Reuters

(Reuters) -GameStop expects first-quarter net sales to drop from a year ago, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.

Shares of the company fell 10% in premarket trading on Friday, as it also filed for a mixed-shelf offering of an unspecified size.

The stock has been part of a retail investor trading frenzy following a series of posts from Keith Gill's... (continue reading...)

JOHANNESBURG (Reuters) - Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Dijk who stepped down last September.

Here's what we know about Bloisi:

WHO IS HE?

Bloisi, 47, is a Brazilian entrepreneur who holds a degree in Computer Science from the State University of Campinas (UNICAMP)... (continue reading...)

(Reuters) - Ukraine attacked a power substation in Russian-occupied Crimea, an oil depot and railway station in Russia's Black Sea port of Novorossiysk and an oil refinery in the port town of Tuapse overnight, a Kyiv intelligence source told Reuters.

Kyiv has stepped up strikes on energy facilities deep inside Russian territory, which they say are legitimate military targets supporting Moscow's 27-month-old war in Ukraine.

Attacks have... (continue reading...)

(Reuters) - Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures, which increased expectations that the Federal Reserve may begin cutting rates this year.

Investors purchased a net $10.27 billion worth of global equity funds during the week after about $12.54 billion worth of net purchases a week ago, data from LSEG... (continue reading...)

(Reuters) - Britain's competition watchdog said on Friday the partnership between Microsoft and Mistral AI did not qualify for an investigation.

The announcement comes after the Competition and Markets Authority (CMA) said in April it was seeking comments on the AI partnerships between the firms, as well as between Amazon and Anthropic.

At the time, the regulator said it had not formed any conclusions on whether the deals fell within UK... (continue reading...)