By Ann Saphir (Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove[...]
Read more
November 30, 2023
Canada’s RBC, CIBC beat profit estimates; TD misses on higher loan provisions
By Nivedita Balu and Niket Nishant (Reuters) -Two of Canada’s big six banks beat expectations for quarterly earnings on Thursday, as Royal Bank of Canada benefited from a rebound in dealmaking a[...]
Read more
Salesforce shares jump as strong cloud demand drives stellar results
By Chibuike Oguh NEW YORK (Reuters) – Salesforce Inc’s stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar t[...]
Read more
US existing home sales to stay subdued next year, along with prices: Reuters poll
By Hari Kishan BENGALURU (Reuters) – U.S. existing home sales are forecast to remain subdued next year and beyond as high mortgage rates force homeowners to stay put, according to a Reuters poll[...]
Read more
Ford pegs cost of UAW labor deal at $8.8 billion, cuts annual profit view
By Nathan Gomes (Reuters) -Ford Motor on Thursday pegged the cost of a new labor deal at $8.8 billion and joined rival General Motors in cutting its full-year profit forecast due to lost production fr[...]
Read more
Factbox-Consolidation in US health insurance industry
By Deena Beasley (Reuters) – Health insurer Cigna is in merger talks with Humana, a source familiar with the matter said on Wednesday, potentially marking the latest in a long string of deals ai[...]
Read more
Traders bet Fed will hold rates steady, start cuts in May
(Reuters) – Traders on Thursday maintained bets the Federal Reserve will hold interest rates steady for three more meetings before starting to cut interest rates, after a government report showe[...]
Read more
Broadcom adds silicon AI features to speed new Trident networking chip
By Max A. Cherney (Reuters) – Tech conglomerate Broadcom added artificial intelligence features to a new version of one of its flagship networking chips, the company said on Thursday, aiming to[...]
Read more
Microsoft president says no chance of super-intelligent AI soon
By Muvija M and Martin Coulter LONDON (Reuters) -The president of tech giant Microsoft said there is no chance of super-intelligent artificial intelligence being created within the next 12 months, and[...]
Read more