By Noel Randewich and Shristi Achar A (Reuters) – The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due l[...]
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September 11, 2023
Instacart’s flat shopping orders could hurt ad growth – analysts
By Arriana McLymore NEW YORK (Reuters) – As Instacart touts its hefty advertising revenue in its hotly anticipated IPO offering, purchases on the online grocery platform have flattened in the fi[...]
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BOJ’s hawkish tilt suggests end to super-easy policy approaching
By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers are increasingly talking up the need to shift away from the massive monetary stimulus of the past decade, even as growing global risks heigh[...]
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UPS estimates new contract with Teamsters to increase costs 3.3%
(Reuters) -Parcel Service said on Monday its new five-year contract covering some 340,000 Teamsters-represented workers in the United States would increase wage and benefit costs at a 3.3% compound an[...]
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Bank of America says Q3 investment banking fees down 30%-35% for sector
NEW YORK (Reuters) -Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector, but Bank of America will fare better than that average, its chief financial off[...]
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Oracle sees revenue below estimates as cloud spending sputters
(Reuters) -Oracle projected current-quarter revenue below Wall Street targets on Monday and narrowly missed expectations for the first quarter as a tough economy pressured cloud spending by businesses[...]
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JPMorgan CEO Jamie Dimon blasts draft US bank capital rules
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back an[...]
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Marketmind: Japan waves ripple far and wide
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Never underestimate the Bank of Japan’s ability to move markets. Ju[...]
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US SEC fines 9 investment firms over marketing rule failures
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Monday ordered nine investment advisory firms to pay a combined $850,000 in civil penalties for advertising hypothetical per[...]
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