(This Aug. 15 story has been corrected to clarify that CFRA is a research company and not a brokerage firm,…
Tag: Updated
Intel scraps $5.4 billion Tower deal after China review delay
By Anirban Sen NEW YORK (Reuters) -Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor…
Target sees profit boost on fewer discounts, Pride backlash hurts sales
By Ananya Mariam Rajesh (Reuters) -Target cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall…
White House sees no reason for a government shutdown
WASHINGTON (Reuters) – The White House said on Tuesday that they do not see any reason to have a government…
Binance files for protective order against SEC
(Reuters) -Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission,…
U.S. home builder confidence falls for the first time in 2023
By Safiyah Riddle (Reuters) – U.S. home builder confidence weakened in August for the first time this year, according to…
Home Depot rides on smaller remodeling projects to top sales, profit estimates
By Deborah Mary Sophia (Reuters) -Home Depot on Tuesday posted better-than-expected quarterly results, cemented by Americans’ steady spending on small-scale…
U.S. Steel shares jump after Esmark makes $7.8-billion offer
By Priyamvada C (Reuters) -U.S. Steel shares extended their rally on Monday after privately held firm Esmark made a $7.80…
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…
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…