AT&T Says Data From 109 Million U.S. Customer Accounts Illegally Downloaded

Reuters | July 12, 2024

By David Shepardson WASHINGTON (Reuters) -AT&T said on Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records of calls and texts from 2022 was illegally downloaded in April. The U.S. telecom company said the FBI is investigating and at least one person has been arrested after […]

Nvidia leads Nasdaq and S&P 500 to record highs

Reuters | July 10, 2024

By Noel Randewich and Ankika Biswas NEW YORK (Reuters) -The Nasdaq and S&P 500 hit record highs on Wednesday fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and quarterly earnings reports due this week. It was the fifth straight day of intraday record highs for the S&P 500 and […]

S&P 500’s Tech Dominance Sparks Calls for Portfolio Diversification

Reuters | July 9, 2024

By Ankika Biswas (Reuters) – The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia. The S&P 500 is at record levels mostly due to a handful of megacap stocks such as Microsoft and […]

Chewy executives alarmed at ‘Roaring Kitty’ stake in pet-product retailer

Reuters | July 1, 2024

By Manas Mishra, Greg Roumeliotis and Suzanne McGee (Reuters) -Stock influencer Keith Gill, known as “Roaring Kitty,” unveiled a 6.6% stake in Chewy on Monday, a surprise move that alarmed executives at the U.S. pet products company. The Chewy stake is Gill’s first known investment beyond GameStop. A link connects these two investments: Ryan Cohen, […]

Warren Buffett donates record $5.3 billion Berkshire shares to charity

Reuters | June 28, 2024

By Jonathan Stempel (Reuters) -Warren Buffett donated another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006. Buffett’s donation boosted his overall giving to the charities to about $57 billion, including to the family charities in […]

Factbox-US energy sector deals accelerate in quest for reserves

Reuters | June 27, 2024

(Reuters) – The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their oil and gas reserves. The total value of deals in January and February hit the highest level since […]

General Mills sees tepid annual profit, posts Q4 sales decline as demand falters

Reuters | June 26, 2024

By Anuja Bharat Mistry (Reuters) -Cheerios cereal maker General Mills forecast annual profit below estimates on Wednesday and posted a bigger-than-expected drop in quarterly sales hurt by lower demand for its snack bars and pet food, as well as higher input costs. The company also expects annual dollar value growth in its businesses to be […]

U.S. Equity Funds Outflow: What Does This Mean?

Reuters | June 21, 2024

(Reuters) – U.S. investors shed equity funds for a second successive week in the seven days to June 19, exercising caution as they evaluated the Federal Reserve’s hawkish signals and ongoing political risks in Europe. They offloaded U.S. equity funds of a net $8.37 billion following $21.54 billion worth of weekly net selling in the […]

Foreigners buy $10 Billion of Index-bound Indian Bonds

Reuters | June 19, 2024

By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors have bought more than $10 billion of Indian government bonds that will be included in a widely-followed JPMorgan debt index on June 28, taking their ownership of such papers to a record high. In the nine months since JPMorgan said India’s sovereign debt will be included in […]

Barclays asked by watchdog to review private equity exposure, source says

Reuters | June 14, 2024

LONDON (Reuters) – Britain’s Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders’ exposure to the private equity industry. The Bank of England in April said very few banks had a clear idea of […]

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