(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 …
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Bilt Rewards valued at $3.1 billion after General Catalyst-led fundraise
by Reutersby Reuters(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 …
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General Dynamics revenue beats on defense demand; supply woes persist
by Reutersby ReutersBy 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 …
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US business activity picks up in January; inflation cooling – S&P Global survey
by Reutersby ReutersWASHINGTON (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 …
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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 …
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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 …
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Factbox-What to expect in 2024: Fed pivot, cooling inflation, easing growth
by Reutersby Reuters(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 …
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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 …
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(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 …
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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 …
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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 …
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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 …
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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 …
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(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 …
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Analysis-Netanyahu faces doubts over goals, strategy and post-war plans
by Reutersby ReutersBy 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 …
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Canada’s top pension funds pile into private credit as banks retreat
by Reutersby Reuters(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 …
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Mexican headline inflation continued to accelerate in early January
by Reutersby Reuters(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 …
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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 …
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Apple plans new fees, restrictions for downloads outside App Store – WSJ
by Reutersby Reuters(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 …
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(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 …
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(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. …
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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 …
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Sensor maker TE Connectivity beats profit estimates, forecasts robust Q2 earnings
by Reutersby Reuters(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 …
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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 …
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Tin shackled by surplus, but green industry demand poised to mop up supplies
by Reutersby ReutersBy 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 …