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MIsc. News

  • MIsc. News

    Carlyle buys $415 million student loan portfolio from Truist

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) – Private equity giant Carlyle Group has bought a $415 million portfolio of student loans from Truist Bank, expanding into a market that is being increasingly shunned by traditional …

  • MIsc. News

    Bilt Rewards valued at $3.1 billion after General Catalyst-led fundraise

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) – Loyalty program Bilt Rewards said on Wednesday it had more than doubled its valuation to $3.1 billion after its latest funding round led by venture capital firm General …

  • MIsc. News

    General Dynamics revenue beats on defense demand; supply woes persist

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Mehr Bedi and Mike Stone (Reuters) – General Dynamics beat Wall Street expectations for fourth-quarter revenue on Wednesday, as a tense global political climate sustained demand for its military …

  • MIsc. News

    US business activity picks up in January; inflation cooling – S&P Global survey

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    WASHINGTON (Reuters) – U.S. business activity picked up in January and inflation appeared to abate, with a measure of prices charged by companies for their products falling to the lowest …

  • MIsc. News

    China’s attempts to lift confidence in economy fall flat

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Joe Cash BEIJING (Reuters) -Chinese Premier Li Qiang went to the World Economic Forum in Davos last week with a mission to present a positive image of the economy …

  • MIsc. News

    How hedge funds would trade Red Sea supply disruptions

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) – Attacks in the Red Sea by Iranian-backed Houthi militants on shipping vessels have dealt global supply chains …

  • MIsc. News

    Factbox-What to expect in 2024: Fed pivot, cooling inflation, easing growth

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) -Global growth will likely slow this year, but a dovish tilt in the Federal Reserve’s stance has raised hopes for the U.S. economy and brightened the outlook for riskier …

  • MIsc. News

    UBS names new head of $1.6 trillion asset management business

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By John Revill ZURICH (Reuters) -UBS has appointed insider Aleksandar Ivanovic as the new head of its $1.6 trillion asset management business as the Swiss bank pushes ahead with the …

  • MIsc. News

    AT&T’s equipment writedown hurts annual profit view, shares slip

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) -U.S. carrier AT&T forecast annual profit below market estimates on Wednesday as it lowers the value of its old equipment and grapples with competition from cable operators, sending its …

  • MIsc. News

    Netflix soars as earnings highlight dominance in ‘streaming wars’

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Aditya Soni (Reuters) -Netflix soared 11% on Wednesday as its blowout subscriber growth cemented investor confidence the firm has won the streaming wars with its password-sharing crackdown and a …

  • MIsc. News

    EU lays out economic security plans, with mind on China

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission set out plans on Wednesday to bolster the European Union’s economic security through closer scrutiny of foreign investments and more coordinated …

  • MIsc. News

    Europe launches AI one-stop shop with supercomputers for startups

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Foo Yun Chee BRUSSELS (Reuters) – Europe’s startups will get easier access to artificial intelligence-dedicated supercomputers to help them develop general purpose AI models as part of a new …

  • MIsc. News

    Euro zone business activity contracts again in January

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Jonathan Cable LONDON (Reuters) -Euro zone businesses faced a tough start to 2024 with activity contracting again in January as demand continued to fall while price pressures rose due …

  • MIsc. News

    US aims to impose tighter curbs on civilian gun exports: Bloomberg

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) – The Biden administration is seeking to reduce the use of U.S.-made guns in foreign crimes and human rights violations by tightening oversight and rules governing commercial exports of …

  • MIsc. News

    Analysis-Netanyahu faces doubts over goals, strategy and post-war plans

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Maayan Lubell and Dan Williams JERUSALEM (Reuters) – More than 100 days into Israel’s quest to destroy Hamas, Prime Minister Benjamin Netanyahu is being challenged by members of his …

  • MIsc. News

    Canada’s top pension funds pile into private credit as banks retreat

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (This Jan. 23 story has been corrected to say 2023, not 2022, in paragraph 11) By Maiya Keidan, Pablo Mayo Cerqueiro and Iain Withers TORONTO/LONDON (Reuters) – Six of Canada’s …

  • MIsc. News

    Mexican headline inflation continued to accelerate in early January

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) -Mexican headline inflation persisted in its upward trend for the fifth half-month in a row, above forecasts, according to official data released on Wednesday. Annual headline inflation in Latin …

  • MIsc. News

    UK economy picks up speed but Red Sea crisis hits factories

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By William Schomberg LONDON (Reuters) – Britain’s economy started 2024 on a stronger footing, according to a survey of businesses published on Wednesday that prompted investors to reduce their bets …

  • MIsc. News

    Apple plans new fees, restrictions for downloads outside App Store – WSJ

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) – Apple plans to add new fees and restrictions when it starts allowing third-party software downloads outside its App Store, the Wall Street Journal reported on Wednesday. The news …

  • MIsc. News

    Abbott forecasts lackluster 2024 earnings, shares down

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) -Abbott Laboratories on Wednesday forecast 2024 profit largely below Wall Street estimates despite meeting quarterly earnings expectations, sending the medical device maker’s shares down 2% in premarket trading. Expectations …

  • MIsc. News

    Chipotle to hire 19,000 additional workers for peak demand season

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) – Chipotle Mexican Grill said on Wednesday it is looking to hire 19,000 additional employees to beef up workforce at its restaurants for its busiest time of the year. …

  • MIsc. News

    Investors temper US rate cut bets as Fed meeting looms

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – A strong U.S. economy and pushback from central bank officials is leading some investors to rethink their bets on how quickly the …

  • MIsc. News

    Sensor maker TE Connectivity beats profit estimates, forecasts robust Q2 earnings

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    (Reuters) – TE Connectivity Ltd on Wednesday provided an upbeat forecast for second-quarter profit after reporting a better-than-expected quarterly profit, helped by component demand from electric vehicle makers. Shares of …

  • MIsc. News

    Explainer-What makes Italy’s capital markets bill controversial?

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italian Prime Minister Giorgia Meloni faces mounting criticism over a government bill to overhaul the country’s capital markets, after it was …

  • MIsc. News

    Tin shackled by surplus, but green industry demand poised to mop up supplies

    by Reuters January 24, 2024
    by Reuters January 24, 2024

    By Pratima Desai LONDON (Reuters) – The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition …

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