Activist investor Elliott Investment Management dissolves stake in PayPal
(Reuters) – Activist investor Elliott Investment Management has dissolved its stake in payments giant PayPal, according to a filing with…
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Amazon’s Eco-Friendly Move: Delivering Orders with Minimal Packaging for a Greener Impact
Amazon.Com, Inc (NASDAQ:AMZN) is embarking on a fresh initiative geared towards delivering orders in a more eco-friendly manner, reducing excess…
Broker XP’s revenue rises on higher client assets, card segment growth
(Reuters) – Brazilian investment manager and broker XP on Monday reported a rise in second-quarter revenue, helped by a rebound…
Dollar jumps, oil slides on China worries
By Pete Schroeder WASHINGTON (Reuters) – The U.S. dollar hit its highest levels in more than a month on Monday…
Crypto lender Celsius sends bankruptcy plan to creditor vote
By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge’s permission to…
Kellogg, Kashi defeat appeals over products’ protein content
By Jonathan Stempel (Reuters) – Kellogg and its Kashi unit have defeated appeals seeking to revive two proposed class actions…
US FDA approves Pfizer’s blood cancer therapy
By Bhanvi Satija and Pratik Jain (Reuters) -The U.S. Food and Drug Administration on Monday granted accelerated approval to Pfizer’s…
Bankman-Fried heads to Brooklyn jail notorious for poor conditions
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates…
Tudor, Adage Capital among hedge funds making bets on NYC office space
By David Randall NEW YORK (Reuters) – Basswood Capital, Adage Capital Partners and Paul Tudor Jones’ Tudor Investment Corp were…
US hedge funds stampede out of China in Q2
By Carolina Mandl NEW YORK (Reuters) – U.S.-based hedge fund investors including Coatue, D1 Capital and Tiger Global cut their…