By Hannah Lang (Reuters) – SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, is set to go public on the Nasdaq stock exchange on Thursday via a merger with a blank-check company, the company said Wednesday. The listing caps a rocky two years for…
(Reuters) -Signups for Netflix in the United States remain elevated despite a fall from June’s record high after the video-streaming pioneer’s crackdown on shared passwords came into effect in May, according to data from research firm Antenna. “Love is sharing a password,” Netflix had posted on X – then known as Twitter – in 2017,…
SEOUL (Reuters) – China’s BYD Co Ltd and South Korea’s KG Mobility Co Ltd are in talks to jointly build an electric vehicle (EV) battery plant in South Korea, a source told Reuters on Wednesday. The Chinese battery and EV maker and the South Korean automaker hope to secure stable battery supplies through the venture,…
(This Aug. 14 story has been corrected to say food inflation rose 11.51% in July, not June, compared with revised 4.55% in June, in paragraph 5) By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) – India’s annual retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed,…
A look at the day ahead in European and global markets from Kevin Buckland The surge in U.S. yields to 16-year highs has dominated the market’s focus all week in the run-up to the Fed’s closely watched Jackson Hole Symposium, which should set the tone for policy direction. Today, though, yields have finally taken a…
By Medha Singh (Reuters) – Nvidia shares fell from an all-time high on Tuesday, moving in line with the overall market sluggishness, but investors are still optimistic about quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence. The S&P 500 and the Dow ended lower, while…
WASHINGTON (Reuters) -The Biden administration on Tuesday said it was overhauling student loan repayment plans, seeking to make payments more affordable by reducing the amount owed each month and curbing unpaid interest. The changes would save $1,000 a year for the typical borrower and $2,000 a year on loans taken by a typical graduate of…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia’s shares following the chipmaker’s quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade…
HOUSTON (Reuters) – Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday. The outlook for stronger energy prices has not changed the focus on investor returns from the U.S. industry,…
(Reuters) – Gold miner Newmont Corp said on Monday it has received clearance from Australia’s competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining. If the deal goes through, Newcrest shareholders would receive 0.400 Newmont share for each share, with an implied value of A$29.27 a share. Newcrest in…
