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GameStop shares fall 33% on lack of transformation detail, possible share sale
KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last…
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Stocks making the biggest moves midday: Peloton, AstraZeneca, Boeing & more
Check out the companies making headlines in midday trading. Microsoft — Shares of the tech giant jumped about 1.5% as the…
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Amazon stands to win big on Deliveroo’s IPO
KEY POINTS Deliveroo’s IPO will value the company between £7.6 billion and £8.8 billion, which is higher than previous reports…
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U.S. jury tells Apple to pay $308.5 million for patent infringement
(Reuters) – A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC…
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Coinbase pays $6.5 million to settle U.S. false reporting charges
WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Friday digital asset exchange Coinbase Inc paid $6.5…
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Pandemic leaves digital laggard Italy scrambling to catch up
MILAN (Reuters) – Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of…
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Apple accused of breaching European privacy law by French start-up group
KEY POINTS France Digitale, which has around 2,000 members, filed a seven-page complaint, with the Commission Nationale de l’Informatique et…
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Microsoft closes $7.5 billion Bethesda acquisition, aiming to take on Sony with exclusive games
KEY POINTS Microsoft has closed its $7.5 billion acquisition of ZeniMax, the parent company of Bethesda. Microsoft confirmed that some…
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Dollar hits three-and-a-half month high on firmer U.S. yields
CNBC- The U.S. dollar hit a 3-1/2 month high on Monday as elevated U.S. Treasury yields spooked investors and boosted…
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European shares close 2% higher with U.S. stimulus, rising bond yields in focus; DAX hits record high
KEY POINTS The benchmark U.S. 10-year Treasury yield moved above 1.6% early on Monday. The U.S. Senate passed a $1.9 trillion…
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SpaceX wants to connect its Starlink satellite internet network to moving vehicles
KEY POINTS SpaceX wants to begin connecting moving vehicles – from cars and trucks to jets and ships – to…
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GameStop takes its first steps in anticipated e-commerce shift, sparking a fresh rally; shares surge 45%
KEY POINTS GameStop has tapped Chewy co-founder Ryan Cohen to lead the company’s shift to e-commerce. Cohen will serve as…
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