By David Randall NEW YORK (Reuters) – Some of Wall Street’s biggest names are throwing cold water on expectations that the U.S. economy will scrape through 2023 without a recession, even as hope[...]
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January 25, 2023
U.S. senator seeks to bar EVs from tax credits not meeting sourcing rules
By David Shepardson WASHINGTON (Reuters) -U.S. Senate Energy and Natural Resources Committee chair Joe Manchin on Wednesday introduced legislation that would immediately impose battery sourcing requir[...]
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Microsoft’s dour outlook raises red flags for tech sector
By Nivedita Balu and Tiyashi Datta (Reuters) -Microsoft Corp’s lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned that i[...]
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Bank of Canada hikes rates, becomes first major central bank to signal pause
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central ban[...]
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Analysis-U.S. corporate bond rally stumbles on ‘Goldilocks’ skepticism
By Davide Barbuscia and Matt Tracy (Reuters) – A New Year rally in U.S. corporate bonds has started to lose some momentum, as some investors become skeptical of recent optimism about a ‘Go[...]
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Dollar eases as traders look to central banks for cues
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Wednesday, but its losses were capped as traders were hesitant to make any big bets ahead of next week’s central b[...]
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NextEra shares tumble as revenue misses, head of key unit leaves
(Reuters) -NextEra Energy Inc on Wednesday posted mixed quarterly results, sending its shares sliding as the renewable power company announced the retirement of the head of its key Florida utility uni[...]
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U.S. crude stocks highest since June 2021 as fuel demand falls -EIA
By Laura Sanicola (Reuters) – U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, crude stocks reached the highest level since J[...]
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Musk explores raising $3 billion to pay off Twitter debt – WSJ
(Reuters) -Elon Musk’s team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout of the company,[...]
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