30 January

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India’s Future likens Amazon’s bid to stall retail deal to ‘ruthless’ Alexander the Great By Reuters

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By Aditya Kalra NEW DELHI (Reuters) - Amazon.com Inc (NASDAQ:AMZN)'s bid to stall Future Group's $3.4 billion retail assets sale is similar to Alexander the Great's "ruthless ambition to scorch the earth", the Indian group's CEO Kishore Biyani said in an internal staff memo seen by Reuters. Amazon, locked in protracted legal disputes with Future, alleges the Indian firm violated contracts by...

30 January

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Hong Kong official says Joint Declaration gave Britain no rights to city post handover By Reuters

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By Kane Wu HONG KONG (Reuters) - Hong Kong Secretary of Justice Teresa Cheng reiterated on Saturday that Britain had no rights over the city under the joint declaration that laid the blueprint for how the city would be ruled after its 1997 reunification with China. Cheng made the comments in a blog post on the eve of changes to the UK's...

30 January

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GameStop Up 400% for Week as Traders ‘Hold the Line’ Despite Robinhood Cap By Investing.com

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By Yasin Ebrahim Investing.com – GameStop rallied four-fold in just five trading days as the Redditors put the squeeze on the short sellers on Friday despite trading platforms including Robinhood imposing limits on trading for the second day in a row. GameStop (NYSE:GME) rallied 68% on Friday, racking up a 400% gain for the week. Baring a surge to $413.98 and dip to $250 intraday,...

30 January

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UK regulator, eyeing wild stock market moves, says it is ready to act By Reuters

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LONDON (Reuters) - Britain's financial markets regulator, responding to extreme share price movements in U.S. equity markets in recent days, said it would take "appropriate action" if there was evidence of actions that hurt consumers or markets. "Buying shares in volatile markets is risky and you may quickly lose money. These losses are unlikely to be covered by the Financial Services Compensation...

30 January

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UK says French travel ban won’t affect its hauliers By Reuters

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LONDON (Reuters) - France's decision to close its borders to countries outside the European Union to contain the spread of COVID-19 does not apply to hauliers travelling between the United Kingdom and France, British transport minister Grant Shapps said. "French PM Jean Castex has announced that France is to close its borders to all countries outside the EU from Sunday. However,...

29 January

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Hedge Fund Pressure Lingers With Short Sellers’ Targets Rallying By Bloomberg

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(Bloomberg) -- Trades associated with hedge funds were under pressure again in Friday’s stock selloff, though with less intensity than earlier in the week. The most visible evidence was a rally in companies with the highest short interest, a basket of which climbed 2%, according to data compiled by Goldman Sachs Group (NYSE:GS). Names that had burned bearish hedge...

29 January

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United Airlines warns 14,000 jobs at risk when payroll aid expires By Reuters

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By Tracy Rucinski and David Shepardson CHICAGO (Reuters) - United Airlines said on Friday it has sent warnings of potential furloughs to some 14,000 employees whose jobs are at risk once a second round of payroll support for airlines expires on April 1, as demand for air travel has been hard hit by the coronavirus pandemic. Chicago-based United had recalled 13,000 employees...

29 January

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UK says considering response to EU’s Northern Ireland vaccine move By Reuters

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LONDON (Reuters) - Britain said on Friday it will consider its response to the European Union's decision to override the Brexit deal's Northern Ireland Protocol, a move that will potentially restrict exports of COVID-19 vaccines into Northern Ireland. A spokesman for the British government said it would be "be carefully considering next steps", adding that senior minister Michael Gove had expressed...

29 January

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Novavax Jumps While J&J Falls on Vaccine News By Investing.com

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By Liz Moyer Investing.com -- GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC) aren't the only hot stocks on Friday. Novavax Inc (NASDAQ:NVAX) jumped 65% after its Covid-19 vaccine candidate showed 89.3% effectiveness in a U.K. trial. That compares to the 72% efficacy shown in a U.S. trial of Johnson & Johnson (NYSE:JNJ)'s vaccine...

29 January

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Dow Slumps as GameStop Squeeze, Volatility Sideline Bulls By Investing.com

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By Yasin Ebrahim The Dow slumped Friday, paced by energy and technology stocks as the ongoing short-squeeze triggered a sharp jump in volatility and prompted investors to pause their bullish bets on the final trading day of the month. The Dow Jones Industrial Average fell 2.03%, or 621 points, but was down more than 700 points intraday. The S&P 500 was down 2.05%,...

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India’s Future likens Amazon’s bid to stall retail deal to ‘ruthless’ Alexander the Great By Reuters

Hong Kong official says Joint Declaration gave Britain no rights to city post handover By Reuters

GameStop Up 400% for Week as Traders ‘Hold the Line’ Despite Robinhood Cap By Investing.com

UK regulator, eyeing wild stock market moves, says it is ready to act By Reuters

UK says French travel ban won’t affect its hauliers By Reuters

Hedge Fund Pressure Lingers With Short Sellers’ Targets Rallying By Bloomberg

United Airlines warns 14,000 jobs at risk when payroll aid expires By Reuters

UK says considering response to EU’s Northern Ireland vaccine move By Reuters

Novavax Jumps While J&J Falls on Vaccine News By Investing.com

Dow Slumps as GameStop Squeeze, Volatility Sideline Bulls By Investing.com

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