Meta to soon launch web version of Threads in race with X for users
(Reuters) -Meta Platforms is set to roll out the web version on its new text-first social media platform Threads, hoping…
August 21, 2023
European shares rebound after four-day losses on energy, healthcare boost
By Shashwat Chauhan and Ankika Biswas (Reuters) -European shares snapped a four-day losing streak on Monday as energy and miners…
Tesla shares gain as Baird Equity adds stock to ‘best ideas’ list
(Reuters) – Electric-vehicle maker Tesla’s shares rose 4.5% on Monday, snapping a six-session losing streak, after brokerage Baird Equity Research…
DuPont to sell majority stake in $1.8 billion Delrin resins unit
(Reuters) -Industrial materials maker DuPont De Nemours said on Monday it has agreed to sell an 80.1% stake in its…
U.S. stocks may start to question economic resilience, says Morgan Stanley
(Reuters) – The S&P 500 will likely struggle to make more headway after rallying almost 14% so far this year…
China state banks seen mopping up offshore yuan to stem currency weakness
SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the offshore yuan on Monday, three people with knowledge…
Factbox-Big brokerages cut China growth forecast on growing worries over property sector
(Reuters) – Seven major brokerages cut China’s economic growth forecast for the year as worries about contagion from debt repayment…
Explainer-Maui inferno: What are the deadliest wildfires in US history?
By Stephen Culp (Reuters) -The Maui wildfires in Hawaii have killed at least 114, making it the deadliest U.S. wildfire…
China surprises with modest rate cut amid growing yuan risks
SHANGHAI/SINGAPORE (Reuters) -China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate…
How airlines cope with price surge during disasters
By Allison Lampert and Doyinsola Oladipo (Reuters) -Canadians vented their frustration against airlines on social media last week after prices…