By Svea Herbst-Bayliss (Reuters) – Salesforce Inc on Friday named three new board directors, including the chief of hedge fund ValueAct Capital, amid pressure from activist investors for better[...]
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January 27, 2023
Tesla, insurers take different paths to deal with expensive repairs
By Paul Lienert (Reuters) – Tesla Inc’s electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. Chi[...]
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AmEx shrugs off slowdown worries after forecasting upbeat full-year profit
By Manya Saini (Reuters) -American Express Co’s upbeat profit forecast for the year on Friday eased worries of economic uncertainty denting consumer spending and sent its shares up 10% in early[...]
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U.S. consumer moods brighten to kick of 2023, inflation views down
(Reuters) – U.S. consumers entered 2023 with the most optimism in nine months, buoyed by healthy incomes and easing inflation even as most worry a recession could trip up the economy this year.[...]
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Fed seen ending rate hikes by March as inflation slows
By Ann Saphir and Lindsay Dunsmuir (Reuters) -Federal Reserve policymakers are finally seeing some sustained progress in sapping high inflation, cementing their plan to raise interest rates by a quart[...]
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Rolls-Royce slumps as new CEO warns of ‘last chance’ to change
By Sarah Young LONDON (Reuters) – Shares in Rolls-Royce fell as much as 4% on Friday after its new CEO warned staff the aerospace company, Britain’s premier blue-chip engineering group, wa[...]
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Optimism over China, peak bond yields draw flows into stocks -BofA
(Reuters) -Weekly inflows into stocks in the week to Wednesday were the largest in six weeks, data from BofA Global Research showed, as China’s reopening of its borders and expectations that bon[...]
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Brazil’s central bank to keep wary stance against govt flak: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank will keep a wary stance next week against strong criticism from recently elected President Luiz Inacio Lula da Silva, mainta[...]
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U.S. pending home sales post first gain in seven months in December
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes increased for the first time in seven months in December as mortgage rates declined, another hopeful sign that the embattled h[...]
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