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Analysis-Guilty verdict against Andrew Left to shake up activist short-selling playbook

By Saqib Iqbal Ahmed and Michelle Price NEW YORK, June 3 (Reuters) - A U.S. jury's fraud conviction of prominent investor Andrew Left this week could rewrite the playbook for activist short sellers, raising fresh questions about the line between ...
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Analysis-US tech stocks’ market dominance reaches new heights and presents new risks

By Lewis Krauskopf NEW YORK, June 3 (Reuters) - The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group - and more vulnerable should those market leaders trip up. With stunning gains over ...
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UK orders Google to allow publishers to opt out of AI scraping for search summaries

LONDON (AP) - Google must allow news sites to opt out of having their online content scraped to feed AI overviews and other artificial intelligence services and features for British users, regulators said Wednesday. The Competition and Markets Authority ...
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George Santos reported to prosecutors over suspicious Kalshi trades, AP source says

NEW YORK (AP) - A prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Donald Trump's State of the Union address, then bet against his own attendance, according to a ...
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BlackRock’s Atlas freezes $1 billion in Brazil renewables investments

By Sudarshan Varadhan and Colleen Howe SHANGHAI, June 3 (Reuters) - Atlas Renewable Energy, one of South America's largest clean power generators, has put plans for $1 billion in new investments in Brazil on hold as the national grid operator ...
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KPMG Australia COO steps aside amid growing audit client leak scandal

By Christine Chen SYDNEY, June 3 (Reuters) - KPMG Australia's chief operating officer stepped aside from her executive role on Wednesday, the accounting firm said, in the latest fallout from a growing scandal over allegations it misused client information to ...
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Zara owner Inditex defies consumer gloom with strong early summer sales

By Helen Reid June 3 (Reuters) - Zara owner Inditex reported a strong start to summer trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating analyst expectations, even as Iran war inflation worries dent consumer confidence. The strong ...
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Morning Bid: Marvell, a fitting name for the latest AI darling

A look at the day ahead in European and global markets from Tom Westbrook Notwithstanding fresh hostilities in the Middle East, AI shares drove equity markets in Asia to new records on Wednesday. [MKTS/GLOB] AI kingmaker Jensen Huang - the CEO ...
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U.S. targets India with forced labour tariff amid talks on trade pact

By Manoj Kumar NEW DELHI, June 3 (Reuters) - The United States has proposed an additional tariff of 12.5% on imports from India, saying it is among 60 economies that failed to curb imports made with forced labour, a step ...
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Tokyo’s Nikkei 225 index tops 68,000 for the 1st time as Wall Street logs more records

Japan's Nikkei 225 index topped 68,000 for the first time on Wednesday after U.S. stocks pushed further into record territory. The dollar briefly surpassed 160 Japanese yen before slipping back slightly. Oil prices rose more than $1 a barrel. ...
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US proposes tariffs of 10% or 12.5% on goods from 60 economies over forced labor failures

By David Lawder and Anusha Shah June 2 (Reuters) - The Trump administration on Tuesday proposed imposing additional duties of 10% or 12.5% on imports from 60 economies after determining their failures to curb trade in goods made with forced ...
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US says it plans extra tariffs of 10% or more for most trading partners after forced labor probe

WASHINGTON (AP) - The Trump administration is proposing that tariffs of 10% or more be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor. The report released ...
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