‘Silver is the new gold’ as Egyptians try to protect savings
By Sarah El Safty and Farah Saafan CAIRO (Reuters) – Egyptian women traditionally receive a gold jewellery set, or “shabka”,…
Year: 2024
Disney answers activists with gaming investment, ESPN streaming plans
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney CEO Bob Iger hit back at activist investors on…
NYCB shares end higher as new executive chair seeks to bolster confidence
By Niket Nishant and Lewis Krauskopf (Reuters) -Shares of New York Community Bancorp closed higher on Wednesday after the lender…
Ackman launches cheaper hedge fund aimed at wider investor pool
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire hedge fund manager William Ackman is launching a new investment portfolio in the…
Oil climbs on US fuel stocks draw, geopolitical tensions
By Georgina McCartney HOUSTON (Reuters) -Oil prices rose for a third consecutive day on Wednesday, boosted by a larger-than-expected fall…
Ford slows EVs, sends a truckload of cash to investors
By Joseph White and Nathan Gomes DETROIT (Reuters) -Ford Motor shares jumped on Tuesday after the automaker said it will…
Chipotle’s quarterly results shine as burrito demand holds strong
By Deborah Mary Sophia (Reuters) -Chipotle Mexican Grill topped market estimates for quarterly profit and sales on Tuesday, helped by…
Lilly rides wave of weight-loss drug demand, working to expand capacity
By Patrick Wingrove and Bhanvi Satija (Reuters) – Eli Lilly on Tuesday forecast 2024 profit above Wall Street estimates on…
Equities fall, yields jump after data and Powell comments
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Shares on Wall Street and in Europe fell on Monday and…
Tesla falls on SAP snub report, Piper Sandler price target cut
(Reuters) -Tesla shares came under pressure on Monday after a report that Germany’s SAP was no longer planning to buy…