Today: September 28, 2024
Today: September 28, 2024

Latest From Reuters

Economy

Norway sovereign wealth fund to co-lead class action in SVB bankruptcy

Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to

Norway sovereign wealth fund to co-lead class action in SVB bankruptcy
Economy

Fed's Goolsbee says inflation is on track to central bank's 2% goal

Chicago Federal Reserve President Austan Goolsbee said on Friday he believes inflation is "on track" to reaching the U.S. central bank's 2% target, driven in coming months by what he

Fed's Goolsbee says inflation is on track to central bank's 2% goal
Economy

BNY Mellon to raise minimum wage, add mental health benefits

BNY Mellon will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday.

BNY Mellon to raise minimum wage, add mental health benefits
Economy

US equity funds see weekly outflows amid profit-taking, economic report caution

U.S. equity funds witnessed outflows in the week to Nov. 29, as investors booked profits after a strong rally and were cautious ahead of some key economic reports and earnings results.

US equity funds see weekly outflows amid profit-taking, economic report caution
Economy

Bank of Montreal's quarterly profit falls on higher rainy-day funds

Bank of Montreal reported a fall in its fourth-quarter profit on Friday, as higher provisions for potential credit defaults offset gains from a rise in its interest income.

Bank of Montreal's quarterly profit falls on higher rainy-day funds
Economy

Take Five: That most wonderful time of the year

Festive cheer has come early to world markets (bar those dollar bulls) on growing certainty that central banks will start slashing interest rates next year.

Take Five: That most wonderful time of the year
Economy

Activist investor Peltz seeks two seats on Disney board - CNBC

Activist investor Nelson Peltz is seeking two seats on Walt Disney's board, CNBC reported on Thursday.

Activist investor Peltz seeks two seats on Disney board - CNBC
Economy

Traders bet Fed will hold rates steady, start cuts in May

Traders on Thursday maintained bets the Federal Reserve will hold interest rates steady for three more meetings before starting to cut interest rates, after a government report showed

Traders bet Fed will hold rates steady, start cuts in May
Economy

US consumer spending slows in October; weekly jobless claims rise slightly

U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest since early 2021, signs of cooling demand that could further strengthen

US consumer spending slows in October; weekly jobless claims rise slightly
Economy

Marketmind: November bids adieu with inflation data, OPEC

A look at the day ahead in U.S. and global markets from Mike Dolan The best month of the year for U.S. stocks and bonds draws to a close on Thursday with investors bulled up by warm feelings about

Marketmind: November bids adieu with inflation data, OPEC
Economy

Marketmind: Treasuries on cusp of best month since 2008

A look at the day ahead in European and global markets from Wayne Cole. Let's start with Treasuries because, if this were sports, we'd be calling it a comeback for the ages.

Marketmind: Treasuries on cusp of best month since 2008
Economy

US economic activity slowed in recent weeks, Fed survey shows

U.S. economic activity slowed from early October through the middle of November, while businesses reported inflation largely moderated and it was easier to hire workers, the Federal

US economic activity slowed in recent weeks, Fed survey shows
Economy

Fed's Barkin wants rate hike option, no talk of rate cuts

Richmond Federal Reserve Bank President Thomas Barkin on Wednesday said he is "skeptical" that inflation is on its way down to 2%, and wants the option of another rate hike in case

Fed's Barkin wants rate hike option, no talk of rate cuts
Economy

Marketmind: Waller to Wall St, Fed's on the turn

A look at the day ahead in U.S. and global markets from Mike Dolan As Wall Street mourns the passing of 99-year-old investment legend Charlie Munger, Federal Reserve top brass gave one of the clearest

Marketmind: Waller to Wall St, Fed's on the turn
Economy

Austria's Signa to launch self-administrated insolvency proceedings

The management of Signa Holding GmbH will apply to launch self-administrated insolvency proceedings with a Vienna court on Wednesday, the Austrian property group said in a statement

Austria's Signa to launch self-administrated insolvency proceedings
Economy

UBS Chairman says Swiss financial regulator needs more teeth

UBS Chairman Colm Kelleher has called for the Swiss financial industry regulator FINMA to be given more powers after the downfall of Credit Suisse showed the authority lacked

UBS Chairman says Swiss financial regulator needs more teeth
Economy

IMF, World Bank and BIS in first 'tokenisation' collaboration

Three of the world's cornerstone institutions - the International Monetary Fund, the World Bank and the Bank for International Settlements - are to work together for the first time

IMF, World Bank and BIS in first 'tokenisation' collaboration
Economy

US Thanksgiving weekend shoppers cross 200 million for the first time - report

More than 200 million U.S. customers shopped over the five-day holiday weekend from Thanksgiving Day through Cyber Monday, according to data from the National Trade Federation (NRF),

US Thanksgiving weekend shoppers cross 200 million for the first time - report
Economy

US annual home price growth at 6.1% in September, FHFA says

U.S. annual home price growth accelerated again in September, underscoring the rebound of the housing market as it entered the final quarter of the year, data showed on Tuesday.

US annual home price growth at 6.1% in September, FHFA says
Economy

Fed's Bowman says she still expects another interest rate hike

The U.S. central bank will likely need to raise borrowing costs further in order to bring inflation back down to its 2% target over a reasonable period, Federal Reserve Governor Michelle

Fed's Bowman says she still expects another interest rate hike
Economy

Marketmind: Treasuries gobbled up, oil braces for OPEC

A look at the day ahead in U.S. and global markets from Mike Dolan Subdued world markets were relieved at the ease with which Monday's sale of U.S.

Marketmind: Treasuries gobbled up, oil braces for OPEC
Economy

Google, Symphony unveil AI JV to help banks manage voice calls compliance risk

Symphony, the markets infrastructure and tech firm, is teaming up with Google to ramp up its voice analytics offering to banks and investment firms, executives told Reuters, as

Google, Symphony unveil AI JV to help banks manage voice calls compliance risk
Economy

Oil rises on weak dollar, OPEC+ output cut expectations

Oil prices rose on Tuesday, supported by a weak dollar and expectations that the OPEC+ producer group would deepen and extend output cuts due to concerns over subdued demand.

Oil rises on weak dollar, OPEC+ output cut expectations
Economy

Marketmind: Markets turn risk-averse after bumper month

A look at the day ahead in European and global markets from Wayne Cole.

Marketmind: Markets turn risk-averse after bumper month
Economy

Marketmind: Stocks stall after VIX hits pre-COVID low

A look at the day ahead in U.S. and global markets from Mike Dolan Global markets took a sharp intake of breath on Monday after seeing Wall St's 'fear gauge' hit its lowest since before the pandemic

Marketmind: Stocks stall after VIX hits pre-COVID low

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