(Reuters) – GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the Reddit-driven “meme stock” rally of 2021. Here is a timeline of the key developments for the struggling video game retailer: July 27, 2020- “Roaring Kitty”…
FRANKFURT (Reuters) -Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history. Operating profit in the first three months of 2024 came in at 1.28 billion euros ($1.37 billion), in line with an LSEG estimate,…
(Reuters) – The Federal Reserve is far less likely to start cutting interest rates as soon as September, traders bet on Friday, after a U.S. government report showed employers created many more jobs and paid higher wages last month than expected. Nonfarm payrolls rose 272,000 in May, compared with the 185,000 expected, and average hourly…
WASHINGTON (Reuters) – The U.S. House of Representatives narrowly voted Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax credits. The House voted 217 to 192 to approve the bill, which has not been taken up by the Senate, to tighten the definition of Chinese components…
CAIRO (Reuters) -Yemen’s Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza. In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group…
Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting cautioned that the fundraising bonanza in the city, which leads the global initial p…
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,096 billion kilowatt-hours (kWh) in 2024 and 4,125 billion kWh in 2025. That compares with 4,000 billion kWh…
(Reuters) – Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website. The new Model 3 long-range variant is priced at $42,490. There were no changes to the prices of the base Model…
(Reuters) – The sports-streaming service set to be launched by Walt Disney Co, Warner Bros Discovery and Fox Corp will be called Venu Sports and is on track for launch this fall, Pete Distad, the venture’s CEO, said on Thursday. Announced in February, the service will try to woo younger viewers who are not tuned…
AMSF’s Q3 EPS meet estimates as strong policy retention and new business growth offset weaker investment income.
