Hedge funds slow value exodus as AI hype drives up growth stocks
NEW YORK/LONDON (Reuters) – Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month,…
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Coach parent Tapestry forecasts weak 2024 on soft U.S. demand
By Savyata Mishra, Juveria Tabassum and Katherine Masters (Reuters) -Coach parent Tapestry, which agreed to buy Capri last week, forecast…
Payments company Adyen’s shares plummet by a third after earnings miss
By Toby Sterling and Elizabeth Howcroft AMSTERDAM (Reuters) -Dutch payments processor Adyen NV’s shares fell by a third on Thursday,…
BAE snaps up Ball’s aerospace arm for $5.6 billion in its biggest deal ever
By Yadarisa Shabong (Reuters) -Britain’s BAE Systems on Thursday agreed to buy Ball Corp’s aerospace assets for about $5.55 billion…
How U.S. Steel became an acquisition target
By Anirban Sen and David Carnevali NEW YORK (Reuters) – U.S. Steel Corp attracted acquisition interest after short-term challenges, including…
BAE says $5.5 billion Ball Corp deal will help it meet Ukraine-led defence demand
By Muvija M LONDON (Reuters) – Britain’s BAE Systems said its $5.5 billion purchase of Ball Corp’s aerospace business would…
Maui’s ‘one big family’ of locals rally to aid of wildfire victims
By Jonathan Allen LAHAINA, Hawaii (Reuters) – Although Uilani Kapu’s home was spared by the wildfires that raged through West…
U.S. Mid-Atlantic manufacturing sky-rockets to 16-month high
By Safiyah Riddle (Reuters) – Manufacturing activity in the U.S. Mid-Atlantic region grew at its strongest pace since April 2022…
Japan exports fall for first time since 2021, stoking concerns about economy
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s exports fell in July for the first time in nearly 2-1/2 years, dragged down…
Chinese asset manager signals debt overhaul, stokes contagion fears
By Jason Xue and Clare Jim SHANGHAI/HONG KONG (Reuters) -A major Chinese asset manager has told its investors it needs…