By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google, Meta Platforms, Qualcomm and seven other tech companies on Wednesday teamed up to push for open digital ecosystems in response to ne[...]
Read more
December 13, 2023
Argentina’s Milei needs to deactivate $400 billion ‘debt bomb’
By Jorgelina do Rosario and Rodrigo Campos BUENOS AIRES/NEW YORK (Reuters) -Argentina’s economy has many problems, and dealing with a mountain of debt repayments over the next two years could de[...]
Read more
Pfizer shares sink after it resets 2024 COVID expectations
By Leroy Leo and Michael Erman (Reuters) -Pfizer on Wednesday forecast 2024 sales that could be as much as $5 billion below Wall Street expectations, a move top executives said provided a more reliabl[...]
Read more
Credit Suisse entities to pay $10 million over prohibited mutual fund services
WASHINGTON (Reuters) -Credit Suisse Securities and two affiliated firms have agreed to pay over $10 million to settle U.S. Securities and Exchange Commission charges they provided prohibited services[...]
Read more
BofA’s former head of wealth, private bank Keith Banks to retire
By Lananh Nguyen NEW YORK (Reuters) – Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end of February after more than four decades in finance,[...]
Read more
Fed’s Powell not ready to say when balance sheet wind-down ends
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that central bank officials have yet to decide when they will end their balance sheet reduction eff[...]
Read more
Marketmind:’Melt up’ as Fed accelerates pivot
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are poised for lift off on Thursday, fueled by the dovish tilt from the Federal Reserve’s final policy[...]
Read more
US rate futures lift March rate cut bets after Fed flags end of tightening
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. interest rate futures on Wednesday increased the chances of rate cuts by the Federal Reserve starting next March, with a 77%probability afte[...]
Read more
Dow notches first record close in almost two years as Fed signals lower rates
By Noel Randewich (Reuters) -The Dow Jones Industrial Average on Wednesday notched its first record high close since January 2022 after the Federal Reserve signaled lower borrowing costs are coming in[...]
Read more