By Jonathan Stempel (Reuters) – The founder of WallStreetBets, which has been credited with helping ignite investors’ frenzy into “meme”…
Shopify sinks as investors worry over big spending in weak economy
By Nivedita Balu (Reuters) – Shares of Shopify Inc slid 16% on Thursday after the Canadian tech giant’s weak forecast…
K-pop monopoly? BTS agency’s plan to buy big slice of rival stokes concern, says activist fund
By Hyunsu Yim and Joyce Lee SEOUL (Reuters) – As the company behind K-pop royalty BTS seeks to build a…
Russian government approves sale of IKEA factories – deputy minister
MOSCOW (Reuters) – A Russian government commission has approved the sale of Swedish furniture maker IKEA’s factories in Russia to…
Potential winners and losers from the new U.S. EV charging standards
(This Feb. 15 story has been corrected to say ‘Natural Resources Defense Council’, not ‘National Resources Defense Council’) (Reuters) –…
Activist investors to push for margins, profitability in first half of 2023
By Niket Nishant and Akash Sriram (Reuters) – Companies that have been spending actively in pursuit of growth opportunities will…
Struggling aerospace suppliers may not be able to support jet output hikes – survey
(Reuters) – Meeting Boeing Co and Airbus SE’s planned jet output hikes this year will not be a “slam dunk”…
Germany dashes hopes for new EU common borrowing
By Maria Martinez and Jan Strupczewski BERLIN (Reuters) – Hopes for new joint European Union borrowing to support Europe’s green…
Bank of America plans job cuts in its investment bank – Bloomberg News
(Reuters) -Bank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday, which would…
Lufthansa cancels more than 1,300 flights on Friday due to strikes
BERLIN (Reuters) – Lufthansa has cancelled more than 1,300 flights on Friday, including all flights at the Frankfurt and Munich…