BERLIN (Reuters) – The head of German shipping firm Hapag Lloyd, Rolf Habben Jansen, expects the next three years to be difficult because demand for shipping services is growing more slowly than[...]
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October 13, 2023
S&P 500, Nasdaq fall with data, geopolitics offsets strong results
By Sinéad Carew, Shashwat Chauhan and Ankika Biswas (Reuters) – The S&P 500 and the Nasdaq closed lower on Friday as deteriorating consumer sentiment data and the Middle East conflict soured[...]
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Pfizer slashes revenue forecast on lower COVID sales, will cut costs
By Michael Erman (Reuters) -Pfizer on Friday slashed its full-year revenue forecast by 13% and said it will cut $3.5 billion worth of jobs and expenses due to lower-than-expected sales of its COVID-19[...]
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Musk’s X illegally fired worker challenging office return -US labor board
(Reuters) -Elon Musk’s X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a re[...]
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US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source
By Chris Prentice and Hannah Lang NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Gray[...]
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Exclusive-Apollo seeking to join airline SAS investor consortium -source
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – U.S. private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it th[...]
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Exclusive-Activist hedge fund Starboard eyes Rupert Murdoch’s News Corp -sources
By Svea Herbst-Bayliss (Reuters) -Starboard Value, the activist hedge fund run by Jeffrey Smith, has bought shares of News Corp, according to people familiar with the matter, a move that could presage[...]
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Oil, Treasuries, gold prices jump amid Mideast fears
By Caroline Valetkevitch NEW YORK (Reuters) – Oil, U.S. Treasuries and gold prices rose on Friday, with crude soaring nearly 6%, on safe-haven buying driven by the escalating Middle East conflic[...]
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Major US banks show profit boost, but some caution from consumers
NEW YORK (Reuters) -Major U.S. banks said on Friday higher interest rates boosted profits even though the economy was slowing and consumers showed signs of more cautious behavior. JPMorgan, Wells Farg[...]
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