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Robinhood must face US market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation claims over …

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McDonald’s to start reopening restaurants in Ukraine

Aug 11 (Reuters) – McDonald’s Corp (MCD.N) said on Thursday it plans on reopening its restaurants in Ukraine over the next few months in an early sign of western businesses returning to the country, even as the conflict with Russia continues. The world’s biggest burger chain closed all its restaurants in Ukraine and Russia in …

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Disney tops Netflix on streaming subscribers, sets higher prices

A smartphone screen showing the “Disney+” logo is seen in front of the words “streaming service” in this illustration taken March 24, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com register LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million …

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Beyond Meat cuts sales forecast as consumers shun pricier faux meat

Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, US, June 5, 2019. REUTERS//File Photo Register now for FREE unlimited access to Reuters.com register Aug 4 (Reuters) – Beyond Meat Inc (BYND.O) on Thursday lowered its revenue forecast for the year and announced job cuts …

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Stephen King goes to bat for US gov’t in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The US Justice Department will ask a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. Also on Monday, in …

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Google blocks Krafton’s battle-royale game in India, cites govt ban

A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse/File Photo Register now for FREE unlimited access to Reuters.com register NEW DELHI, July 29 (Reuters) – Alphabet Inc’s (GOOGL.O) Google blocked access on Thursday to a popular battle-royale format game from South Korean developer Krafton (259960.KS), citing an …

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Giant video screen falls on boyband Mirror dancers at Hong Kong concert

HONG KONG, July 29 (Reuters) – A huge video panel fell on the stage during a concert by popular Hong Kong boyband Mirror on Thursday, crushing one performer and trapping others, prompting a government investigation and the suspension of future shows. At least two dancers were injured, with one in a serious condition and the …

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From burgers to bleach, stressed consumers buy cheap

NEW YORK/LONDON July 26 (Reuters) – Some global consumers are showing signs of cracking, as shoppers stressed by record inflation stick to buying basics like food, bleach and cheap burgers, while those with bigger bank accounts are snapping up $3,000 Louis Vuitton handbags . Investors are closely watching corporate results for signs economies are headed …

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Wall Street falls as Walmart warning rattles retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register Walmart cuts profit forecast, drags retailers McDonald’s up as sales, profit top estimates GE jumps on higher profit, Coca-Cola up on forecast raise Indexes …

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How Netflix plans to find its inner ‘Star Wars’

LOS ANGELES, July 18 (Reuters) – Netflix (NFLX.O) broke Hollywood’s rules to create a $82 billion global streaming colossus that the rest of the entertainment industry rushed to copy. But as growth slows, it is looking backwards for a way forward, borrowing a page from Walt Disney’s (DIS.N) playbook. The company that changed the way …

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