Today: November 15, 2024
Today: November 15, 2024

Latest From Reuters

Business|Economy|Finance|News|Stock Markets|US

KKR-backed BrightSpring eyes over $3 billion valuation in US IPO

KKR-backed BrightSpring Health Services said on Wednesday it was targeting a valuation of more than $3 billion in its initial public offering in New York.

Economy|Business|Finance|News|US

Citigroup sees Fed's first rate cut in June

Citigroup on Wednesday forecast the U.S. Federal Reserve to deliver a 25 basis-point rate cut in June compared to a prior estimate of July.

Business|Economy|Finance|News|US

Fed's Bowman says regulators can compromise on bank capital plan with 'substantive changes'

Federal Reserve Governor Michelle Bowman said on Wednesday a proposed plan by regulators to hike bank capital requirements has "known deficiencies," but is optimistic

Business|Finance|Technology

Self-driving tech firm TuSimple plans to delist from Nasdaq

TuSimple Holdings said it has decided to voluntarily delist from the Nasdaq and terminate its registration with the U.S. securities regulator, sending the autonomous driving technology

Business|Economy|Finance|US

Fed still seen starting rate cuts in March, traders bet

The Federal Reserve is still seen beginning interest rate cuts in March, though traders became a shade less confident on that start date and on the extent of further rate cuts this year

Asia|News|World

Taiwan reports first major post-election Chinese military activity

Taiwan's defence ministry said it had detected on Wednesday evening 18 Chinese air force planes operating around Taiwan and carrying out "joint combat readiness patrols" with

Business|Finance|Stock Markets|US

Blackstone's BAAM unit returns 6.9% in 2023 - memo

Blackstone Group's BAAM unit, the world's largest investor in hedge funds, posted a 6.9% return last year, according to a memo seen by Reuters, more than double the 3.1% return of

Business|Finance

Morgan Stanley appoints Vince Lumia as head of wealth management client segments

Morgan Stanley apponted Vince Lumia as the head of a new division overseeing wealth client segments, according to a memo seen by Reuters.

Business|Economy|Finance|US

Kinder Morgan misses fourth-quarter profit estimates

Pipeline and terminal operator Kinder Morgan on Wednesday posted a lower-than-expected profit for the fourth quarter, as higher interest expenses and weakness in the natural gas pipeline

Lifestyle|News|US

Iowa sues TikTok for misleading parents about inappropriate content

Iowa's attorney general on Wednesday sued TikTok, accusing the video-based social media platform of misleading parents about their children's access to inappropriate content on the

MidEast|News|US|World

US military says drone from Houthi-controlled areas struck US-owned vessel

A drone launched from areas controlled by the Houthi rebels in Yemen struck a U.S.-owned vessel in the Gulf of Aden on Wednesday, the U.S. military said in a statement.

MidEast|News|World

Factbox-Who are the separatists targeted by Pakistan's strikes in Iran?

Pakistan said on Thursday it had carried out airstrikes against separatist militants in Iran, the latest step in a tense standoff after Iran's missile and drone strikes in the

Asia|Economy|News|World

Tensions with Iran add to Pakistan's economic challenges

An escalation of geopolitical tensions between Pakistan and neighbouring Iran on Thursday has sent shockwaves through Pakistan's struggling economy, roiling its dollar

Business|Europe|Technology

EU sends information request to 17 tech firms including Amazon, Apple, Meta

The European Commission said on Thursday it had send requests for information under the EU's Digital Services Act (DSA) to 17 tech companies that it regards as very large online

Business|Economy|Finance|Stock Markets|US

Fastenal beats results estimates on robust demand for onsite products

Fastenal surpassed fourth-quarter profit and revenue estimates on Thursday, as higher demand from manufacturers for its onsite products boosted sales of its products, such as safety gloves

Europe|News|World

Russian military says it took control of village in eastern Ukraine

Russian forces have taken control of a settlement named Vesele in Ukraine's eastern Donetsk region, Russia's defence ministry said in a statement on Thursday.

Economy|Europe|Finance|News|US|World

Explainer-How the West might use Russia's frozen reserves

Western officials say they are open to the idea of confiscating $300-350 billion of frozen Russian financial assets to help support Ukraine, but how that would be done remains

Europe|News|World

Russian-annexed Crimea restores power after brief blackout - officials

Parts of Russian-annexed Crimea were briefly left without electricity on Thursday evening but the Russian energy ministry said power was later restored.

Business|Fashion and Beauty|US

Safilo and Levi Strauss extend licensing deal until end-2029

Italian glasses maker Safilo and U.S. denim clothing maker Levi Strauss & Co have extended a licensing deal for Levi's-branded eyewear until the end of 2029, the two companies said on

Business|Finance|US

Spirit Airlines is looking at options to refinance its debt -source

Spirit Airlines is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters.

Business|Finance|US

Walmart to raise annual wages for US store managers

Walmart said on Thursday that it will raise the annual average salary and bonus for its U.S.

Asia|News|World

North Korea conducts test of underwater nuclear weapons system -KCNA

North Korea has conducted a test of its underwater nuclear weapons system in a protest against this week's joint military drills by South Korea, the United States and Japan, state

Crime|MidEast|News|Political|World

UN rights official says Gaza detainees humiliated, dressed in diapers

A U.N. human rights official accused Israel on Friday of mistreating Palestinian detainees in Gaza, saying he had met men who had described being held for weeks, beaten and

Business|Economy|Finance|Stock Markets|US

Comerica forecasts weak interest income as deposit costs rise, loan growth slows

Comerica on Friday forecast an 11% drop in its net interest income (NII) in 2024, as it pays more interest on deposits to keep customers from moving to other options, while seeing slower

Business|Economy|Finance|News|Stock Markets|US

US equity funds see big outflows on rate-cut uncertainty, earnings caution

U.S. equity funds saw large outflows in the seven days to Jan. 17 as a solid retail sales report and pushback from Federal Reserve officials tempered hopes about a policy rate cut in March

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