Wall Street rally highlights reports from Tesla, Netflix

Oct 18 (Reuters) – Investors are speculating about whether Monday’s big stock jump was the start of a recovery or another pause in the market’s downturn, and the answer may hinge in part on upcoming quarterly results from heavyweights including Tesla Inc (TSLA.O), Johnson & Johnson ( JNJ.N) and Netflix Inc (NFLX.O). The world’s most-tracked … Read more

From burgers to gadgets, stressed consumers buy cheap

NEW YORK/LONDON, July 26 (Reuters) – Some global consumers are showing signs of cracking as shoppers stressed by record inflation stick to buying staples like food, bleach and cheap burgers, while those with larger bank accounts are buying $3,000 at Louis Vuitton. handbags Investors are closely watching second-quarter corporate results for signs that economies are … Read more

Crypto exchange FTX has “a few billion” to support industry – Bankman-Fried

FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register July 6 (Reuters) – Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his … Read more

Buckle Up: How investors can deal with crypto turbulence

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 30 (Reuters) – When Doug Milnes started buying cryptocurrencies in January of this year, he felt like it could become … Read more

Baidu EXCLUSIVE in talks to sell majority stake in iQIYI, China’s answer to Netflix -source

Baidu plans to sell all of its holdings in iQIYI -sources Share sale can value iQIYI at around $7 billion -source The targeted iQIYI value will represent a price of $8.13/share The deal has attracted interest from PAG and China Mobile -source HONG KONG, June 15 (Reuters) – Chinese internet search engine giant Baidu Inc … Read more