Robinhood must face US market manipulation lawsuits over ‘meme stock’ surge, according to judge’s rules

Robinhood Markets, Inc.’s logo appears. At a pop-up event on Wall Street after the company’s initial public offering in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) It must face claims of market … Read more

US gasoline prices fall below $4 for the first time since March

Decreased demand for gasoline in the summer Low-income families spend less with lower prices The US retail price hit a record high in June (Reuters) – The average retail price of gasoline in the United States fell below $4 a gallon on Thursday for the first time in months, giving some relief to drivers in … Read more

Hope to at least raise interest rates to raise Wall Street, oil gains

LONDON (Reuters) – Wall Street headed for another day of gains on Thursday as investors pushed for higher inflation to persuade central banks to pull back from expected interest rate increases in September. The prospect of a less severe tightening in borrowing costs dragged the dollar down, while oil prices rose after the International Energy … Read more

Fed officials say more rate hikes are needed, despite slowing inflation

A picture of the Federal Reserve building in Washington, DC, US, August 22, 2018. REUTERS/Chris Watty/File Photo Register now to get free unlimited access to Reuters.com Register Kashkari sticks to his view on the 3.9% fed funds rate at the end of 2022 Evans sees 3.4% policy rate this year Both are pushing back market … Read more

Dollar falls amid more-than-expected US inflation data

US dollar banknotes are shown in front of the stock graph displayed in this illustration taken on February 8, 2021. REUTERS/Dado Ruvic/Illustration/ Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – The dollar fell broadly on Wednesday after a lower-than-expected US inflation report for July raised expectations of a less … Read more

Stocks rise, dollar falls as inflation eases

Wall Street rises, Nasdaq leads gains CPI was flat in July after rising 1.3% in June In the 12 months to July, the CPI rose 8.5% versus 9.1% in June NEW YORK (Reuters) – Stocks rebounded on Wall Street and the dollar plunged after signs of a sharp slowdown in US inflation led to bets … Read more

Foxconn is starting to feel the bite of slowing smartphone sales

Second-quarter profit NT$33.29 billion versus NT$31.02 billion Market Opinion Second-quarter revenue increased 12% to NT$1.5 trillion Steady growth for consumer electronics in the third quarter Sees strong growth for cloud and networking products in the third quarter He says he has a plan B if the authorities don’t approve of China’s investment in Tsinghua TAIPEI, … Read more

SoftBank earns $34 billion from Alibaba stake cut

Cut the stake in the Chinese tech company to 14.6% from 23.7% He says the move will strengthen defenses against a market downturn Booked a loss of $50 billion in the Vision Fund unit in the first half TOKYO, Aug 10 (Reuters) – SoftBank Group Corp. (9984.T) On Wednesday, it said it would gain $34.1 … Read more

Wall Street rally lifts Nasdaq 20% from low as inflation fears recede

Traders work on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register The Fed has now seen a 50 basis point rise in September US consumer price growth slows in July Musk sells … Read more

Disney beats Netflix in streaming subscribers, sets higher prices

A smartphone screen showing the “Disney +” logo in front of the phrase “The Streaming Service” in this illustration taken on March 24, 2020. REUTERS / Dado Ruvic Register now to get free unlimited access to Reuters.com Register Los Angeles (Reuters) – The Walt Disney Company (DIS.N) Beat Netflix Inc (NFLX.O) With a total of … Read more