Elon Musk says he is buying Manchester United

Aug 16 (Reuters) – Elon Musk, the world’s richest person, on Tuesday tweeted that he was buying football club Manchester United Plc (MANU.N), without offering any details. Musk has a history of being unconventional and making irreverent tweets, and it was not immediately clear whether he planned to pursue a deal to secure Manchester United. … Read more

China Stock Investors Fixated on Covid Curbs Shrug Off Stimulus

“The biggest near-term risk to Chinese growth is its dynamic Covid-zero policy, which is offsetting the positive effects of Beijing’s cautious policy easing,” said Jessica Tea, senior investment specialist for Greater China equities at BNP Paribas Asset Management. “China would need to see further fiscal stimulus in order to help stabilize its GDP growth, and … Read more

Amazon Accuses FTC of Harassing Bezos in ‘Burdensome’ Probe

In a filing made public on Monday, Amazon claimed that FTC staff have made “unduly burdensome” demands as the agency investigates whether the company’s subscription services, including Amazon Prime, violate consumer protection laws. The online retailer is seeking to quash or limit the FTC’s most recent civil investigative demands, which are similar to subpoenas.

More Than 75% of US Businesses Prefer to Hire Freelancers in Uncertain Economy

About 78% of business leaders said they are more likely to hire freelancers rather than full-time employees while economic conditions remain uncertain, according to a survey by freelance marketplace Fiverr International Ltd. With economic uncertainty growing, 85% of US companies plan to implement a hiring freeze during the current downturn, and 78% plan to lay … Read more

Russia says Britain requested permission for spy plane to fly over Russia

MOSCOW, Aug 16 (Reuters) – Russia’s Defense Ministry said on Tuesday that Britain has requested permission for its RC-135 spy plane to fly over Russia, a move it termed “a deliberate provocation”. A UK Ministry of Defense source denied that Britain had asked permission to fly a spy plane over Russia. The Russian Defense Ministry … Read more

Tesla Whipsaws After Stock Rallies 50% From Its May Bottom

While Tesla investors have been through a tumultuous 2022, with the company tackling several challenges, the shares have been recovering at a torrid pace. They posted a 32% gain in July for Tesla’s best month since October, as resilient second-quarter results, a climate change bill from the Biden administration and an overall cautiously optimistic mood … Read more

US housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the … Read more

UK first to approve Omicron COVID shot with Moderna nod

A nurse prepares a dose of the Moderna coronavirus disease (COVID-19) vaccine at the Glangwili General Hospital in Carmarthen, Wales, Britain April 7, 2021. Jacob King/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register UK’s JCVI backs using bivalent shot in autumn booster campaign Moderna sees Australia, Canada, EU approvals soon LONDON, … Read more