BRUSSELS (Reuters) – EU antitrust regulators will decide by Oct. 23 whether to clear Turkish domestic appliances maker Arcelik’s proposed purchase of Whirlpool’s European domestic ap[...]
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September 21, 2023
U.S. stock prices near level for ‘mechanical selling’ – Nomura’s McElligott
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The latest leg lower in U.S. stock prices has put them in a danger zone that could trigger so-called “mechanical selling” pressure and accel[...]
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NextEra workers roll the dice with big bet on company stock
By Tim McLaughlin (Reuters) – NextEra Energy’s $5.4 billion retirement plan for employees has suffered about half a billion dollars in losses this year as outsized bets on company stock so[...]
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Nvidia, other US chip stocks stall over valuation, industry worries
By Lewis Krauskopf NEW YORK (Reuters) – Some of the shine is wearing off shares of Nvidia and other U.S. semiconductor companies after a stunning 2023 rally, as investors weigh steep valuations,[...]
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Bank of England hits stop on rate hike run as economy slows
By William Schomberg, Andy Bruce and Suban Abdulla LONDON (Reuters) -The Bank of England halted its long run of interest rate increases on Thursday as Britain’s economy slowed and inflation fell[...]
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US existing home sales fall in August; house prices rise
WASHINGTON (Reuters) – U.S. existing home sales unexpectedly fell in August as persistently tight supply boosted prices, and a further decline is likely amid a resurgence in mortgage rates. Exis[...]
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Darden beats first-quarter estimates on steady casual dining demand
(Reuters) – Darden Restaurants beat quarterly sales and profit estimates on Thursday, helped by higher menu prices, easing cost pressures and steady demand at its casual dining restaurant chains[...]
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10-year yields hit 16-year peak as Fed seen higher for longer
By Karen Brettell NEW YORK (Reuters) – Benchmark 10-year U.S. Treasury yields rose to 16-year highs on Thursday, a day after the Federal Reserve surprised investors by flagging the potential for[...]
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NY Fed official touts benefits of central clearing for bond market
By Michael S. Derby NEW YORK (Reuters) – An increase in government bond central clearing could increase the resilience of a market that forms the backbone of the global credit system, a top New[...]
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