Business

Asia multi-strategy hedge funds see big monthly drawdowns

Asia multi-strategy hedge funds see big monthly drawdowns

By Summer Zhen HONG KONG, Aug 5 (Reuters) - Some large Asian multi-strategy funds suffered their biggest drawdown this year…

August 6, 2026

Meta AI model hacks another company during testing

By Rajveer Pardesi and Mrinmay Dey Aug 5 (Reuters) - Meta said on Wednesday one of its AI models hacked…

August 6, 2026

EBay forecasts upbeat quarterly revenue as high-value categories drive momentum

By Juby Babu Aug 5 (Reuters) - EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its…

August 6, 2026

Meta AI model hacks another company during testing

Aug 5 (Reuters) - Meta said on Wednesday that one of its AI models hacked another company during cybersecurity testing,…

August 6, 2026

MercadoLibre profit beats forecasts, but third straight decline dents shares

By Andre Romani SAO PAULO, Aug 5 (Reuters) - MercadoLibre on Wednesday reported a third consecutive quarterly decline in profit,…

August 6, 2026

Stocks mixed with Nasdaq down; US oil eases on Iran talks

By Caroline Valetkevitch and Nell Mackenzie NEW YORK/LONDON, Aug 5 (Reuters) - Major stock indexes were mixed on Wednesday, with…

August 6, 2026

US refunds $100 billion in tariffs struck down by Supreme Court, filing shows

By Kanishka Singh WASHINGTON, Aug 5 (Reuters) - President Donald Trump's administration has refunded about $100 billion from tariffs that…

August 6, 2026

DoorDash projects strong growth as delivery demand holds firm

By Neil J Kanatt Aug 5 (Reuters) - DoorDash on Wednesday forecast third-quarter gross order value and core profit above…

August 6, 2026

JPMorgan Chase hires Lissauer for activism defense

By Svea Herbst-Bayliss NEW YORK, Aug 5 (Reuters) - JPMorgan Chase is hiring Bank of America executive Amy Lissauer, a…

August 6, 2026

US securities regulator launches new accounting enforcement team

NEW YORK, Aug 5 (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday it is establishing a specialized…

August 6, 2026