S&P 500 snaps losing streak on jobless claims rise

S&P 500 snaps losing streak on jobless claims rise

Weekly jobless claims rise in line with estimates Moderna, Pfizer up as FDA authorizes updated COVID boosters Exxon climbs after boosting buyback program Dec 8 (Reuters) – The S&P 500 (.SPX) closed higher on Thursday, snapping a five-session losing streak, as investors pushed the index higher after interpreting data showing a rise in weekly jobless … Read more

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) said on Thursday it will no longer offer games such as ‘World of Warcraft’ and ‘Hearthstone’ in China from next year once its deal with NetEase (9999.HK) ends, prompting shares in the Chinese internet giant to tumble. California-based Blizzard said it was unable to reach a deal with … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

SEC adds China’s JD.com to list of over 80 firms facing delisting risk

SEC adds China’s JD.com to list of over 80 firms facing delisting risk

May 5 (Reuters) – The U.S. Securities and Exchange Commission (SEC) added over 80 firms, including China’s JD.com (9618.HK), to a list of entities facing possible expulsion from American exchanges amid a long-running auditing standoff between the United States and China. On Wednesday, the SEC expanded the list on a provisional lineup under a 2020 … Read more

New York Times misses quarterly revenue estimates

New York Times misses quarterly revenue estimates

The New York Times building is seen in Manhattan, New York, U.S., August 3, 2020. REUTERS/Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – The New York Times Co (NYT.N) reported first-quarter revenue on Wednesday that missed analysts’ estimates, hurt by slowing digital subscriptions growth at a time when … Read more

Bored Ape NFT company raises around $285 million of crypto in virtual land sale

Bored Ape NFT company raises around $285 million of crypto in virtual land sale

A representation of cryptocurrency Ethereum is seen next to non-fungible tokens (NFTs) of Yuga Labs “Bored Ape Yacht Club” collection displayed on its website, in this illustration picture taken March 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 1 (Reuters) – The company behind the “Bored Ape” … Read more

Buffett reveals big investments, rails against Wall St excess at Berkshire meeting

Buffett reveals big investments, rails against Wall St excess at Berkshire meeting

OMAHA, Neb., April 30 (Reuters) – Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc (BRKa.N) to reveal major new investments including a bigger stake in Activision Blizzard Inc (ATVI.O), while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war. The meeting in … Read more

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

April 8 (Reuters) – Jarindr Thitadilaka says he earned as much as $ 2,000 a month last year on his collection of digital pets, which he would breed and send in battle to win cryptocurrencies. The 28-year-old from Bangkok played Axie Infinity, one of a new breed of blockchain-based online games called “play-to-earn”, which mixes … Read more