Ackman gives up on Netflix, taking $400 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in the decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more

Inversion of key U.S. yield curve slice is a recession alarm

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, January 10, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to register NEW YORK, March 29 (Reuters) – A closely monitored section of the US Treasury yield curve inverted on Tuesday for the first time … Read more

Biden says he is not calling for regime change in Russia

WASHINGTON, March 27 (Reuters) – US President Joe Biden clarified on Sunday that the United States does not have a policy of regime change in Russia, after his declaration that Russian President Vladimir Putin “cannot remain in power.” Biden’s comments in Poland on Saturday also included calling Putin a “butcher” and appeared to be a … Read more