Explainer: How a massive options trade by a JP Morgan fund can move markets

NEW YORK, June 28 (Reuters) – A nearly $ 17 billion JP Morgan fund is expected to reset its options positions on Thursday, potentially adding to equity volatility at the end of a dismal first half for stocks. Analysts say the JPMorgan Hedged Equity Fund’s reset roiled markets in the closing hours of the last … Read more

Buffett’s Berkshire buys more Occidental shares, raises stake to about 16.4%

June 28 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp (OXY.N), giving the conglomerate a nearly 16.4% stake in the Houston, Texas-based oil company. The purchases were made in multiple transactions and cost about $ 44 million, Berkshire said in a regulatory … Read more

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS / Dado Ruvic / File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Investors in ether and its troubled twin stETH are nervously anticipating a … Read more

US tech companies yank job offers, leaving college grads scrambling

June 22 (Reuters) – One by one, over the last week of May, Twitter Inc (TWTR.N) rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients. “It was traumatic,” Iris Guo, an incoming associate … Read more

Cryptoverse: The funds making moolah from messy markets

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier / File Photo Register now for FREE unlimited access to Reuters.com Register June 14 (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. … Read more

EXCLUSIVE Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

Ant aims to file preliminary prospectus as soon as July-sources Ant needs CSRC’s guidance on timing of prospectus filing-source Ant says there is no plan to relaunch its IPO statement Warburg Pincus valued Ant at $ 180 bln at end-March-source HONG KONG, June 9 (Reuters) – China’s central leadership has given billionaire Jack Ma’s Ant … Read more

Exclusive: Musk’s Twitter deal threats put new financing on ice -sources

June 7 (Reuters) – Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $ 44 billion acquisition of Twitter Inc (TWTR.N) have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to walk away from the deal … Read more

Cryptoverse: The early birds betting bitcoin’s bottoming out

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier / File Photo Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw are … Read more

How a cheap component could help kill off combustion cars

LONDON / BERLIN, May 30 (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant … Read more

Chipmaker Broadcom to buy cloud services firm VMware in $ 61 bln deal

May 26 (Reuters) – Broadcom Inc (AVGO.O) said on Thursday it will acquire cloud computing company VMware Inc (VMW.N) in a $ 61 billion cash-and-stock deal, the chipmaker’s biggest and boldest bid to diversify its business into enterprise software. The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp’s … Read more