Tech sell-off, rising yields push Cathie Wood’s ARK ETF down 20% for month
By David Randall NEW YORK (Reuters) – A swift sell-off in technology stocks and surge in Treasury yields are punishing…
August 18, 2023
British consumers curb their shopping in rainy July
By William Schomberg and William James LONDON (Reuters) -British retailers reported a bigger-than-expected drop in sales in July as heavy…
Russia charges jailed US citizen with espionage
MOSCOW (Reuters) -Russia has charged a jailed American citizen with espionage, state news agencies reported, upping the pressure on U.S….
US Senator Vance asks US Steel to rule out foreign buyer
By Bianca Flowers (Reuters) -U.S. Senator J.D. Vance on Thursday asked U.S. Steel to rule out a foreign buyer, in…
US tightens export controls of nuclear power items to China
By Timothy Gardner WASHINGTON (Reuters) – The Biden administration has tightened controls on the export of materials and components for…
WeWork seeks to regain listing compliance with 1-for-40 reverse stock split
By Shivansh Tiwary and Kannaki Deka (Reuters) -WeWork said on Friday it would proceed with a one-for-forty reverse stock split…
Farfetch shares plunge as weak demand in US, China slams 2023 outlook
By Deborah Mary Sophia (Reuters) -Shares of Farfetch slumped nearly 40% to a record low on Friday, as choppy demand…
US warns space companies about foreign spying
By Michael Martina WASHINGTON (Reuters) – U.S. counterintelligence agencies on Friday warned the American space industry to guard against efforts…
Fed done hiking; slim majority of economists say no rate cut through March – Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve is likely done raising interest rates, according…
Ethiopian Airlines to manufacture parts in venture with Boeing
NAIROBI (Reuters) – Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of…