By Saqib Iqbal Ahmed NEW YORK (Reuters) -The battered shares of Van Eck’s Russia ETF have attracted a surge of trader interest and drawn comparisons to last year’s so-called meme stock frenzy, as investors seek ways to capitalize on market gyrations caused by the Ukraine crisis. Designed to track the performance of the MVIS Russia…
WASHINGTON (AP) — State attorneys general have launched a nationwide investigation into TikTok and its possible harmful effects on young users’ mental health, widening government scrutiny of the wildly popular video platform. The investigation was announced Wednesday by a number of states led by California, Florida, Kentucky, Massachusetts, Nebraska, New Jersey, Tennessee and Vermont. U.S….
NEW YORK (AP) — Amazon is closing all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations, as the online retail behemoth reworks its physical footprint. The Seattle-based company said Wednesday that the move, which affects 66 stores in the U.S. and two in the United Kingdom, will enable it…
By Jonnelle Marte (Reuters) – The Federal Reserve’s nearly $9 trillion balance sheet has more room to decline than it did the last time the central bank shrank its holdings and policymakers will still watch money markets closely, a senior bank official said on Wednesday. The Fed’s standing repo facilities should also serve as a…
By Alasdair Pal NEW DELHI (Reuters) -At least five superyachts owned by Russian billionaires were anchored or cruising on Wednesday in Maldives, an Indian Ocean island nation that does not have an extradition treaty with the United States, ship tracking data showed. The vessels’ arrival in the archipelago off the coast of Sri Lanka follows…
By Paresh Dave, Elizabeth Culliford and Sheila Dang (Reuters) – Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told Reuters. PayPal, which only allows cross-border transactions by users in Russia, had already blocked some users and some of the country’s biggest banks following…
(Reuters) – Cruise operators Royal Caribbean Group and Viking Cruises canceled sailings to Russia on Wednesday, joining their rivals and many Western brands in suspending operations in the country after its invasion of Ukraine. Celebrity Cruises, owned by Royal Caribbean, said it was removing Russian port city St. Petersburg from upcoming itineraries, adding that it…
By Pamela Barbaglia LONDON (Reuters) – UniCredit has paused efforts to buy Banco BPM after losing more than a fifth of its value since Russia invaded Ukraine, two sources close to the matter told Reuters. Stock in UniCredit, Italy’s second-largest bank, has dropped by more than 20% since Feb. 24, when Ukraine came under attack,…
By Paresh Dave, Elizabeth Culliford and Sheila Dang (Reuters) – Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests, a top Ukrainian government tech official told Reuters on Wednesday. Software giant Oracle Corp responded within three hours…
SILVER SPRING, Md. (AP) — Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country’s financial institutions. After initially falling to around $34,000 following Russia’s advance into Ukraine last week, bitcoin pushed about 10% higher on…
