Tech-led selloff drives record volume in NDX options
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by…
US spot ether ETFs see net inflows of $106 million on first day
By Suzanne McGee (Reuters) – The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world’s second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday…
Frozen food supplier Lamb Weston provides dour annual forecasts on weak demand
(Reuters) – Lamb Weston forecast its annual sales and profit below analysts’ expectations on Wednesday, as higher prices of its frozen food products begin to hurt volumes, sending its shares…
KKR-backed OneStream surges in market debut
By Pritam Biswas and Echo Wang (Reuters) -Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the…
Tesla shares could swing 10% either way after earnings, options show
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed. That…
Berkshire Hathaway cuts stake in China’s BYD to below 5%
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China’s largest…
Exclusive-ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
By Yantoultra Ngui and Florence Tan SINGAPORE (Reuters) – Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s…
Boeing expects 787 suppliers to catch up by year’s end, restoring output
By Allison Lampert (Reuters) – Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month,…
Exclusive-Chrysler-parent Stellantis paid $190.7 million in US fuel economy penalties
By David Shepardson (Reuters) -Chrysler parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020, and owes another $459.7 million…
Oracle reaches $115 million consumer privacy settlement
By Jonathan Stempel (Reuters) – Oracle agreed to pay $115 million to settle a lawsuit accusing the database software and cloud computing company of invading people’s privacy by collecting their…