Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla slumps on report of reduced output plan China ADRs rise on reopening optimism Indexes mixed: Dow up 0.40%, S&P down 0.11%, Nasdaq down 0.80% Dec 27 (Reuters) – The tech-heavy Nasdaq came under pressure on Tuesday following declines in some megacap growth stocks and Tesla, while optimism around an economic recovery in China after … Read more

Rainwater Tech to list in New York via SPAC merger

Rainwater Tech to list in New York via SPAC merger

NEW YORK, Dec 22 (Reuters) – Rain Enhancement Technologies Inc, a developer of systems that boost rainfall in arid regions, has agreed to combine with special purpose acquisition company (SPAC) dMY Technology Group VI (DMYS.N), the companies told Reuters. Led by Mike Nefkens, the former president of Hewlett Packard Enterprise Services, Rain Enhancement Technologies – … Read more

Wall Street falls fourth straight day as recession worries nag

Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street equities closed lower on Monday for a fourth straight session with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve’s tightening campaign could push the U.S. economy into a recession. The three major U.S. stock indexes have been pressured since Wednesday, when Fed Chair … Read more

Malaysia landslide kills 12 at campsite, more than 20 missing

Malaysia landslide kills 12 at campsite, more than 20 missing

Landslide ripped through farm campsite around 3 am Eight injured, at least 50 found safe Almost 400 people involved in search and rescue – police KUALA LUMPUR, Dec 16 (Reuters) – A landslide killed at least 12 people while they slept at a campsite in Malaysia early on Friday, officials said, as search teams scoured … Read more

Macau shuts all its casinos to curb COVID, gaming shares plunge

Macau shuts all its casinos to curb COVID, gaming shares plunge

Residents wearing face masks line up to get tested for the coronavirus disease (COVID-19) in Macau, China July 4, 2022. REUTERS/John Mak Register now for FREE unlimited access to Reuters.com Register More than 30 zones across the city locked down Four rounds of mass COVID testing slated this week Macau’s casinos have been effectively shut … Read more

Taser maker halts drone project; most of its ethics panel resigns

Taser maker halts drone project; most of its ethics panel resigns

The headquarters for Axon Enterprise Inc, formerly Taser International, is seen in Scottsdale, Aizona, U.S., May 17, 2017. Picture taken May 17, 2017. To match Special Report USA-TASER/EXPERTS REUTERS/Ricardo Arduengo Register now for FREE unlimited access to Reuters.com Register June 5 (Reuters) – Taser-maker Axon Enterprise Inc (AXON.O) said on Sunday it was halting work … Read more

U.S. accuses casino tycoon Wynn of acting as Chinese agent

U.S. accuses casino tycoon Wynn of acting as Chinese agent

WASHINGTON, May 17 (Reuters) – The U.S. Justice Department on Tuesday sued Steve Wynn, the former CEO of Wynn Resorts (WYNN.O), to compel him to register as an agent of China and accused him of lobbying then-President Donald Trump at Beijing’s behest in 2017. Wynn’s lawyers denied the allegations, saying he had never acted as … Read more