(Reuters) -Canopy Growth Corp said on Thursday it would shed assets in Canada and reduce its workforce by about 60% as part of the pot producer’s efforts to reduce costs and turn profitable. U.S.-listed shares of Canopy tumbled nearly 9% in premarket trade after the company also reported a bigger quarterly loss. The company has…
KYIV (Reuters) – Elon Musk’s SpaceX should choose sides between Ukraine and Russia, a senior Ukrainian official said on Thursday, after the company said it was curbing Kyiv’s use of Starlink internet devices for controlling drones. Gwynne Shotwell, president and chief operating officer of SpaceX, said on Wednesday the Starlink service – which has provided…
(Reuters) – U.S. stock index futures rose on Thursday as a slew of strong quarterly earnings lifted sentiment after worries that the Federal Reserve will keep interest rates higher for longer had fueled losses on Wall Street a day earlier. Walt Disney Co climbed 6.6% in premarket trading after topping earnings estimates and announcing 7,000…
By Mark Miller (Reuters) – The old line that “you can’t take it with you” does not apply when it comes to your 401(k). When you change jobs or retire, you have three basic choices: leave your retirement account where it is, roll it over to a new employer or move it to a standalone…
By Marie Mannes STOCKHOLM (Reuters) – Volvo Cars said on Thursday 2023 was likely to be another challenging year, despite healthy demand for its vehicles, as the Swedish carmaker reported a fall in quarterly profit. Volvo Cars, which is majority-owned by Chinese automotive company Geely Holding, said its fourth-quarter operating profit dropped to 3.4 billion…
By Scott Murdoch and Shivam Patel SYDNEY/NEW DELHI (Reuters) -Financial index provider MSCI said on Thursday that some Adani securities should no longer be designated as free float, after market participants raised concerns about the eligibility of the Indian conglomerate’s companies for some of its indexes. Billionaire tycoon Gautam Adani has already has seen $110…
By Scott Murdoch and Shivam Patel SYDNEY/NEW DELHI (Reuters) -Financial index provider MSCI said on Thursday that some Adani securities should no longer be designated as free float, after market participants raised concerns about the eligibility of the Indian conglomerate’s companies for some of its indexes. Billionaire tycoon Gautam Adani has already has seen $110…
By David Lawder and Kanishka Singh SPRING HILL, Tenn./ WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday she still hoped to visit China but offered no details on plans or timing. A team of U.S. Treasury officials was scheduled to travel to China this month to prepare for a visit by Yellen…
Stockholm (Reuters) -Volvo Cars said on Thursday that 2023 is likely to be another challenging year despite healthy demand for its vehicles as the Swedish carmaker reported a fall in quarterly profit. Volvo Cars, which is majority-owned by Chinese automotive company Geely Holding, said its fourth-quarter operating profit dropped to 3.4 billion crowns ($322.2 million)from…
By Gaurav Dogra (Reuters) – Emerging Asia ex-China stocks received massive inflows in January, with investors expecting the U.S. Federal Reserve to slow down the pace of its rate hikes and as the dollar weakened against regional currencies. Data from stock exchanges in Taiwan, India, the Philippines, Vietnam, Thailand, Indonesia and South Korea showed that…
