Business News

Remitly Global, Inc. (NASDAQ: RELY) recorded a dramatic spike in short interest during May, signaling increased bearish sentiment among market participants toward the stock. As of May 15th, short interest in RELY totaled 13,742,989 shares, representing a sharp rise from the April 30th figure of 5,534,001 shares. That increase amounts to a growth rate of…

Hazlett Burt & Watson Inc. significantly increased its position in Netflix, Inc. (NASDAQ: NFLX) during the fourth quarter, according to a recent regulatory filing. The investment firm grew its holdings in the internet television network by 936.2% during the fourth quarter, a substantial surge in exposure. The disclosure came through a Form 13F filing submitted…

Jefferies Financial Group Inc. significantly reduced its stake in Gulfport Energy Corporation during the fourth quarter, according to a disclosure filed with the Securities and Exchange Commission. The institutional investor trimmed its position in the NYSE-listed company, which trades under the ticker symbol GPOR, by 94.6% during the period. Following the reduction, Jefferies Financial Group…

Americans have paid nearly $450 more per household on energy costs since the start of the Iran war, according to a Moody’s Analytics analysis shared exclusively with CNBC. The average household has spent $447.19 in additional fuel-related expenses since the conflict began on Feb. 28, with cumulative costs reaching nearly $60 billion nationally. Higher energy…

Minneapolis Federal Reserve President Neel Kashkari said Thursday that reducing inflation remains his top priority for the U.S. central bank. Kashkari made the remarks while speaking to CNBC’s Kaori Enjoji at the Bank of Japan-IMES Conference, where he outlined the Fed’s current policy thinking. He said the Fed would continue taking a “balanced approach” to…

New research from the European Central Bank shows that a “double scar” of past inflation and geopolitical trauma is distorting how consumers view the broader economy. ECB researchers found that euro area households have grown more sensitive to the financial consequences of the Iran war due to cumulative economic wounds left over from previous crises….