuters) – U.S. stock indexes closed little changed on Monday after hit jobs data last week bolstered expectations that the Federal Reserve would clamp down on inflation, while a … Read more

SoftBank plans job cuts at Vision Fund after record net loss

SoftBank plans job cuts at Vision Fund after record net loss

SoftBank was in a valuation bubble- Its No Sacred Zones for Cost Reductions- Yarns SoftBank exited its stake in Uber Announcement of a 400 billion yen share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) plans to cut staff at its flagship investment arm Vision Fund, CEO Masayoshi Son said on Monday, after … Read more

Chinese exports pick up, but outlook darkens as global growth slows

Chinese exports pick up, but outlook darkens as global growth slows

China’s July exports rise at a faster pace than expected Imports disappoint again, highlighting weak domestic demand The trade balance hit a record high in July Weak foreign demand adds stress to trade and economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly accelerated in July, providing an encouraging boost to the economy … Read more

Berkshire Hathaway Posts Massive $43.8 Billion Loss; operating results are improving

Berkshire Hathaway Posts Massive .8 Billion Loss;  operating results are improving

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices hurt … Read more

India Freezes Binance-Linked WazirX Assets

India Freezes Binance-Linked WazirX Assets

Representations of cryptocurrencies in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register MUMBAI, Aug 5 (Reuters) – India’s financial crime agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange, Binance, as it investigates a breach … Read more

Meta, Facebook’s parent company, makes the first-ever bond issue

Meta, Facebook’s parent company, makes the first-ever bond issue

The Meta Platforms logo is seen in Davos, Switzerland May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – Meta Platforms, the parent company of Facebook (META.O), announced on Thursday that it would make its first-ever bond issue, at a time … Read more

Oil tumble on demand fears, supply tightness offers floor

Oil tumble on demand fears, supply tightness offers floor

FILE PHOTO – A PetroChina worker inspects a pump cylinder at an oilfield in Tacheng, Xinjiang Uyghur Autonomous Region, China June 27, 2018. REUTERS/Stringer AT Join now for FREE unlimited access to Reuters.com Register BoE raises rates and warns of recession risks Saudi Arabia and the United Arab Emirates save their oil firepower in the … Read more

Wall Street rallies on economic data, crude falls as stocks rise

Wall Street rallies on economic data, crude falls as stocks rise

NEW YORK, Aug 3 (Reuters) – U.S. stocks closed sharply higher and Treasury yields hit two-week highs on Wednesday amid strong economic data, upbeat business forecasts and easing geopolitical concerns boosted investors’ risk appetite. First-month crude futures fell following a report that U.S. crude and gasoline inventories rose unexpectedly last week. All three major U.S. … Read more