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Shares of Netflix Inc. NFLX, +0.93% slipped 1.05% to $399.29 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, -0.25% rising 0.24% to 4,283.85 and the Dow Jones Industrial Average DJIA, +0.29% rising 0.03% to 33,573.28. Netflix Inc.…
Self-driving technology developer Mobileye Global Inc. MBLY, +4.53% on Monday said it was launching a secondary offering of 35 million of its shares, which are being sold by Intel Overseas Funding Corp., an Intel Corp. INTC, +0.46% subsidiary. Mobileye said it would not receive any proceeds from the sale. Intel…
We’re headed into the busy summer wedding season, which means many folks will likely be traveling to attend those ceremonies — and in some cases, jetting across the globe. After all, destination weddings are becoming an ever-more popular way to celebrate that special day. One report says the worldwide market…
The stock-market panic over the regional banks has subsided for now, but experts say that regulators should remain focused on shoring up the stability of the sector amid economic headwinds that could persist for years to come. Shares of regional banks like PacWest Bancorp Corp. PACW, +14.69% have rebounded in…
© Reuters. FILE PHOTO: Inside view of a buybuy Baby store in Libertyview Industrial Plaza, Brooklyn, New York, U.S., September 14, 2022. REUTERS/Siddharth Cavale (Reuters) -Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, the Wall Street Journal reported…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi’s energy ministry said the country’s…
By Mike Dolan LONDON (Reuters) – Even if the U.S. dollar’s singular dominance as global currency of choice is in fact ebbing, it may not automatically lead to a weaker dollar exchange rate – and could periodically mean the opposite. A Federal Reserve less worried about the overspill of its…
BRASILIA (Reuters) – Changes to the Brazilian inflation targeting system should not be linked to how monetary policy is carried out, the central bank’s director of economic policy said on Monday, amid speculation of an imminent change in inflation goal timelines. Brazil has annual inflation targets, and if they are…
There was no shortage of interesting ideas discussed at last week’s Consensus conference, CoinDesk’s flagship crypto gathering. But the most disappointing speech – though it wasn’t at all surprising – was the one delivered by former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo. For several years now, after starting…
Digital cash, just like digital car keys, has to work offline. That is, I need to be able to get into my car and drive off where there is no mobile signal and I need to be able to buy milk if the internet is down or if the power…