By David Randall, Lewis Krauskopf and Carolina Mandl (Reuters) -Hopes that an economic soft landing will lead the Federal Reserve to pull back on interest rates have ignited Wall Street’s appetite for[...]
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November 29, 2023
JPMorgan strategists see ‘challenging’ backdrop for US stocks in 2024
By Lewis Krauskopf NEW YORK (Reuters) – J.P. Morgan equity strategists on Wednesday issued a dour outlook for U.S. stocks for the year ahead, pointing to weak expected earnings growth, expensive[...]
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US Supreme Court signals it could limit SEC in-house enforcement
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -Conservative U.S. Supreme Court justices on Wednesday signaled skepticism toward the legality of certain proceedings conducted in-house by the Sec[...]
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Vanguard Australia eyes mergers to grow in domestic pension market
By Lewis Jackson SYDNEY (Reuters) -Vanguard Australia will look to buy or merge with domestic pension funds, in an effort to grow its retirement product as much as fifty-fold, Managing Director Daniel[...]
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US economic activity slowed in recent weeks, Fed survey shows
(Reuters) – U.S. economic activity slowed from early October through the middle of November, while businesses reported inflation largely moderated and it was easier to hire workers, the Federal[...]
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GM sees $9.3 billion hit from labor deals, outlines $10 billion buyback
By David Shepardson (Reuters) -General Motors said on Wednesday its new labor deals after a lengthy U.S. strike will cost it $9.3 billion even as it outlined $10 billion in share buybacks, a 33% divid[...]
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Social media CEOs to testify at US Senate hearing in January
WASHINGTON (Reuters) – The chief executives of social media companies Meta, X, TikTok, Snap and Discord will testify on online child sexual exploitation at a U.S. Senate hearing rescheduled for[...]
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Exxon CEO Darren Woods likely to attend COP28 – sources
By Sabrina Valle and Sarah McFarlane HOUSTON (Reuters) -Exxon Mobil Corp Chief Executive Darren Woods is making plans to attend the COP28 climate summit in Dubai next week, two people familiar with th[...]
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OPEC+ talks focusing on deeper oil cut, sources say
By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/LONDON (Reuters) -OPEC+ talks on 2024 oil policy ahead of a Thursday ministerial meeting were focusing on an additional oil supply cut to suppo[...]
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