10 June

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Top U.S. antitrust lawmaker targets Big Tech with new bills -sources By Reuters

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By Diane Bartz WASHINGTON (Reuters) - Lawmakers in the House of Representatives are working on drafts of five antitrust bills, four of them aimed directly at reining in Big Tech, and may introduce them within days, according to three sources familiar with the matter. Reuters has read discussion drafts of five measures. Sources familiar with the process say they may be changed before they are introduced. They may be introduced this week but that may be delayed, two sources said. Among the five bills being considered, two address the problems of platforms, like Amazon.com (NASDAQ:AMZN), creating...

10 June

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Does money grow on volcanoes? El Salvador explores bitcoin mining By Reuters

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(Reuters) - El Salvador's President Nayib Bukele said on Wednesday that he has instructed state-owned geothermal electric firm LaGeo to develop a plan to offer bitcoin mining facilities using renewable energy from the country's volcanoes. El Salvador became the first country in the world to adopt bitcoin as legal tender after its Congress approved Bukele's proposal to embrace the cryptocurrency. "This is going to evolve fast!" Bukele said on Twitter. The Central American leader's announcement has put a spotlight on the environmental impact of cryptocurrencies, which are virtual coins exchanged without middlemen, such as central banks,...

10 June

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U.S., British leaders expected to work to reopen travel -UK statement By Reuters

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WASHINGTON (Reuters) - U.S. President Joe Biden and British Prime Minister Boris Johnson are expected to agree to work to open up travel between the two countries "as soon as possible," according to a statement by the British government on Wednesday. Biden, who arrived in England on Wednesday for his first overseas trip as president, will meet with Johnson in Cornwall on Thursday ahead of a meeting of the leaders of the Group of Seven advanced economies that begins Friday, the statement said. ...

10 June

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GameStop Appoints New CEO as Q2 Results Beat By Investing.com

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By Yasin Investing.com - GameStop said Wednesday that it has appointed former Amazon executives Matt Furlong and Mike Recupero as chief executive officer and chief financial officer, respectively, with the video game retailer looking to accelerate its digital transformation. The company also reported that it received a request from the U.S. Securities and Exchange Commission on May 26 to provide information related to a probe into trading activity. GameStop Corp (NYSE:GME) was down 10% in after-hours trade. The two new executives come as the company reported second-quarter results that topped Wall Street expectations. GameStop (NYSE:GME) reported a...

10 June

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Twitter appoints new board member to replace Elliott’s Cohn By Reuters

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By Svea Herbst-Bayliss and Sheila Dang (Reuters) - Twitter Inc (NYSE:TWTR) on Wednesday appointed development finance executive Mimi Alemayehou to its board of directors to replace Elliott Management partner Jesse Cohn, after the activist hedge fund helped create a blueprint for changes that led to a doubling of the social media firm's share price. Alemayehou will join the board immediately and Cohn will step down, the company said in a release. Elliott, one of Twitter's top 20 investors, will continue to engage with senior management and the board through an "information sharing and engagement...

10 June

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GameStop taps Amazon exec as CEO, says may sell shares By Reuters

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By Svea Herbst-Bayliss, Noel Randewich and Eva Mathews (Reuters) -GameStop on Wednesday named a former head of Amazon (NASDAQ:AMZN)'s Australian business as its chief executive and said it could sell new shares, the latest in a bid to transform the struggling videogame retailer whose stock has surged this year. In a quarterly report that was stronger than analysts forecast, GameStop (NYSE:GME) said it may sell up to 5 million new shares, which would be worth $1.4 billion based on its share price in after-hours trading. The stock fell 9%. Matt Furlong, a nine-year Amazon veteran,...

09 June

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Biden drops Trump attempt to ban TikTok, WeChat; orders new review By Reuters

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By David Shepardson and Karen Freifeld WASHINGTON (Reuters) - President Joe Biden on Wednesday withdrew a series of Trump-era executive orders that sought to ban new downloads of WeChat and TikTok, and ordered a Commerce Department review of security concerns posed by those apps and others. The administration of former President Donald Trump had attempted to block new users from downloading the apps and ban other technical transactions that Chinese-owned short video-sharing app TikTok and WeChat both said would effectively block the apps' use in the United States. The courts blocked those orders, which...

09 June

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Altice seeks to lure MasMovil, others for $7.3 billion Portugal sale – sources By Reuters

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By Pamela Barbaglia, Sergio Goncalves and Arno Schuetze LONDON (Reuters) -Altice Europe NV is sounding out prospective bidders including Spain's MasMovil for its business in Portugal as it seeks to exit the country after stripping off most of the unit's infrastructure operations, three sources told Reuters. The telecoms and cable company led by Franco-Israeli tycoon Patrick Drahi is working with Lazard to prepare the sale of Portugal's largest telecoms player as part of an auction process that could kick off as soon as July, the sources said. Major European telecoms firms such as Telefonica ...

09 June

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Canada shares lower at close of trade; S&P/TSX Composite down 0.22% By Investing.com

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Investing.com – Canada equities were lower at the close on Wednesday, as losses in the Telecoms, Financials and Consumer Staples sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.22%. The biggest gainers of the session on the S&P/TSX Composite were Transcontinental Inc (TSX:TCLa), which rose 7.76% or 1.74 points to trade at 24.15 at the close. Tilray Inc (TSX:TLRY) added 7.10% or 1.74 points to end at 26.24 and Interfor Corp (TSX:IFP) was up 6.32% or 1.75 points to 29.46 in late trade. Biggest losers included Denison Mines...

09 June

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U.S. Panels to Study Reopening Canada, Mexico, EU, U.K. Travel By Bloomberg

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(Bloomberg) -- The Biden administration is forming working groups with Canada, Mexico, the EU and the U.K. to examine how to reopen international travel as the coronavirus pandemic eases, a White House official said Wednesday. The announcement, which came shortly before President Joe Biden arrived in the U.K. for a Group of Seven summit, comes as international allies and airlines have pushed the White House to ease travel restrictions amid a decrease in U.S. coronavirus cases. The working groups will include members of the White House COVID Response Team, the National Security Council, the Centers...

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Top U.S. antitrust lawmaker targets Big Tech with new bills -sources By Reuters

Does money grow on volcanoes? El Salvador explores bitcoin mining By Reuters

U.S., British leaders expected to work to reopen travel -UK statement By Reuters

GameStop Appoints New CEO as Q2 Results Beat By Investing.com

Twitter appoints new board member to replace Elliott’s Cohn By Reuters

GameStop taps Amazon exec as CEO, says may sell shares By Reuters

Biden drops Trump attempt to ban TikTok, WeChat; orders new review By Reuters

Altice seeks to lure MasMovil, others for $7.3 billion Portugal sale – sources By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.22% By Investing.com

U.S. Panels to Study Reopening Canada, Mexico, EU, U.K. Travel By Bloomberg

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