After a long drought, bear market funds attract buyers
NEW YORK (Reuters) – Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. Powered by...
Read MoreAuthor: Reuters
Uber, beset by scandal, faces battle over ‘destructive’ lawsuit
SAN FRANCISCO (Reuters) – Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis...
Read MoreExclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky...
Read MoreWall Street rebounds on Fed bets but set for weekly loss
(Reuters) – The three major U.S. stocks indexes were on track to snap a three-day losing streak on Friday, as investors bet that tepid inflation data would stunt U.S. rate hikes, even as the United States and North Korea...
Read MoreSnap shares hit record low as user growth miss unnerves investors
(Reuters) – Snap Inc’s shares fell more than 14 percent to hit a record low on Friday morning after messaging app Snapchat’s daily active user growth missed expectations for the second quarter in a row. Powered...
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