Reuters

NEW YORK (Reuters) - Hedge fund Renaissance Technologies added a new long position in GameStop and significantly increased its position in AMC Entertainment during the first quarter, putting it in position to benefit from the meme stock mania sweeping through the U.S. equity market this week.

Renaissance added 1,004,958 shares of videogame retailer GameStop during the quarter, which had a value of approximately $12.6 million at the end of March,... (continue reading...)

BRUSSELS (Reuters) - EU ambassadors agreed in principle on Wednesday to place four Russian media outlets on its sanctions list, accusing them of propaganda, EU Commissioner for Values and Transparency Vera Jourova said on social media platform X.

"Four Kremlin-linked propaganda networks (have been) added to the sanctions list: Voice of Europe, RIA Novosti, Izvestija and Rossiyskaya Gazeta", Jourova said, adding that it had also banned Russian funding... (continue reading...)

By Jessica DiNapoli

NEW YORK (Reuters) - At least one Mondelez investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks of continuing to do business in Russia, which faces a vote at the company's annual meeting this month.

McDonald's and Starbucks are among the brands that departed Russia after its 2022 Ukraine invasion, while others such as Nestle remained... (continue reading...)

LONDON (Reuters) - A British shipment of nearly 100 tonnes of aid has left Cyprus bound for a new temporary pier in Gaza, the British Foreign Office said in a statement on Wednesday.

WHY IT'S IMPORTANT

International organisations have said that Gaza faces a severe humanitarian crisis threatening a population of more than 2 million people.

KEY QUOTES

PRIME MINISTER RISHI SUNAK

"We are leading... (continue reading...)

(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday reiterated his view that he is unsure how restrictive monetary policy is right now, and that borrowing costs should stay where they are as U.S. central bankers take stock of inflation.    "The biggest uncertainty in my mind is how much downward pressure is monetary policy putting on the economy? That's an unknown," Kashkari told the Williston Basin Petroleum Conference in Bismarck,... (continue reading...)