Cathie Wood’s ARK fund hits 11-month high as inflation ebbs
By David Randall NEW YORK (Reuters) – The flagship fund of star stockpicker Cathie Wood hit an 11-month high Wednesday,…
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Zara founder Ortega buys US warehouse for $109 million
MADRID (Reuters) – Amancio Ortega, the founder of Zara-owner Inditex, has bought a warehouse in Los Angeles for $109 million…
US airline stock valuations stuck on runway despite travel boom
By Rajesh Kumar Singh CHICAGO (Reuters) -Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings….
In message to Russia, G7 unveils long-term security pledge for Ukraine
By John Irish and Niklas Pollard VILNIUS (Reuters) – G7 countries on Wednesday unveiled an international framework for the long-term…
Brazil’s Azul launches notes offering as part of broad restructuring plan
SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes…
Benihana’s owner explores sale of restaurant chain-sources
By Abigail Summerville NEW YORK (Reuters) – The private equity owner of Benihana Inc is exploring a sale that could…
Microsoft’s $69 billion Activision deal gets US judge go-ahead, UK softens opposition
By Diane Bartz WASHINGTON (Reuters) -Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday,…
Factbox-Denied a NATO invitation, Ukraine still reaps rewards at summit
VILNIUS (Reuters) -NATO leaders at this week’s summit in Vilnius said Ukraine should be able to join the military alliance…
G7 nations unveil security framework for Ukraine
VILNIUS (Reuters) – G7 countries announced on Wednesday an international framework that paves the way for long-term security assurances for…
Fed’s Kashkari: Inflation fight must be won, new stress tests could help
(Reuters) – U.S. financial regulators should take steps to ensure banks can withstand further interest-rate hikes should the Federal Reserve…