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May 24, 2022

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Oh Snap! Social media stocks lose billions after Snapchat parent warning

Reuters
A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Snap Inc (SNAP.N) shares plunged......

Palantir, Trafigura aim to track carbon emissions for the oil industry

Reuters
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 24 (Reuters) – Palantir Technologies Inc (PLTR.N) and global commodities trader Trafigura have set......

Zoom raises full-year profit view on strong enterprise demand

Reuters
Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year adjusted profit forecast on Monday, betting on......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

Roblox expects losses for ‘foreseeable future’ as pandemic demand wanes

Reuters
A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 10 (Reuters) – Roblox Corp......

EXCLUSIVE Recruitment software maker iCIMS raises funding from TA Associates after pulling IPO

Reuters
May 5 (Reuters) – Recruitment software company iCIMS has raised fresh capital from U.S. private equity firm TA Associates after scrapping plans to go public, its chief executive told Reuters on Thursday. Already backed by private equity firm Vista Equity Partners, iCIMS did not disclose how much it raised from......

‘Fortnite’ returns to iOS, Android devices via Microsoft’s Xbox Cloud Gaming

Reuters
The Fortnite logo is seen at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 25, 2018. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register May 5 (Reuters) – Users of Xbox Cloud Gaming will now be able to play “Fortnite”......

NYSE-owner ICE eyes mortgage market reform as profit rises

Reuters
A trader walks below screens showing the current price of Intercontinental Exchange (ICE) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 5 (Reuters) – New York Stock Exchange owner......

EXCLUSIVE Germany’s SAP hires adviser for $1 bln Litmos software sale -sources

Reuters
The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, May 3 (Reuters) – German software firm SAP (SAPG.DE) is working with investment bank Moelis & Co......

Stellantis to boost EV plants with C$3.6 bln investment

Reuters
A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol Register now for FREE unlimited access to Reuters.com Register May 2 (Reuters) – Stellantis N.V. (STLA.MI) will spend up to C$3.6 billion ($2.8 billion) to boost production of......

Microsoft discloses onslaught of Russian cyberattacks on Ukraine

Reuters
April 27 (Reuters) – Russian government hackers carried out multiple cyber operations against Ukraine that appeared to support Moscow’s military attacks and online propaganda campaigns, Microsoft (MSFT.O) said in a report on Wednesday. The reported intrusions – some of which have not been previously disclosed – suggest that hacking has......

Asian stocks stumble, dollar at pandemic high on global growth fears

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, looks at an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Asian stocks extend global rout on growth woes Dollar......

Nasdaq tumbles to lowest close since late 2020

Reuters
Microsoft, Alphabet drop ahead of reports after the bell GE down after it sees 2022 earnings at lower end of forecast Tesla tanks a day after Musk clinches deal to buy Twitter Indexes: Dow -2.38%, S&P 500 -2.81%, Nasdaq -3.95% April 26 (Reuters) – Wall Street ended sharply lower on......

Economic fears hit global equities, commods; Twitter lifts Wall St

Reuters
WASHINGTON/LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19......

Indonesia’s GoTo nearly hit limit in stock stabilisation scheme

Reuters
A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, Dec, 15, 2017. REUTERS/Beawiharta Register now for FREE unlimited access to Reuters.com Register JAKARTA, April 22 (Reuters) – A total of 6 billion shares of Indonesia’s largest tech firm PT GoTo Gojek Tokopedia (GOTO.JK) have been bought as......

Activision cooperating with federal insider trading probes -filing

Reuters
Activision games “Call of Duty” are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register April 15 (Reuters) – Activision Blizzard (ATVI.O) is cooperating with federal investigations into trading by......

Indonesia’s GoTo surges on debut, sets tone for sector

Reuters
JAKARTA, April 11 (Reuters) – Shares of GoTo (GOTO.JK) soared as much as 23% in their market debut on Monday after Indonesia’s largest tech company raised $1.1 billion in a widely anticipated IPO, setting the mood for other tech offerings. GoTo shares climbed to as much as 416 rupiah ($0.0290)......

Logistics giants hedge their bets in uncertain U.S. self-driving truck race

Reuters
TUCSON, Ariz., April 4 (Reuters) – U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and neither are their biggest potential customers. The uncertainties surrounding autonomous trucking come at a critical time for the U.S.......

Wall St climbs as megacap growth stocks gain, Twitter surges

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake U.S.-listed Chinese companies surge Utilities, real estate lag among S&P 500......

Analysis: With capital markets jittery, private equity pounces to finance tech buyouts

Reuters
April 4 (Reuters) – When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc (PLAN.N) last month, it skipped banks and went directly to private equity lenders including Blackstone Inc (BX.N) and Apollo Global Management Inc (APO.N). Within eight days, Thoma......

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