News
Important Only
ReutersThu, Dec 18
Activist Elliott Investment Management Builds Over $1B Stake In Lululemon - WSJ
ReutersThu, Dec 18
Architect of Delta Air Lines' premium strategy to retire in February
ReutersThu, Dec 18
Dye & Durham Says It Launches Strategic Sale Process
ReutersThu, Dec 18
Launchpad Cadenza Acquisition Corp I Prices IPO of 20 Million Units At A Price Of $10.00 Per Unit
ReutersThu, Dec 18
RPT-ROI-Move over 'R-star', puzzling US jobs data shines light on 'U-star': McGeever
ReutersThu, Dec 18
OpenAI discussed raising tens of billions at valuation of about $750 billion, the Information reports
Other
Activist Elliott Investment Management Builds Over $1B Stake In Lululemon - WSJ
Dec 17 (Reuters) - ACTIVIST ELLIOTT INVESTMENT MANAGEMENT BUILDS OVER $1B STAKE IN LULULEMON - WSJELLIOTT IS PUSHING FOR FORMER RALPH LAUREN EXECUTIVE JANE NIELSEN TO BE LULULEMON’S NEW CEO - WSJSource text: https://tinyurl.com/45wxtve6Reuters
Thu, Dec 18
Other
Architect of Delta Air Lines' premium strategy to retire in February
By Rajesh Kumar SinghCHICAGO, Dec 17 (Reuters) - Delta Air Lines DAL.N said on Wednesday that Glen Hauenstein, its president and the architect of its premium-focused strategy, will retire in February.Hauenstein, 64, joined the Atlanta-based airline in 2005 and has served as president since 2016. Dur...Reuters
Thu, Dec 18
Other
Dye & Durham Says It Launches Strategic Sale Process
Dec 17 (Reuters) - Dye & Durham Ltd DND.TO:DYE & DURHAM PROVIDES SHAREHOLDER UPDATES ON INITIATIVES FOR VALUE CREATION AND ANNOUNCES AMENDMENT TO SENIOR CREDIT AGREEMENTDYE & DURHAM LTD - LAUNCHES STRATEGIC SALE PROCESSDYE & DURHAM LTD: CONFIRMS FORMAL LAUNCH OF STRATEGIC SALE PROCES...Reuters
Thu, Dec 18
Other
Launchpad Cadenza Acquisition Corp I Prices IPO of 20 Million Units At A Price Of $10.00 Per Unit
Dec 18 (Reuters) - LAUNCHPAD CADENZA ACQUISITION CORP I: PRICES 20 MILLION UNITS AT A PRICE OF $10.00 PER UNITLAUNCHPAD CADENZA ACQUISITION CORP I ANNOUNCES PRICING OF $200,000,000 INITIAL PUBLIC OFFERINGFurther company coverage: [ ]Reuters
Thu, Dec 18
Stocks
RPT-ROI-Move over 'R-star', puzzling US jobs data shines light on 'U-star': McGeever
By Jamie McGeever ORLANDO, Florida, Dec 17 (Reuters) - There is much discussion in U.S. economic circles around "R-star", the theoretical rate of interest that neither spurs nor crimps economic activity. But Federal Reserve officials could soon shift their focus to "U-star". That&...Reuters
Thu, Dec 18
Other
OpenAI discussed raising tens of billions at valuation of about $750 billion, the Information reports
Dec 17 (Reuters) - OpenAI has held preliminary talks with some investors about raising at a valuation of around $750 billion, the Information reported on Wednesday.The ChatGPT maker could raise tens of billions of dollars, and as much as $100 billion, the report said, citing people with knowledge of...Reuters
Thu, Dec 18
Other
US House passes Republican healthcare bill without ACA subsidy renewal
House Republicans block Democrats' effort to extend ACA subsidyHouse Republicans embrace bill to lower premiums, reduce subsidiesCBO: Republican bill to cut insured by 100,000 annually, save $35.6 billionModerate Republicans challenged leadership on healthcare fixBy Richard Cowan, Bo Erickson an...Reuters
Thu, Dec 18
Other
Shares in South Korea's LGES drop more than 7% after Ford cancels EV battery deal
SEOUL, Dec 18 (Reuters) - Shares of LG Energy Solution 373220.KS dropped as much as 7.6% in morning trade on Thursday after the company announced a day earlier that Ford Motor F.N had cancelled an electric vehicle (EV) battery supply deal. The South Korean battery maker said in a regulatory filing t...Reuters
Thu, Dec 18
Other
Soccer-Ecuador international Pineida dies in attack, says club
QUITO, Dec 17 (Reuters) - Ecuador international Mario Pineida died on Wednesday after being attacked in the city of Guayaquil, his Ecuadorean team Barcelona Sporting Club said in a statement.Local media reported the player, who was 33 years old, died in a gun attack outside a shop in the north of Gu...Reuters
Thu, Dec 18
Forex
NZD/USD edges lower below 0.5800 despite robust New Zealand Q3 GDP growth
The NZD/USD pair remains weak near 0.5770 during the early Asian trading hours on Thursday. The New Zealand Dollar (NZD) edges lower against the Greenback despite a stronger-than-expected New Zealand Gross Domestic Product (GDP) report.
Fxstreet
Thu, Dec 18
Cryptocurrencies
Acting CFTC Chair Caroline Pham transitions to private sector with MoonPay
Caroline Pham is set to leave the Commodity Futures Trading Commission (CFTC) after four years of employment. She will now work with MoonPay as its Chief Legal and Administrative Officer. With Caroline Pham’s exit from the CFTC to join the crypto payment company, MoonPay, Mike Selig, a crypto lawyer will fill her role. She follows […]Cryptopolitan
Thu, Dec 18
Cryptocurrencies
Federal Reserve officially backs off 2023 bank crypto restrictions permanently
The Fed dropped its old 2023 rule and replaced it with a new policy that gives state member banks room to use innovative tools without being stuck under the limits created two years ago. The Board said the financial system changed enough to make the earlier rule useless. The new move applies to both insured […]Cryptopolitan
Thu, Dec 18
Other
EXCLUSIVE-FTC probes Instacart's AI pricing tool, source says; shares drop
By Jody GodoyDec 17 (Reuters) - The U.S. Federal Trade Commission is probing Instacart CART.O, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool.Instacart shares were down about 10% in after-hours trading.Th...Reuters
Thu, Dec 18
Other
EXCLUSIVE-Amazon, Walmart shareholder pushes firms to report impact of Trump's immigration policies
SOC Investment Group seeks impact reports on Trump's immigration policiesUnion-aligned SOC has shares in Amazon, Walmart, AlphabetH-1B visa changes cause concern in tech hubs, potential job relocationsBy Arriana McLymore and Ross Kerber NEW YORK, Dec 18 - A union-aligned investment group sent...Reuters
Thu, Dec 18
