Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on…
Category: Business
US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says
(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week…
Despite last-minute changes, US Senate bill deals big blow to renewable energy
By Valerie Volcovici WASHINGTON (Reuters) -The U.S. Senate’s massive budget bill that passed on Tuesday will make it harder to…
Robinhood launches tokens allowing EU users to trade in US stocks
By Niket Nishant and Manya Saini (Reuters) -Robinhood said on Monday it has launched tokens that will allow its customers…
China’s rare earths are flowing again, but not freely
By Christina Amann and Laurie Chen BERLIN/BEIJING (Reuters) -The threat of mass shutdowns across the automotive supply chain is fading…
Mastercard, Visa’s merchant fees breach competition law, UK tribunal rules
LONDON (Reuters) -Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law,…
Meta seeks $29 billion from private capital firms for AI data centers, FT reports
(Reuters) -Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers, the…
Exclusive-US exchanges, SEC in talks to ease public company regulations
By Anirban Sen and Chris Prentice NEW YORK (Reuters) -U.S. exchange operators are in talks with the Securities and Exchanges…
Alibaba to merge food delivery, travel agency platforms into core E-commerce business
(Reuters) -Alibaba on Monday said it will merge its food delivery platform Ele.me and online travel agency Fliggy into its…
Data on Novo Nordisk experimental weight-loss drug show mostly mild side effects
By Deena Beasley (Reuters) -Novo Nordisk on Sunday said full results from two late-stage trials of its experimental weight-loss drug…