By David Randall, Lewis Krauskopf and Carolina Mandl (Reuters) -Hopes that an economic soft landing will lead the Federal Reserve to pull back on interest rates have ignited Wall Street’s …
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US economy grows 5.2% in third quarter; higher interest rates sapping momentum
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equipment, but momentum appears …
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Foot Locker’s forecasts get a boost as big discounts bump holiday sales
by Reutersby ReutersBy Juveria Tabassum (Reuters) -Foot Locker’s steep discounts powered a solid start to the retailer’s holiday season sales and prompted it to tighten its annual profit and sales expectations, sending …
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Defying Pope’s calls for climate action, US Catholic bishops cling to fossil fuels
by Reutersby ReutersBy Richard Valdmanis (Reuters) -Hundreds of Catholic institutions around the globe have announced plans to divest their finances of oil, gas and coal to help fight climate change since Pope …
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Saudi’s Kingdom Holding buys $450 million stake in Citigroup from Alwaleed
by Reutersby ReutersBy Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding said on Wednesday it raised its ownership in Citigroup to 2.2% after acquiring from …
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Panama president directs First Quantum to shut copper mine after court ruling
by Reutersby ReutersBy Elida Moreno and Valentine Hilaire PANAMA CITY (Reuters) – Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Interest rate decisions and guidance from New Zealand and Thailand, and inflation figures from Australia will …
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US consumer confidence rebounds, house prices maintain upward trend
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence rose in November after three straight monthly declines, with Americans planning big-ticket purchases like motor vehicles and houses over the next …
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‘At what cost?’ Ukraine strains to bolster its army as war fatigue weighs
by Reutersby ReutersBy Olena Harmash and Tom Balmforth KYIV (Reuters) – When Antonina Danylevych’s husband enlisted in the Ukrainian army in March 2022, he had to line up at the draft office …
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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. Treasuries was …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are lacking firm direction either way, but bulls will be hoping the combination of …
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By SinĂ©ad Carew and Harry Robertson NEW YORK/LONDON (Reuters) -MSCI’s global equity index fell on Monday and U.S. Treasury yields fell while investors digested weak U.S. housing data and waited …
- MIsc. News
Wells Fargo sees economic “soft patch” capping further S&P 500 gains
by Reutersby ReutersBy David Randall NEW YORK (Reuters) – An upcoming “economic soft patch” will likely weigh on the recent U.S. equity rally and stall sectors such as consumer discretionary and small-cap …
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By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, …
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A look at the day ahead in European and global markets from Wayne Cole. Asia started Monday in hesitant fashion and has turned steadily grimmer, although there is no obvious …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets on Monday could kick off the last week of the month in a bullish …
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A look at the day ahead in U.S. and global markets from Mike Dolan As Americans take a quick peek at markets on Friday before resuming a long Thanksgiving weekend, …
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By Denny Thomas TORONTO (Reuters) – A look at the day ahead in Asian markets. With Wall Street shut for Thanksgiving on Thursday, Asian investors will miss the usual swing …
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By Marc Jones LONDON (Reuters) – World equity markets added to their best month since the COVID vaccine breakthroughs of late 2020 on Thursday as Europe digested another far-right election …
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By Nevzat Devranoglu ANKARA (Reuters) -Turkey’s central bank raised its policy rate by a larger-than-expected 500 basis points to 40% on Thursday and said the pace of monetary tightening would …
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By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. Markets were buoyant ahead of Asia trading and the Thanksgiving holiday …
- MIsc. News
US weekly jobless claims fall; business spending on equipment easing
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, but that likely does not change the view …
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A look at the day ahead in U.S. and global markets from Mike Dolan The mercurial world of artificial intelligence continues to grab most market headlines into the U.S. Thanksgiving …
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By Chavi Mehta, Max A. Cherney and Stephen Nellis (Reuters) -Chip designer Nvidia said on Tuesday it expects a steep drop in fourth-quarter sales in China – a key revenue …
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A look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia, which in AI tech terms is the only company selling …