Hot-ticket Gamestop deals blow to hedge funds’ January returns, some escape
Prominent hedge funds including Dan Sundheim’s D1 Capital Partners and Steve Cohen’s Point72 Asset Management chalked up deep losses last month as hotly traded GameStop…
Category: Business
GameStop, other Reddit-favored stocks plunge as trading frenzy fizzles
GameStop Corp shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets…
Whole Foods must face lawsuit over its honey graham crackers
A federal judge in Manhattan said on Tuesday Whole Foods Market must face a proposed class-action lawsuit claiming it deceived shoppers about the contents of…
McDonald’s can sue ousted CEO over alleged lies about affairs
A Delaware judge on Tuesday rejected former McDonald’s Corp Chief Executive Steve Easterbrook’s bid to dismiss a lawsuit by the fast-food chain seeking to recoup…
Amazon scores Indian win as court freezes Future’s $3.4 billion retail deal
An Indian court blocked Future Group’s sale of a swathe of assets to rival Reliance Industries on Tuesday after Amazon raised objections to the $3.4…
EA hikes annual sales outlook as lockdown boost for videogames continues
Electronic Arts Inc on Tuesday raised its annual sales outlook, betting on strong sales of its sports titles including “FIFA 21” and “Madden NFL 21”…
Alphabet’s Google posts record sales as retailers shell out for ads
Google parent Alphabet Inc on Tuesday topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic, and said it…