NEW YORK (Reuters) – Wall Street is kicking off a crucial reporting season as U.S. companies provide quarterly results a year after the coronavirus pandemic crippled the economy and as investors look for reasons to support a stock market at record highs.FILE PHOTO: A sign for the Wall Street subway station is seen in the…
A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo AllegriNEW YORK (Reuters Breakingviews) – CLICKS AND BRICKS. GameStop, the $12 billion company buoyed by Reddit fans, plans to elect Chewy co-founder Ryan Cohen to chairman. He may help…
Apr 10th 2021SAN FRANCISCOFacebookTwitterLinkedInWhatsAppONE OF SILICON VALLEY’S most successful inventions is hype. It usually disappoints. In 2015 live-streaming from smartphones became all the rage. But Meerkat, an app which pioneered it, shut down the following year. On April 1st Periscope, its more successful rival, did too (no joke). Will Clubhouse, a buzzy app that hosts…
Apr 8th 2021FacebookTwitterLinkedInWhatsAppFACED WITH recalcitrant sovereign counterparties, foreign investors and companies occasionally take drastic action. A picaresque example of the genre occurred in 2012, when Elliott Management, a buccaneering American hedge fund which held distressed Argentine bonds, seized a handsome tall ship belonging to Argentina’s navy. Elliott’s aggressive tactics ultimately paid off, and others have…
BERLIN (Reuters) – Germany is currently negotiating with Russia on an advance purchase agreement of its Sputnik V COVID-19 vaccine, Health Minister Jens Spahn said on Friday.Spahn told a news conference that the requirements were approval by the European Medicines Agency, as well as whether doses would be available within the next few months.“The crucial…
BRUSSELS, April 9 (Reuters) – Greece on Friday secured approval from EU competition regulators to extend its “Hercules” bad loan reduction scheme to help banks reduce the mountain of impaired credit burdening their balance sheets.The scheme was launched in October 2019 to help the country’s banks offload up to 30 billion euros of bad loans…
FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File PhotoLONDON (Reuters) – Investors have pumped more money into equities over the past five months than in the last 12 years, BofA’s weekly flow figures showed on Friday,…
TOKYO (Reuters) – Japan made sure that language warning against excess currency market volatility remained in place when G20 finance leaders made a rare tweak to their message on exchange-rate moves, said officials with knowledge of the deliberations.In the first communique compiled since U.S. President Joe Biden took office, finance leaders of the Group of…
Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. Let’s get started.1. Hackers scraped data from 500 million LinkedIn users and posted it for sale online. In the wake of Facebook’s major data leak, LinkedIn is investigating a leak that affected two-thirds of its users. Here’s…
Former VP Mike Pence added Trump administration officials to his new political advocacy group. Ice Miller LLP added Pence’s nephew John Pence and former Buttigieg campaign staffer George Hornedo. Freshman Sen. Jon Ossoff, a Georgia Democrat, also staffed up his Senate office See more stories on Insider’s business page. A diaspora of Hoosier politicos in…
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