By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders are pointing to a massive quarterly options trade on Thursday they said was from a JPMorgan fund as one reason why the stock market took a nosedive late in the day, as options flows linked to the trade exacerbated market weakness. The S&P 500 Index fell…
By Makiko Yamazaki TOKYO (Reuters) -Investors sent Toshiba Corp shares sharply higher on Friday as they bet the Japanese conglomerate could become the target of a bidding war after Bain Capital sounded out shareholders about a possible buyout. The stock jumped 6.7% in morning Tokyo trade on expectations that global private equity firms could be…
(Reuters) – A key part of the U.S. yield curve inverted on Friday morning in Asia, the second time in a few hours, according to Tradeweb data, as the two-year U.S. Treasury note yield rose above the benchmark 10-year yield. That part of the yield curve inverted on Tuesday for the first time since September…
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares fell on Friday following the biggest quarterly drop in global equities in two years, as investors worried about the impact of the Russian-Ukrainian war and rising risks of recession. On Thursday, Russian President Vladimir Putin struck back at Western sanctions on Moscow, threatening to halt contracts supplying…
By Leika Kihara TOKYO (Reuters) – Most Asian factories saw activity slow in March, as slumping Chinese demand and rising raw material costs blamed on the Ukraine crisis added strains to firms already suffering from lingering supply chain disruptions. While Japan benefited from easing COVID-19 infections, the spike in fuel and grain costs clouded the…
By Sonali Paul MELBOURNE (Reuters) – Oil prices seesawed on Friday ahead of a meeting of consuming nations to discuss a new release of emergency oil reserves alongside a huge planned release by the United States. U.S. West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel at 0057 GMT after trading…
(Reuters) – Online gaming platform Roblox Corp said on Thursday Apple Inc’s App Store offers privacy and safety benefits to its users, supporting the iPhone-maker’s bid to beat an appeal by Epic Games in a key U.S. antitrust case. Epic, known for its “Fortnite” game, largely lost a trial last year over whether Apple’s fees…
By Tina Bellon (Reuters) -Washington Governor Jay Inslee on Thursday signed into law a minimum pay standard for Uber and Lyft drivers, making Washington the first U.S. state to implement earnings standards for ride-hail companies. Drivers across the Northwestern state will earn a minimum of $1.17 per mile and 34 cents per minute with a…
By David Shepardson (Reuters) -Ford Motor Co and General Motors will each halt production next week at a Michigan plant due to parts shortages, the two companies said separately on Thursday. No. 2 U.S. automaker Ford said it would suspend production at its Flat Rock Assembly Plant next week, where it builds the Mustang, due…
(Reuters) -Video game retailer GameStop Corp said on Thursday it would seek shareholder approval for a stock split, aiming to become the latest U.S. company to make it easier for retail investors to own its shares. The move comes after retail investor interest in so-called ‘meme stocks’ flared up in the last two weeks, leading…
