Editor

Putin to visit China’s Xi to deepen strategic partnership

By Guy Faulconbridge MOSCOW (Reuters) – Russian President Vladimir Putin will visit China on Thursday for talks with Xi Jinping that the Kremlin hopes will deepen a strategic partnership between the two most powerful geopolitical rivals of the United States. China and Russia declared a “no limits” partnership in February 2022 when Putin visited Beijing just days before he sent tens of thousands of troops into Ukraine, triggering the deadliest land war in Europe since … Read more…

Meta to shut Workplace app to focus on AI, metaverse

(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users can continue to access the product until August 2025. “We are discontinuing Workplace (to) focus on building AI and metaverse … Read more…

Explainer-Why are meme stocks rallying again?

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 in meme stocks: ROARING KITTY AND HIS SKETCH Keith Gill, popularly known among traders as “Roaring Kitty”, shared a series … Read more…

Boeing Starliner’s crew debut delayed again over spacecraft issue

By Joey Roulette WASHINGTON (Reuters) -Boeing’s first Starliner mission carrying astronauts into space has been delayed again – until at least May 21 – over an issue with the spacecraft’s propulsion system, the company said on Tuesday. Starliner’s mission carrying two NASA astronauts had been scheduled for liftoff from Florida last week until a technical issue with its Atlas 5 rocket prompted a delay to Friday, May 17, the latest postponement for a program years … Read more…

Paramount shares fall after CNBC reports Sony rethinking its bid

(Reuters) -Shares of Paramount Global fell more than 7% on Tuesday after CNBC reported, citing sources, that Sony Pictures is rethinking its bid for the U.S. media company. “People close to the situation that I’ve been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to be fading a bit,” CNBC’s David Faber said. “That does not mean that there would not be some sort of … Read more…

‘Choose France’ investment push bags record $16 billion in pledges

By Sudip Kar-Gupta and Elizabeth Pineau PARIS (Reuters) – France won a record 15 billion euros ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the limelight with global CEOs and forget about strained public finances and weak polls for a while. The bumper crop of pledges, in sectors ranging from artificial intelligence to pharmaceuticals and energy, stood Macron in good stead as he hosted business leaders for the … Read more…

Anglo American rejects BHP’s revised $42.7 billion buyout proposal

By Clara Denina LONDON (Reuters) -Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world’s largest listed miner “continues to significantly undervalue” the company. The London-listed miner had earlier rebuffed BHP’s initial $39 billion all-share proposal made on April 25, dismissing it as opportunistic and saying it would dilute the upside value for its shareholders relative to BHP’s. “The latest proposal from BHP again … Read more…

Apple’s Vision Pro Headset Goes Global

(Reuters) – Apple is gearing up to sell its Vision Pro mixed-reality headset outside the United States, Bloomberg News reported on Monday, in a bid to invigorate demand for its most expensive bet in years. The iPhone-maker has flown hundreds of employees from its international stores to Cupertino, California and started training them on how to demonstrate the $3,499 headset to customers, the report added, citing people with knowledge of the matter. Apple plans to … Read more…

NY Fed report warns discount window stigma may never go away

By Michael S. Derby (Reuters) – The Federal Reserve needs to rethink how it provides swift liquidity to banks, a report from the Federal Reserve Bank of New York said on Monday. That’s because despite many years of trying to reform the discount window, the long-standing stigma around this facility “has clearly become deeply engrained among practitioners and it may be impossible to change that norm,” wrote economists Olivier Armantier and Charles Holt. “Even extreme … Read more…

The Streaking Dow Jones – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Friday’s market turned the corner, with investor concerns on the sideline. High tech red hot earning reports stirred the market: Labor began to balance out with hiring drifting lower and wages leveling off, giving the market ‘room-to-run.’ All the indexes responded, led again by the tech-heavy equities, with the Nasdaq Composite jumping up 2% while the Dow Jones Industrial Average surged 450 points, up 1.2%. The standard bearer S&P … Read more…