As meme stock momentum fades, AMC, GameStop fall
Shares in so-called meme stocks with a following among retail investors lost ground on Wednesday, with AMC Entertainment (AMC.N) shares down 8.1%, on track for their fourth straight day of declines, and GameStop Corp (GME.N) falling 4.9%.
S&P 500, Nasdaq post record closing highs after Fed minutes
U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.
Big Bang UK market rules need refresh to keep City competitive, says think tank
Britain’s “big bang”-era financial rules need a refresh to show the world that the City of London is open to business after Brexit ended access to the European Union, a think-tank report said on Thursday.
London fintech funding soars in first half of the year
Fintech companies based in London raised more funding from venture capital investors in the first six months of 2021 than in any other year, demonstrating the British capital’s resilience as a hub for digital financial services post-Brexit.
U.S. industry groups, lawmakers press White House to lift travel restrictions
A coalition of 24 industry organizations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official told Reuters late on Wednesday reopening will need more discussion.
EU to propose new body to tackle dirty money, documents say
The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc responds to calls for tougher action to fight dirty money.
Yellen’s next test: Persuading G20 that U.S. Congress will not block tax deal
U.S. Treasury Secretary Janet Yellen was able to help corral 130 countries to agree to a major revamp of international corporate taxation, but showing them she can bring a deeply divided U.S. Congress on board may prove equally challenging.
Chobani confidentially files for U.S. IPO, valuation may exceed $10 bln
Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO), a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing.
Ever Given container ship leaves Suez Canal 106 days after getting stuck
The Ever Given, one of the world’s largest container ships, resumed its journey and left the Suez Canal on Wednesday, 106 days after becoming wedged across a southern section of the waterway for nearly a week and disrupting global trade.
Factbox: Bezos, Branson and Musk: Who is winning the space tourism race?
Three billionaire entrepreneurs – Jeff Bezos, Elon Musk, and Richard Branson – are each vying to usher in a new era of private commercial space travel.
