Cryptoverse: Electric Aether Jumps About to Merge

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like Ethereum’s mega-upgrade is underway. To finish. After years of delays, the “merger” seems all but certain to take place … Read more

South Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in prison for bribery Businessmen have been convicted in the scandal that killed a president S. Korea says leaders must help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korean President Yoon Suk-yeol has pardoned Samsung Electronics (005930.KS) On Friday, … Read more

Elon Musk Files Sealed Countersuit Against Twitter Over $44 Billion Deal

WILMINGTON, Delaware, July 29 (Reuters) – Elon Musk has hit back at Twitter Inc. (TWTR.N) Friday, stepping up its legal fight against the social media company over its attempt to walk away from the $44 billion purchase, though the lawsuit was filed confidentially. While the 164-page document was not available to the public, under court … Read more

S&P 500 and Nasdaq post biggest monthly gains since 2020

Apple sees iPhone demand continues to strengthen Amazon expects revenue to increase in third quarter Intel lowers its annual forecast, shares fall Oil giants Exxon and Chevron jump after record revenues Indices: Dow up 1%, S&P 500 up 1.4%, Nasdaq up 1.9% NEW YORK, July 29 (Reuters) – U.S. stocks increased their recent rally on … Read more

India blocks Krafton’s game under law it used to ban China apps-source

A Google sign is pictured outside the Google office in Berlin, Germany August 31, 2021. REUTERS/Annegret Hilse/File Photo Join now for FREE unlimited access to Reuters.com Register NEW DELHI, July 29 (Reuters) – India has blocked a popular battle royale format game from Krafton Inc. (259960.KS)a South Korean company backed by Chinese Tencent (0700.HK)using a … Read more

Wall St ends abruptly for the 2nd day; Amazon.com, Apple jumps after hours

US economy shrinks in second quarter Meta-platform revenue drops for the first time Ford stocks gain after results Indices: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – U.S. stocks rallied for the second day on Thursday as all three major indexes ended up more than 1% as … Read more

US Senate passes bill to boost chip manufacturing and compete with China

WASHINGTON, July 27 (Reuters) – The U.S. Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and ease a lingering shortage that touches on everything from cars and weapons to washing machines and video. Games. The House of Representatives plans to vote on … Read more

Spirit ends sale to Frontier as talks with JetBlue continue

July 27 (Reuters) – Spirit Airlines Inc. (SAVE.N) reversed its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) Wednesday after Spirit shareholders balked at backing it, leaving JetBlue Airways Corp (JBLU.O) with an opening to make a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a shareholder vote … Read more

Wall St rises on Microsoft and Alphabet earnings as Fed decision looms

Microsoft and Alphabet earnings trigger megacap stock rally T-Mobile up after raising subscriber growth forecast Fed policy decision expected at 2 p.m. ET Indices: Dow 0.39%, S&P 1.47%, Nasdaq 2.72% July 27 (Reuters) – The tech-heavy Nasdaq jumped nearly 3% on Wednesday, leading major Wall Street indexes higher as upbeat quarterly reports from Microsoft and … Read more

Wall Street tumbles as Walmart warning rocks retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Walmart slashes profit forecast and drags retailers in McDonald’s up in sales and profit GE jumps on higher profits, Coca-Cola up on forecast Indices down: … Read more