Reuters Financial News
15.08 / 12:01
Twitter
Target
Reuters
CEO
Platform
audience
social
Shuts Down
ad
elon
Elon Musk's X social media platform shuts down promoted accounts ad business: report
Social media company X, formerly known as Twitter, will no longer allow advertisers to promote their accounts within the platform's timeline to attract new followers, Axios reported on Tuesday, citing an email to advertising clients. Promoted accounts, or «Follower Objective» ads, generate more than $100 million annually in global revenue for X, according to the report.
15.08 / 11:51
15.08 / 10:45
UPS
Reuters
ETF
NASDAQ
Invesco
Hanesbrands
500
Famous for 'Big Short', Michael Burry bought bearish options against S&P 500, Nasdaq 100: Report
Reuters on 14 August. During the quarter, Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF. Also, it put options with a notional value of $886 million against the SPDR S&P 500 ETF, the report added.
15.08 / 09:41
Reuters
Maxim
Fallout
show
country
Russia's rouble remain volatile after central bank's 350 points rate hike
Reuters reported. The Russian rouble, having experienced a depreciation of over 20% against the US dollar since the commencement of the Ukraine conflict, exhibited a 0.2% decline, settling at a rate of 97.82 against the dollar. On Monday, the currency reached a point close to its lowest value in 17 months, reaching 101.75, and briefly exhibited a trading rate of 92.60 on the following Tuesday morning, displaying considerable volatility as market response followed the unexpected intervention by the central bank.
15.08 / 08:49
Reuters
country
social
Unemployment
China stops releasing youth unemployment data after record-high numbers; here’s why
economic indicator. This move comes in the wake of growing concerns about the state of the world's second-largest economy, which has been facing a series of warning signs. The decision to halt the release of youth jobless figures came shortly after the announcement of factory and retail sales data that fell short of expectations.
15.08 / 08:25
15.08 / 03:53
UPS
Reuters
Tesla
NVIDIA
Micron
Hawaiian
Wall Street: US stock market ends high led by gains in tech stocks; Nvidia shares jump 7%
Catch Independence Day 2023 LIVE Updates here "NVIDIA remains our top pick, with a backdrop of the massive shift in spending towards AI, and a fairly exceptional supply-demand imbalance that should persist for the next several quarters," Morgan Stanley analysts said in a note on Monday, Reuters reported. The rally in Nvidia shares also boosted other megacap growth stocks and lifted the information technology index 1.85% higher.
15.08 / 03:31
Provident
Reuters
show
performer
country
Oil prices
economic data
Oil prices down ahead of key economic data in China
Oil prices fell in early trade on Tuesday ahead of a slew of economic data from China which should provide clues on the outlook for any recovery in demand in the world's top oil importer. U.S. West Texas Intermediate crude was down 11 cents, or 0.13%, at $82.40 a barrel.
15.08 / 03:31
UPS
Lowe's
Reuters
show
country
Low
Rupee breaches 83, touches a 10-month low
rupee closed at its weakest level against the US dollar in almost 10 months as a rise in the greenback globally exerted pressure on Asian currencies, although likely interventions by the Reserve Bank of India reined in the pace of depreciation in the local unit. The rupee closed at 82.95 per US dollar on Monday as against 82.84 per dollar at previous close. Monday's closing marks the weakest level for the rupee versus the US dollar since October 19, 2022, Bloomberg data showed.
15.08 / 02:59
Reuters
Gap
performer
boost
recovery
Rate Cut
China central bank cuts rates to boost economic recovery; a second rate cut in three months
banking system liquidity reasonably ample", the PBOC said in an online statement. The MLF rate serves as a guide to China’s lending benchmark loan prime rate (LPR) and markets mostly use the medium-term policy rate as a precursor to any changes to the lending benchmarks.
15.08 / 02:49
UPS
Reuters
Entertainment
social
Unemployment
reports
China reports big data miss in July, stops releasing youth unemployment numbers
BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months.
14.08 / 20:45
14.08 / 19:49
14.08 / 18:53
14.08 / 18:29
14.08 / 16:55
UPS
Target
Reuters
Italy PM Meloni takes 'full responsibility' for bank tax
MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took «full responsibility» for last week's shock decision to impose a one-off bank tax that has been blamed for causing lasting damage to her government's credibility with financial markets.
14.08 / 16:55
UPS
Reuters
Power
letter
index
Greenlight bought Onex and NET Power shares in Q2, added index hedges -letter
NEW YORK (Reuters) — Greenlight Capital made investments in alternative asset manager Onex Corp and clean energy company NET Power during the second quarter but also added portfolio protection through index hedges, the hedge fund told investors on Monday.
14.08 / 16:07
Lowe's
Target
Reuters
Action
Morningstar
Hawaiian
Hawaiian Electric Industries shares plunge 40% amid deadly Maui wildfire scrutiny
(Reuters) — Hawaiian Electric Industries' (NYSE:HE) shares plunged nearly 40% in early trading on Monday amid growing scrutiny over whether the utility company's equipment played any role in the deadly wildfires that burnt through the coastal Maui town of Lahaina.
14.08 / 14:35
14.08 / 12:33
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