British regional airline Flybe ceases trading, cancels all flights

Collapse for the second time in three years 276 employees laid off by administrators About 75,000 customers had future bookings Hurt by delayed aircraft delivery Rivals see increasing demand LONDON, Jan. 28 (Reuters) – British regional airline Flybe on Saturday suspended operations for the second time in three years, canceling all flights and laying off … Read more

Wall Street ends higher, posts weekly gains as Fed meeting looms

PCE: Inflation Cools With Consumer Spending American Express, Visa move higher on strong demand Chevron falls after missing earnings estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan. 27 (Reuters) – Wall Street moved ahead on Friday, marking the end of a rocky week in which economic data and corporate earnings expectations … Read more

EV maker Lucid rises on report Saudi PIF to buy remaining stake

27 Jan. (Reuters) – Shares of Lucid Group (LCID.O) rose 43% on Friday, a drop in earnings after doubling market speculation that the Saudi Arabian Public Investment Fund (PIF) was looking to buy out the electric vehicle maker. The speculation stemmed from an “uncooked” warning attributed to deals website Betaville, which used the term for … Read more

BuzzFeed soars on posts about Meta deal, plans to use OpenAI

Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) rose on Thursday following reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to improve the digital media company’s online quizzes and content personalize and improve . The stock was up 19% in extended trading after more than doubling in … Read more

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

25 Jan. (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have fueled demand for its electric vehicles, Chief Executive Elon Musk said Wednesday, allaying concerns that a weak economy would curb buyer interest. The company slightly surpassed Wall Street’s targets for fourth-quarter revenue and profit earlier on Wednesday, despite a sharp drop in auto profit … Read more

Hindenburg says he has short positions in India’s Adani

BENGALURU, Jan. 25 (Reuters) – Hindenburg Research said on Wednesday it has short positions in Adani Group companies through US-traded bonds and non-Indian-traded derivatives, causing shares of companies in the Indian conglomerate to slide. The short-seller said that seven listed Adani companies are down 85% fundamentally due to skyrocketing valuations and that “major Adani listed … Read more

Wall Street falters after mixed gains, trading halt malfunction

SEC investigates NYSE opening bell error 3M slides on dismal Q1 forecast J&J falls on sales alert; GE down on weak earnings outlook Microsoft will release quarterly figures after the stock market close Indices: Dow up 0.18%, S&P 500 down 0.13%, Nasdaq down 0.25% NEW YORK, Jan. 24 (Reuters) – Wall Street was mixed on … Read more

Amazon deepens the healthcare push with a $5 monthly subscription

24 Jan. (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it is offering a $5-a-month subscription for US Prime members that covers a range of generics and their doorstep delivery, helping the e-commerce giant expand the health care invades . The program, called RxPass, includes more than 50 medications that treat more than 80 chronic … Read more

Cryptoverse: Bitcoin investors are taking control

24 January (Reuters) – Paranoid? The domino demise of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Holders large and small are indeed taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. As … Read more

WHO urges ‘immediate action’ after cough syrup deaths

LONDON, Jan. 23 (Reuters) – The World Health Organization has called for “immediate and coordinated action” to protect children from contaminated medicines following a spate of child deaths from cough syrups last year. In 2022, more than 300 children – mainly under the age of 5 – in The Gambia, Indonesia and Uzbekistan died from … Read more