(Reuters) – Nvidia-backed cloud computing firm CoreWeave said on Thursday it had priced its initial public offering at $40 per share, compared with the earlier range of $47 to $55 per share. The IPO size was also reduced to about 37.5 million shares, compared with the 49 million shares that CoreWeave and some existing investors...
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed for its largest quarterly rise in more than a...
(Reuters) – Australian embattled casino operator Star Entertainment said on Friday that its casino licence for Star Sydney will remain suspended until at least September 30, as advised by the New South Wales Independent Casino Commission (NICC). Star also noted that the NICC-appointed manager, Nick Weeks, will continue to have oversight of casino operations at...
(Reuters) -Australia’s competition regulator said on Friday it had granted authorisation to Virgin Australia and Qatar Airways to operate flights between Doha and Sydney, Melbourne, Brisbane and Perth under an integrated alliance for five years. The Australian Competition and Consumer Commission (ACCC) had backed the alliance in February, after it gave its interim approval to...
ICHEON, South Korea (Reuters) -South Korea’s SK Hynix, the world’s second-largest memory chip maker, said on Thursday that some customers have brought forward orders in preparation for new U.S. tariffs. Speaking at the company’s annual shareholder meeting, SK Hynix’s Head of Global Sales and Marketing, Lee Sang-rak, said the “pull-in” effects, along with the reduction...
(Corrects to change media packaging code) (Reuters) – Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump’s auto tariffs on Tesla is “significant.” “Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant,” Musk said in a post on X. (Reporting by...
By Niket Nishant and Manya Saini (Reuters) -Robinhood is rolling out wealth management and private banking services for investors with modest portfolios, as the trading platform looks to have a bigger influence on its users’ financial habits. The company said on Wednesday it is launching ‘Robinhood Strategies’ — a wealth management service with a 0.25%...
By Sam Nussey and Miho Uranaka TOKYO (Reuters) – The incoming CEO of Japanese chip materials maker JSR plans to focus on restoring the company’s business performance, shifting away from previous ambitions to drive consolidation in the sector. JSR’s financial performance is not good, and the company is not ready to make acquisitions, Tetsuro Hori,...
(Reuters) – U.S. President Donald Trump said late on Wednesday that the United States will effectively charge a 25% tariff on all cars not made in the country and that the new duties on cars and light trucks imported into the United States will be permanent. Shares of General Motors and Ford fell in extended...
By Kevin Buckland TOKYO (Reuters) – Asian stocks followed Wall Street higher on Wednesday and the U.S. dollar meandered as markets awaited clarity on President Donald Trump’s trade policy ahead of a new round of tariffs next week. Traders received some hope on flexibility from the White House after Trump said on Monday that not...
