Argentina monthly inflation seen back in single digits in April
By Hernan Nessi BUENOS AIRES (Reuters) - Argentina's monthly inflation rate likely dipped back into single digits for the first time in half a year in April, analysts polled by Reuters estimated, amid a gradual slowdown in price rises as the countr...
15h ago
Yellen to tout broadband investments in trip to rural Virginia
By Andrea Shalal WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will travel to Stafford County, Virginia on Monday to tour a broadband infrastructure project funded by the $1.9 trillion COVID-era American Rescue Plan and underscore the...
16h ago
Yellen says Chinese response possible on expected US tariff action
WASHINGTON (Reuters) - The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen said on Monday ahead of expected new tariffs targeting certain sectors this week. "Presiden...
16h ago
NY Fed survey finds general expectations of higher inflation
By Michael S. Derby (Reuters) - Americans last month braced for generally higher inflation pressures over the next few years and accelerating home price increases, according to a report released on Monday by the Federal Reserve Bank of New York. Th...
16h ago
Major airlines sue Biden administration over fee disclosure rule
By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines are suing the U.S. Transportation Department (USDOT) over a new rule requiring upfront disclosure of airline fees, the latest clash between air carriers and the Biden administration. Airline...
16h ago
UBS CEO says Switzerland should not "overshoot" with capital demands
By Elisa Martinuzzi ZURICH (Reuters) -UBS CEO Sergio Ermotti said on Monday that criticism that the bank had become too big for Switzerland and that it needed to set aside more capital were misplaced. Ermotti, who was brought back to UBS last year to l...
17h ago
Fed to cut rates in September, say nearly two-thirds of economists: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) - The U.S. Federal Reserve will cut its key interest rate twice this year, starting in September, according to a stronger majority of economists polled by Reuters who broadly raised their inflation forecasts fo...
17h ago
Tim Draper leads $3.5 million fundraise for six-employee startup behind bitcoin lending
By Niket Nishant (Reuters) - Zest Protocol, a bitcoin lending startup with just six employees, has secured $3.5 million in a funding round led by billionaire investor Tim Draper. Besides venture capital firm Draper Associates, nearly a dozen inves...
17h ago
GameStop jumps after 'Roaring Kitty' returns following three-year hiatus
(Reuters) - Shares of GameStop jumped 40% in premarket trading on Monday after social media persona "Roaring Kitty," whose online posts had sparked a trading frenzy in the videogame retailer in 2021, returned on X.com after three years. Keith Gill,...
18h ago
BHP says Anglo American rejected $42.7 billion revised proposal
LONDON (Reuters) -BHP Group said on Monday that Anglo American had rejected a revised buyout offer valuing the company at 34 billion pounds ($42.67 billion). Anglo American in April rebuffed BHP's $39 billion all-share takeover proposal, saying it was ...
18h ago
Futures edge higher at start of data-heavy week
(Reuters) - Futures for the main U.S. indexes were slightly higher on Monday, after several weeks of gains, as investors awaited key inflation figures this week to gauge the likelihood of interest rate cuts this year. On Friday, the S&P 500 and Nas...
19h ago
J&J to exit Kenvue, a year after spinoff
(Reuters) - Tylenol maker Kenvue said on Monday that Johnson & Johnson will offload its entire 9.5% stake in the company, about a year after the healthcare conglomerate spun off and listed its consumer health business. Shares of Kenvue fell nearly ...
20h ago
China to kick off 1 trillion yuan stimulus bond issues this week
SHANGHAI/BEIJING (Reuters) - China's finance ministry said on Monday it would start the long-awaited sales of long-term special treasury bonds that Beijing hopes will help stimulate key sectors of a flagging economy this week. The finance ministry ...
20h ago
South Korea's top diplomat warns of rising economic competition with China
By Hyonhee Shin (Reuters) - Economic relations between South Korea and China face risks and challenges due to increasingly fierce competition over technology, South Korea's Foreign Minister Cho Tae-yul said on Monday ahead of talks with his Chinese...
20h ago
Intel nears deal with Apollo for $11 billion Ireland partnership, WSJ reports
(Reuters) - Intel is in advanced talks for a transaction in which Apollo Global Management would supply more than $11 billion to help build a chip plant in Ireland, the Wall Street Journal reported on Monday. (Reporting by Zaheer Kachwala in Benga...
20h ago
ESR halts trading on potential take-private plan, sources say
By Kane Wu and Julie Zhu HONG KONG (Reuters) - Hong Kong-listed real estate fund manager ESR Group, which halted trading in its shares on Monday, is subject to a potential take-private bid from a group of investors including Starwood Capital Group,...
20h ago
Morning bid: Earnings hurdle cleared - CPI fence up next
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street and world stock markets have cleared the first-quarter corporate earnings season comfortably enough to be back stalking record highs, but macro markets don't want to budge m...
21h ago
Bill Hwang trial over $36 billion Archegos collapse begins with opening statements
(Reuters) - The trial of Sung Kook "Bill" Hwang kicks off with opening statements in Manhattan federal court on Monday on charges stemming from the 2021 collapse of his $36 billion fund Archegos Capital Management. The case has been closely watched...
21h ago
Strong Walmart earnings may already be priced in with shares near record
By Siddharth Cavale and Noel Randewich NEW YORK (Reuters) - Walmart's earnings amid signs of weaker discretionary spending could add fuel to a rally that has propelled its shares to record highs, or potentially spook investors looking to justify th...
21h ago
Massachusetts takes Uber, Lyft to trial over status of gig workers
By Nate Raymond BOSTON (Reuters) - Uber Technologies and Lyft are set to face trial on Monday in a U.S. lawsuit by Massachusetts' attorney general alleging the ride-share companies misclassified their drivers as independent contractors rather than ...
21h ago
US opens probe into Amazon-owned Zoox robotaxis
(Reuters) -The U.S. National Highway Traffic Safety Administration (NHTSA) has opened a preliminary evaluation into Amazon.com's self-driving Zoox vehicles due to unexpected braking leading to rear-end collisions. The auto safety regulator's Office of ...
22h ago
The case for forever high interest rates
By Yoruk Bahceli (Reuters) - If financial markets are right, interest rates won't just stay high this year, but possibly forever. The return of inflation means ultra-low rates are history. And markets now reflect a scenario where even the neutral i...
22h ago
Explainer-How hard will new Biden tariffs hit China?
By Ellen Zhang and Sarah Wu BEIJING (Reuters) - U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles, medical supplies and solar equipment, according to people familiar with...
22h ago
Europe's STOXX 600 opens higher as travel and leisure sector shines
(Reuters) - Europe's STOXX 600 index edged higher on Monday as travel and leisure stocks led sectoral gains, with this week's key U.S. inflation prints and a slew of economic data from the euro zone set to test the benchmark index's record-breaking...
May 13, 2024
Eni eyes new oil and gas spin-offs in energy transition satellite strategy
By Francesca Landini and Ron Bousso MILAN (Reuters) - Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on lo...
May 13, 2024