Stocks

(Reuters) -Disney World and other U.S. amusement parks updated their mask policy following the latest guidance from the Centers for Disease Control and Prevention (CDC) this week. Masks have been made optional in outdoor areas and pool decks at Walt Disney (NYSE:DIS) Inc’s Disney World in Orlando, Florida, effective May 15, but are still needed… More

By Jennifer Hiller and Stephanie Kelly (Reuters) -Widespread gasoline shortages along the U.S. East Coast began to ease slightly on Saturday as the nation’s biggest fuel pipeline said it was back to delivering “millions of gallons per hour” following last week’s cyberattack, and ships and trucks were deployed to fill up dry storage tanks. The… More

(Reuters) – Billionaire George Soros’ investment firm, Soros Fund Management bought shares of ViacomCBS (NASDAQ:VIAC) Inc, Discovery (NASDAQ:DISCA) Inc and Baidu Inc (NASDAQ:BIDU) as they were being sold off during the meltdown of Bill Hwang’s Archegos Capital Management, Bloomberg News reported on Saturday. The fund bought $194 million of ViacomCBS, Baidu stock valued at $77… More

LONDON (Reuters) – Spotify (NYSE:SPOT) CEO and founder Daniel Ek said on Saturday an offer to buy Premier League Arsenal had been rejected by owner Stan Kroenke’s family. Ek took to Twitter to issue a statement correcting “inaccurate reports” that he had not made a bid. “This week an offer was made to both Josh… More

By Jennifer Hiller (Reuters) – Influential proxy advisor Institutional Shareholder Services (ISS) has recommended shareholders back Chevron Corp (NYSE:CVX) Chief Executive Michael Wirth for reelection to the company’s board and oppose a proposal to split the CEO-chairman role at the No. 2 U.S. oil producer. ISS urged votes for Wirth but said Chevron could take… More

By Euan Rocha and Jonathan Stempel MUMBAI/NEW YORK (Reuters) – Cairn Energy (OTC:CRNCY) has sued India’s flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters. The move ratchets up pressure on India’s government to… More

By Stephanie Kelly and Laura Sanicola WASHINGTON (Reuters) -Washington was running out of gasoline on Friday, even as the country’s largest fuel pipeline network ramped up deliveries following a cyberattack and U.S. officials assured motorists that supplies would return to normal soon. The six-day Colonial Pipeline shutdown was the most disruptive cyberattack on record. Widespread… More

By Stanley White TOKYO (Reuters) – Stocks rose on Monday amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration in inflation, while oil prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets. MSCI’s broadest index of Asia-Pacific shares outside… More

By Bart H. Meijer AMSTERDAM (Reuters) -The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell (LON:RDSa) and ExxonMobil (NYSE:XOM) around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam… More

By Raphael Satter WASHINGTON (Reuters) – Ransom-seeking hackers have broken into Colonial Pipeline, prompting the company to shut one of America’s major arteries for fuel delivery. Here is a look at what we know, and what we don’t, about one of the most disruptive digital shakedown efforts to hit a U.S. company. WHO IS INVOLVED?… More

By Raphael Satter WASHINGTON (Reuters) – The ransomware group linked to the extortion attempt that has snared fuel deliveries across the U.S. East Coast may be new, but that doesn’t mean its hackers are amateurs. Who precisely is behind the disruptive intrusion into Colonial Pipeline hasn’t been made officially known and digital attribution can be… More

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co is recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle. The recall covers 2016 through 2019 model year vehicles. Dealers will install push-pins and replace any… More

After the Reddit-fueled rally last month, MicroVision (MVIS) has given back much of its gains. So is now the time to buy this lidar stock or is Velodyne (VLDR) a better investment?.Last month MicroVision (MVIS) became a much talked about company on the Reddit WallStreetBets Investing forum. MVIS is a company that develops Lidar technology.… More

Investors have been rotating away from tech stocks over the past couple of months to cyclical stocks to capitalize on an economic recovery. However, because the remote working culture continues globally—given its benefits—tech players Microsoft (MSFT) and Cadence (CDNS) are expected to grow significantly in the near term. So, we think it could be wise… More