TECH08

Elon Musk says he was joking about buying Manchester United

Elon Musk says he was joking about buying Manchester United

Aug 17 (Reuters) – Elon Musk, the world’s richest person, said early on Wednesday he was joking when he tweeted hours earlier that he would buy currently struggling English soccer club Manchester United Plc ( MANU.N). “No, that’s a longtime joke on Twitter. I don’t buy any sports teams,” Musk said when asked by a …

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Exclusive: Tencent plans to sell $24 billion stake in Meituan

Exclusive: Tencent plans to sell $24 billion stake in Meituan

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent …

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Five Chinese state-owned companies to delist from NYSE amid US tensions

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange , amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) …

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Nasdaq closes lower as chipmaker Micron's warning renews tech rout

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron stumbles on lower revenue forecasts Semiconductor stocks drop for third session Novavax plummets after halving revenue NEW YORK, Aug 9 (Reuters) – The Nasdaq closed on Tuesday after a dismal forecast from Micron Technology dragged chipmakers and tech stocks lower as investors await inflation data in the United States that could lead the Federal …

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Cryptoverse: Blockchain bridges fall into troubled waters

Cryptoverse: Blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last …

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Berkshire Hathaway Posts Massive $43.8 Billion Loss;  operating results are improving

Berkshire Hathaway Posts Massive $43.8 Billion Loss; operating results are improving

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices hurt …

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Wall Street ends mixed as investors watch jobs data

Wall Street ends mixed as investors watch jobs data

Indices: Dow slips 0.26%, S&P 0.08%, Nasdaq up 0.41% Energy stocks fall as oil slumps to pre-war level in Ukraine Eyes on Friday’s nonfarm payrolls report Aug 4 (Reuters) – Wall Street’s major indices ended a lackluster session on Thursday as gains in high-growth stocks offset losses in energy stocks as investors awaited the monthly …

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EXCLUSIVE Tencent seeks to increase stake in 'Assassin's Creed' maker Ubisoft - sources

EXCLUSIVE Tencent seeks to increase stake in ‘Assassin’s Creed’ maker Ubisoft – sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots into the global market gambling, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired a …

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