Forget GameStop: Meme Stock Traders Are Now Pumping Beyond Meat-Here’s Why
Roaring Kitty and meme stock traders pushed GameStop (GME) to unprecedented highs in 2021. Can history repeat with Beyond Meat (BYND)?
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Wall St slips as investors pause after rate cut-fuelled rally
By Johann M Cherian and Purvi Agarwal (Reuters) – Wall Street’s main indexes slipped on Friday as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve. The S&P 500 and the Dow hovered near their record highs and were on track…
Zoom Video raises full-year revenue forecast
(Reuters) -Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models. The upbeat outlook suggests that Zoom’s efforts to incorporate artificial intelligence (AI) into its offerings and broaden its range of services have been successful, capitalizing on the rise…
Blinken urges Egypt to ensure aid is flowing into Gaza
By Simon Lewis, Humeyra Pamuk and Patricia Zengerle WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Wednesday urged Egypt to do everything it can to make sure humanitarian aid is flowing into Gaza as food and medicine bound for the strip piles up on the Egyptian side. Blinken told a hearing in the House…
US intelligence official indicates Russia prefers Trump as election victor
WASHINGTON (Reuters) -The United States has not seen a shift from previous U.S. elections in Russia’s preference for the winner of the 2024 presidential vote, a U.S. intelligence official said on Tuesday, indicating that Moscow favors Republican Donald Trump. The official, briefing reporters on U.S. election security, did not name the former president and presumptive…
Appeals court to hear challenges to potential US TikTok ban on Sept. 16
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court on Monday said it will hold oral arguments on Sept. 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. On May 14, a group of TikTok creators filed suit to block the…
Investment platform Linqto to go public via $700 million SPAC deal
(Reuters) – Investment platform Linqto has agreed to go public through a merger with special purpose acquisition company (SPAC) Blockchain Coinvestors Acquisition in a deal valued at $700 million, the companies said on Tuesday. San Jose, California-based Linqto, which has more than 750,000 users in 110 countries, allows users to make investments in unicorns –…
US Supreme Court narrows reach of federal corruption law
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court sided on Wednesday with a former mayor of an Indiana city who was convicted in a case in which he was accused of taking a bribe, in a ruling that could make it harder for federal prosecutors to bring corruption cases against state and local…
Ecuador ex-Vice President Glas back in prison after hospital stay
By Alexandra Valencia QUITO (Reuters) -Former Ecuadorean Vice President Jorge Glas is back in prison in the city of Guayaquil after being discharged from the hospital and is in acceptable health, the SNAI prisons agency said on Tuesday. Glas, already twice convicted of corruption and now facing fresh charges, was arrested on Friday after a…
Chinese vice foreign minister urged US to stop ‘smearing’ China, Beijing says
BEIJING (Reuters) – Chinese Vice Foreign Minister Ma Zhaoxu urged the United States to refrain from “smearing” China and to stop imposing “abusive” sanctions on Chinese companies at talks this week in Washington, China’s foreign ministry said on Friday. Ma met U.S. Deputy Secretary of State Kurt Campbell and deputy national security adviser Jon Finer…