News

September 8, 2021 (Reuters) – U.S. semiconductor maker Analog Devices Inc said on Wednesday its takeover of Maxim Integrated Products is now expected to add to adjusted earnings twelve months after closing. The current timeline is six months ahead of Analog’s initial forecast, and the company expects the deal to be neutral to adjusted earnings […]

September 8, 2021 (Reuters) – Lululemon Athletica Inc raised its full-year forecast on Wednesday, after beating revenue estimates on strong demand for its comfortable leggings and sports bras, sending the apparel maker’s shares up 9%. Sportswear makers saw strong demand over the past year as people worked out at home during the COVID-19 pandemic, spurring […]

September 8, 2021 BOSTON (Reuters) – GameStop Corp, the videogame retailer at the center of this year’s “meme stock” trading frenzy, beat analysts’ estimates for quarterly revenue on Wednesday, as vaccinations encouraged people to return to its stores. Net sales rose to $1.18 billion in the second quarter ended July 31 from $942 million a […]

September 8, 2021 By Nate Raymond BOSTON (Reuters) – A Chinese businessman was sentenced on Wednesday to two years in prison after admitting that he illegally exported marine technology with uses in anti-submarine warfare from the United States for the benefit of a Chinese military university. Shuren Qin, who founded a company that sold oceanographic […]

September 8, 2021 By Amy Tennery NEW YORK (Reuters) – No one is more surprised than Emma Raducanu herself. The British teenager became the first qualifier to reach the U.S. Open semi-finals by beating Olympic champion Belinda Bencic in straight sets on Wednesday. “I didn’t expect to be here at all,” Raducanu told reporters. “I […]

September 8, 2021 PARIS (Reuters) -French drugmaker Sanofi said on Wednesday it would buy U.S. biopharmaceutical company Kadmon Holdings for 1.9 billion dollars, one month after announcing the purchase of another US biotech, Translate Bio, for $3.2 billion. Sanofi said it has offered $9.50 per share in cash for Kadmon, representing a total equity value […]

September 8, 2021 By Pete Schroeder WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency on Wednesday proposed rescinding recently updated fair lending rules, as the agency begins work on drafting a new, unified regulation with other bank watchdogs. Under the proposal, the OCC would go back to the previous 1995 regulations […]

September 8, 2021 By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores. Four companies control much of the U.S. meat processing market, and top aides to President Joe Biden blamed those companies for rising food prices in a […]

September 8, 2021 SEOUL (Reuters) -North Korea appears to have staged a night-time military parade of a type it has used in the past to unveil new military hardware including large ballistic missiles, South Korean and other media focused on the country reported on Thursday. South Korea’s Yonhap news agency said the parade appeared to […]

September 8, 2021 By Anthony Boadle BRASILIA (Reuters) – Far-right President Jair Bolsonaro filled wide avenues in Brazil’s biggest cities with his supporters on Tuesday, but the depth of their fervor did little to help his narrowing appeal. While his attacks on the Supreme Court and election integrity may keep his core base activated – […]

Artem Milinchuk Contributor Share on Twitter Artem Milinchuk is the founder and CEO of FarmTogether, a fintech platform channeling funding into natural assets, starting with U.S. farmland. Farmland as an asset class has proven itself to be a stable investment decade after decade. Farmland’s negative correlation with the Dow Jones Industrial Average sits at an […]

September 8, 2021 By Michael Nienaber and Rene Wagner BERLIN (Reuters) -Britain is on course to lose its status as one of Germany’s top 10 trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere. Britain left the European Union’s […]

September 8, 2021 MONTEVIDEO (Reuters) – Uruguay’s government is pushing ahead with free trade talks with China, hoping the small South American nation can became a “gateway” for the regional Mercosur bloc in negotiations with the Asian powerhouse. Uruguayan President Luis Lacalle Pou, who has long pushed for an agreement with China to boost exports […]

September 8, 2021 WASHINGTON/HONG KONG (Reuters) -The U.S. Securities and Exchange Commission has told Coinbase Global Inc that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn interest by lending digital assets, Coinbase said. The top U.S. markets regulator last week told Coinbase […]

September 8, 2021 (Reuters) – U.S. electric vehicle maker Tesla is looking to staff an energy trading desk to support its battery and renewable power projects, according to Telsa’s website and an employee post on career site LinkedIn.com. “I’m building a new team at Tesla focused on Energy Trading and Market Operations,” wrote Julian Lamy, […]

September 8, 2021 By Abdi Sheikh MOGADISHU (Reuters) – Somalia’s two most powerful leaders were locked in a standoff on Wednesday after they named different men to head the politically unstable Horn of Africa nation’s intelligence service. The row between President Mohamed Abdullahi Mohamed and Prime Minister Mohammed Hussein Roble, nominally over a murder investigation, […]

September 8, 2021 DUSHANBE (Reuters) – Panjshiri leader Ahmad Shah Massoud and former Afghan Vice President Amrullah Saleh have not fled Afghanistan and their resistance forces are still fighting the Taliban, the ousted Afghan government’s ambassador to Tajikistan said on Wednesday. Zahir Aghbar, envoy to Dushanbe under the government of ousted Afghan President Ashraf Ghani, […]

September 8, 2021 By Michelle Nichols NEW YORK (Reuters) – A lack of clarity on the Taliban’s position on women in Afghanistan has generated “incredible fear” across the country, a senior U.N. official said on Wednesday, warning there were daily reports of curbs on the rights of women. Alison Davidian, deputy head of UN Women […]

September 8, 2021 By Marianna Parraga and Sabrina Valle HOUSTON (Reuters) – More than three-quarters of the U.S. Gulf of Mexico’s offshore oil and natural gas output remained shut on Wednesday as the fallout from Hurricane Ida continued to hamper production. Some 1.4 million barrels per day (bpd) of crude production and over 1.72 billion […]

September 8, 2021 (Reuters) – Amazon.com Inc is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday. The new system can handle both online and offline transactions and can also link to other services including Prime and Flex, the report added, citing an internal document. […]