Hindenburg shorts Icahn Enterprises bonds as battle with billionaire heats up
(Reuters) – Short seller Hindenburg Research on Thursday initiated a short position in Icahn Enterprises LP bonds and said the…
HSBC, Scotiabank hit with US penalties for recordkeeping violations
(Reuters) – U.S. regulators hit units of Bank of Nova Scotia and HSBC Holdings (NYSE:HSBC) with civil penalties for widespread…
Fed headed for a pause, then rate cuts, traders bet
(Reuters) – A jump in jobless claims reported Thursday, along with weaker-than-expected wholesale price pressures, have for now wiped out…
Russia to evacuate more Zaporizhzhia nuclear workers – Ukraine’s Energoatom
(Reuters) – Russian forces are planning to evacuate more than 3,000 workers from the town that serves the occupied Zaporizhzhia…
U.S. Supreme Court rejects challenge to California humane pig confinement law
(Reuters) – The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous…
Polestar slashes production guidance and announces job cuts
Swedish electric automaker, Polestar Automotive (NASDAQ:PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut…
Alphabet shares rally as Wall Street analysts upbeat following Google I/O developer conference
Analysts reacting to Alphabet-owned (NASDAQ:GOOGL) Google’s keynote event at its annual multi-day developer conference Google I/O, have pushed the stock…
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.88%
Saudi Arabia stocks were higher after the close on Thursday, as gains in the Telecoms & IT, Building & Construction and Hotels & Tourism sectors…
Activist investor Elliott recommends 5 directors to Goodyear board
(Reuters) – Elliott Investment Management L.P. on Thursday sent a letter to Goodyear Rubber & Tire Co recommending five directors…
General Motors restructures business unit to compete with Ford Pro
Detroit automaker, General Motors (NYSE:GM), at its annual Fleet Solutions Summit, revealed that the company is consolidating its North American…