Friday 17 December 2021

Reuters Business: Tesla faces investor lawsuit over Musk tweets on 10% stock sales

Tesla faces investor lawsuit over Musk tweets on 10% stock sales

Tesla Inc was hit by a lawsuit over CEO Elon Musk's social media posts including his Twitter poll on stock sales that pulled down its stock prices.

Dollar jumps as Omicron spreads amid rate-hike talk

The dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases.

Wall Street ends down after mostly negative week

Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.

Stocks slide as Omicron worries bolster safe havens

Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with rising numbers of Omicron casesand a hawkish turn from major central banks in the fight against inflation.

S&P 500 ends down after mostly negative week

Wall Street finished mostly lower on Friday, weighed down by Big Tech as investors digested the Federal Reserve's decision to end its pandemic-era stimulus faster.

Boeing suspends vaccine mandate for U.S. employees

Boeing Co suspended its coronavirus vaccination requirement for U.S.-based employees, the U.S. planemaker said on Friday, capping weeks of uncertainty as thousands of workers sought exemptions and challenges to a federal mandate played out in court.

AMC soars as CEO celebrates 'Spider-Man'; GameStop also rallies

Shares of AMC Entertainment and GameStop Corp roared higher on Friday, as investors pounced on the beaten-down meme stocks after a weeks-long decline in their prices.

Purdue Pharma ruling targets controversial U.S. bankruptcy tactic

A federal judge's decision to unravel a settlement shielding members of the Sackler family from future opioid litigation could upend a controversial corner of U.S. bankruptcy law: protecting third parties who have not filed for Chapter 11 themselves.

Cannabis firm Acreage gets $100 mln credit facility from AFC Gamma, Viridescent Realty (Dec. 16)

U.S. cannabis firm Acreage Holdings Inc said on Thursday it had secured a $100 million credit line from cannabis REIT AFC Gamma Inc and Viridescent Realty Trust, indicating growing investor optimism in a sector still underfinanced by traditional lenders.

Bond markets don't buy hawkish Fed's view on how high U.S. rates can go

The Federal Reserve's more hawkish turn this week came amid heightened worries about economic recovery and inflation, but it has barely changed the bond market's view that short-term interest rates could top out below the U.S. central bank's estimated peak.

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