By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…
(Reuters) -Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engines joint venture between Renault and Geely, the Chinese automaker said on Friday. Reuters earlier in the day reported that Aramco was close to buying a 10% stake in Horse Powertrain. The transaction values the joint venture, which supplies gasoline engines, hybrid…
By Brendan Pierson and Nate Raymond (Reuters) – Arizona’s top court on Tuesday revived a ban on nearly all abortions under a law from 1864, a half century before statehood and women’s suffrage, further restricting reproductive rights in a state where terminating a pregnancy was already barred at 15 weeks of gestation. The Arizona Supreme…
TORONTO, Oct. 22, 2025 /CNW/ – Fidelity Investments Canada ULC today announced the October 2025 cash distributions for the Fidelity ETFs (…
By Stephen Nellis and Arsheeya Bajwa (Reuters) – For chip designer Nvidia, the generative artificial intelligence boom is the gift that keeps on giving. After riding a demand surge sparked by Big Tech’s rush to roll out chatbots, Nvidia now expects new AI models that are capable of creating video and engaging in human-like voice…
By Jody Godoy (Reuters) -The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, according to a source familiar with the matter. Under the deal, the U.S. Department of…
By Allison Lampert, Rajesh Kumar Singh and Svea Herbst-Bayliss CHICAGO (Reuters) – Activist investor Elliott Investment Management told one of Southwest Airlines’ top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board. Elliott, which owns 10% of…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The clock is ticking for Keith Gill, the stock influencer known on YouTube as “Roaring Kitty,” to lock in gains on his options position in GameStop as the company’s share price wobbles and the expiration date for the contracts draws closer. Shares of GameStop tumbled 12% on…
By Nora Eckert DETROIT (Reuters) – Ford Motor is trying to get more of its managers to buy electric vehicles, according to an internal email the automaker sent last week that was reviewed by Reuters. The Dearborn, Michigan-based company changed a leasing program it offers to eligible current and former managers, now requiring them to…
By Saeed Azhar and Jonathan Stempel NEW YORK (Reuters) -Citigroup urged a judge to dismiss a lawsuit by a former managing director who accused the bank of firing her in retaliation for refusing to give regulators false information. The third-largest U.S. bank said it lawfully terminated Kathleen Martin because she lacked the leadership and engagement…
