Ackman’s hedge fund Pershing Square bets on Amazon, exits Canadian Pacific
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Bill Ackman told clients on Thursday that his hedge fund bought Amazon…
Gold players keep faith despite trade truce-induced correction
By Brijesh Patel (Reuters) – Gold prices have fallen almost 10% from a record high just above $3,500 per ounce…
‘Big Short’ investor Michael Burry doubles stake in cosmetics maker Estee Lauder
By Anuja Bharat Mistry (Reuters) -Michael Burry’s Scion Asset Management has doubled its stake in Estee Lauder, at a time…
US Federal Reserve aims to trim staff by 10% in coming years
By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve plans to shrink its workforce by about 10% over the coming years,…
AI regulation ban meets opposition from state attorneys general over risks to US consumers
By Jody Godoy (Reuters) -A Republican proposal to block states from regulating artificial intelligence for 10 years drew opposition on…
Apple will appeal contempt ruling in Epic Games case over App Store
By Mike Scarcella (Reuters) – Apple on Monday lodged an appeal to challenge a U.S. judge’s ruling that ordered the…
Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output
(Reuters) – Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and…
Canadian, Australian leaders speak after election victories
WASHINGTON (Reuters) – Canadian Prime Minister Mark Carney and Australian counterpart Anthony Albanese congratulated each other on election wins attributed…
Allies seek deal on more Patriots for Kyiv before NATO summit, source says
By Sabine Siebold BERLIN (Reuters) – Ukraine’s Western allies are in discussions about supplying additional Patriot air defence systems to…
Shell is studying merits of buying BP, Bloomberg News reports
(Reuters) -Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting…