Author: IA PressRoom

© Reuters. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic (Reuters) – ByteDance Ltd’s TikTok hopes to more than quadruple the size of its worldwide e-commerce operation to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar with the matter.

© Reuters. Investing.com– Oil prices kept to a tight range in early Asian trade on Thursday as markets took stock of mixed demand signals from major world economies, while initial support from a Saudi production cut now appeared to be waning. Oil pauses after volatile week  were flat at $76.86 a barrel, while steadied at $72.49 a barrel by 20:51 ET (00:51 GMT). Both contracts appeared to be stabilizing after wild swings this week. Fresh production cuts by Saudi Arabia saw Brent and WTI futures briefly push to one-month highs on Monday. But they swiftly reversed most gains, sinking for…

Source: Rawf8/AdobeThe trial of the Terraform Labs Co-founder Daniel Shin is set to begin in South Korea – with prosecutors determined to prove that Terra Classic (LUNC) is a security.Shin (Korean name Shin Hyun-seong) will face trial on fraud charges on June 10.And the media outlets Chosun Ilbo and EToday reported that legal experts are expecting a “fierce” battle in court.South Korean law currently does not classify any cryptoasset as a “security.”But the prosecution’s case rests on proving that Shin knew LUNC (formerly LUNA) was a “security” when he sold tokens to investors.Shin has repeatedly said that he stepped away…

Republican presidential candidate and former New Jersey Gov. Chris Christie laid into former President Donald Trump Wednesday, calling him “juvenile” and a “baby” after the latter targeted him with fat jokes.”Look, he’s a juvenile. He’s a baby. Only children talk like that. He never said that about me when he offered me White House Chief of Staff,” Christie told Fox News’ Bret Baier during an appearance on “Special Report.””He never said that about me when he offered me Secretary of Homeland Security, twice. Never said that about me when he offered me Secretary of Labor. I wasn’t any of those…

Netlist (OTCQB:NLST) dipped 2.4% in regular trading on Wednesday as a Micron (NASDAQ:MU) ‘912 IPR patent trial was instituted. cagkansayin The Patent Trial and Appeal Board said that there’s a reasonable likelihood that Micron will be able to establish that claim 16 of the ‘912 patent is unpatenable, according to the PTAB decision. “The real news today is that claim 16 of the 912 patent, which is the only claim against Google, has now been instituted,” Michael D. Cohen, director of research at MDC Financial Research LLC, told Seeking Alpha in an interview. “This will stand even if Samsung is…

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© Reuters. FILE PHOTO: A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022. REUTERS/Brendan McDermid By Samrhitha A and Svea Herbst-Bayliss (Reuters) -Ryan Cohen, the billionaire investor whose bet on GameStop Corp (NYSE:) made him popular with meme stock traders, took over as executive chairman on Wednesday after the video game retailer ousted its CEO and reported a wider-than expected quarterly loss. Investors pushed the stock price down more than 20% in after-hours trading, continuing a roller-coaster ride that started in…

© Reuters. Investing.com– Gold prices hovered just above two-month lows on Thursday, sticking to a holding pattern seen in recent weeks as markets awaited an upcoming Federal Reserve meeting. Copper prices edged lower as weak economic signals from China continued to trickle in, raising concerns over sustained demand in the largest importer of the red metal. Gold in holding pattern as Fed meeting looms  The yellow metal has kept to a tight trading range for nearly three weeks, coming under pressure from a resurgence in the and as markets speculated over the Fed’s stance on more interest rate hikes. fluctuated…

CNN  —  Former Vice President Mike Pence is set to field questions from Iowa voters in a CNN town hall Wednesday night after officially announcing off his bid for the 2024 Republican presidential nomination earlier in the day. The town hall will offer an early window into how Pence, who served under former President Donald Trump, plans to run against his prior boss, who’s the front-runner for the GOP nomination. The two men have been at odds over Trump’s effort to overturn the 2020 presidential election and incite an insurrection at the US Capitol on January 6, 2021. Wednesday will…

Dave & Buster’s Entertainment Inc. shares rallied for their best day since 2020 Wednesday, as earnings got a boost from declining pay and lower food costs. Dave & Buster’s PLAY, +18.29% shares rallied as much as 26.8% to an intraday high of $42.77, and finished up 18.3% at $39.91 for their best one-day performance since Nov. 9, 2020, when shares soared 33.3%, according to FactSet data. Wednesday’s move puts Dave & Buster’s shares up 12.6% year to date, compared with an 11.2% gain by the S&P 500 SPX, -0.38%. Late Tuesday, Dave & Buster’s reported an earnings beat along with…