CMPNY

Farewell to the Golden Arches: renamed McDonald’s to reopen in Russia

McDonald’s has been extremely popular in Russia since the early 1990s It is among Western companies leaving Russia over Ukraine The company operated nearly 850 restaurants across Russia McDonald’s restaurants will reopen under new ownership on Sunday June 10 (Reuters) – Sunday marks a new dawn for Russian fast food lovers as a former McDonald’s …

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US agency upgrades Tesla Autopilot safety probe, step ahead of possible recall

WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said on Thursday it was upgrading its probe to 830,000 Tesla (TSLA.O) vehicles with its advanced Autopilot driver assistance system, a mandatory step before being able to request a recall. The auto safety agency opened a preliminary assessment in August to assess the …

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EXCLUSIVE Beijing gives first nod to revive Ant IPO after crackdown chills sources

Ant aims to file preliminary prospectus as soon as July – sources Ant needs CSRC guidance on when to file source prospectus Ant says there are no plans to relaunch its IPO statement Warburg Pincus valued Ant at $180 billion at the end of March HONG KONG, June 9 (Reuters) – China’s central management has …

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Credit Suisse shares soar on reported interest in State Street takeover

MILAN, June 8 (Reuters) – Credit Suisse shares (CSGN.S) rose sharply on Wednesday afternoon, with traders citing a Report inside Paradeplatz than State Street, based in the United States (STT.N) plans a takeover bid for the troubled lender, although some in the industry doubt that claim. Shares of Credit Suisse ended up 3.8% in Zurich …

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Stocks fall as sentiment dips on rate fears and yields rise

Investors cautious ahead of ECB meeting and US CPI data White House expects next inflation numbers to be high Crude hits 13-week high on rising US demand Global growth concerns sap investment sentiment NEW YORK, June 8 (Reuters) – U.S. and European stocks fell on Wednesday as prospects for a rate hike dampened sentiment, while …

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US SEC chief unveils plan to overhaul Wall Street stock trading

WASHINGTON/NEW YORK, June 8 (Reuters) – The top U.S. securities regulator proposed rule changes on Wednesday to transform the way Wall Street handles retail stock trading after last year’s stock market meme raised questions about whether mom-and-pop investors were getting the best price. The plan, unveiled by U.S. Securities and Exchange Commission Chairman Gary Gensler, …

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Amazon stock split could lure retail traders in tough market

Amazon’s logo is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/Files Join now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Amazon (AMZN.O) the stock split may bring some comfort to shareholders who have seen the e-commerce giant’s shares battered this year. …

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Sheryl Sandberg, owner of Facebook, Meta Platforms, will leave after 14 years

June 1 (Reuters) – Meta Platforms Inc (FB.O) COO Sheryl Sandberg, whose close partnership with CEO Mark Zuckerberg fueled the growth of the world’s largest social network, is leaving the company after 14 years, she said in a post on Wednesday. Facebook. The announcement initially sent shares of the social media company down 4%, but …

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Dimon says he’s bracing for US economic ‘hurricane’ due to inflation

June 1 (Reuters) – Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co (JPM.N) described the challenges facing the US economy as a “hurricane” on the road and urged the Federal Reserve to take strong action to avoid tipping the world’s largest economy into a recession. Dimon’s comments come a day after President …

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