UBS steps up U.S. push with $1.4 bln Wealthfront purchase

The logo of Swiss bank UBS is seen at the company’s office on Bahnhofstrasse in Zurich in this July 1, 2009 file photo. Photo: Arend Wegmann/Reuters Register now to get free unlimited access to Reuters.com Register The entire cash transaction is scheduled to close this year pending approvals Purchasing expands UBS’s reach into the US … Read more

Nvidia preparing to walk away from Arm acquisition – Bloomberg News

The tech company Nvidia’s logo appears at its headquarters in Santa Clara, California on February 11, 2015. Photo: Robert Galbraith/Reuters Register now to get free unlimited access to Reuters.com Register Jan 25 (Reuters) – Nvidia Corp (NVDA.O) is preparing to divest its purchase of Arm Ltd from SoftBank Group Corp (9984.T) after providing nearly $40 … Read more

Peloton stock jumps as Blackwells pushes for CEO ouster, sale

Jan 24 (Reuters) – Shares of Peloton Interactive Inc. (PTON.O) jumped on Monday after investment firm Blackwells Capital urged the equipment maker’s board of directors to sack its chief executive and put the company up for sale. The company’s shares rose nearly 10% to close at $29.71 after falling 3.4% in pre-market trading on a … Read more

Tesla countersues JPMorgan, claims bank sought ‘windfall’ after Musk tweet

The company and law firm names described above are automatically generated based on the article text. We are working on improving this feature as we continue with testing and beta development. We welcome feedback that you can provide using the Feedback tab on the right of the page. NEW YORK (Reuters) – Tesla Inc (TSLA.O) … Read more

Hong Kong’s financial sector faces talent crunch as expats head for the exit

HONG KONG, Jan. 24 (Reuters) – Tania Sibree resigned late last year as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city’s strict coronavirus restrictions. Sibree, who said she has enjoyed the past five years in Hong Kong, is one of hundreds – possibly … Read more

One surrendered Hong Kong hamster tests COVID positive as city lockdown grows

A man wearing personal protective equipment sits in a vehicle outside a temporarily closed pet store after the government announced it would euthanize about 2,000 hamsters in the city after first finding evidence of possible animal-to-human transmission of coronavirus disease (COVID-19) in Hong Kong, China, Jan. 18, 2022. REUTERS/Tyrone Siu Register now for FREE unlimited … Read more

Rio Tinto shares slump as Serbia pulls plug on its $2.4 bln lithium project

Serbia revokes Rio’s lithium exploration licenses Share prices fall as cancellation is seen as a major setback Cancellation Means Greater Lithium Shortage – Analyst MELBOURNE, Jan. 21 (Reuters) – Shares in Rio Tinto plummeted Friday after Serbia revoked its lithium exploration licenses amid environmental concerns, affecting the Anglo-Australian miner’s ambition to become Europe’s largest supplier … Read more

Asian markets fall after weak showing on Wall St, oil tumbles

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electrical panel displaying the Nikkei index outside a brokerage in Tokyo, Japan, January 21, 2021. REUTERS/Kim Kyung-Hoon Register now to get free unlimited access to Reuters.com Register SINGAPORE (Reuters) – Asian stock markets and U.S. futures fell on … Read more

Fed kicks off debate on issuing its own digital currency with new white paper

Federal Reserve Building in Washington, United States, October 20, 2021. REUTERS/Joshua Roberts/File Photo Register now to get free unlimited access to Reuters.com Register (Reuters) – Creating an official digital version of the US dollar may give Americans more and faster payment options, but it will also pose financial stability risks and privacy concerns, the US … Read more

Gloomy Netflix forecast erases much of stock’s pandemic gains

The Netflix logo appears on the TV remote control, in this illustration taken January 20, 2022. REUTERS / Dado Ruvic / Illustration Register now to get free unlimited access to Reuters.com Register LOS ANGELES (Reuters) – Netflix dashed hopes of a quick recovery after forecast weak first-quarter subscriber growth on Thursday, sending its shares down … Read more