(Reuters) – The Congressional Budget Office projects U.S. economic growth to slow to 1.5% in 2024, with the unemployment rate seen rising to 4.4% next year from what it estimates will be a 3.9%[...]
Read moreDecember 15, 2023
Hewlett Packard Enterprise hires HP Inc’s Marie Myers as CFO
(Reuters) – Hewlett Packard Enterprise said on Friday HP Inc’s finance chief Marie Myers would join the server maker as its chief financial officer (CFO) on Jan. 15. Myers, who was HP[...]
Read moreFinancial conditions loosen further in warning shot to euphoric markets
By Naomi Rovnick LONDON (Reuters) – Feverish speculation about future interest rate cuts has further loosened global financial conditions, storing up risks for euphoric stock and bond markets if[...]
Read moreUnder pressure from Shein, H&M reaches for upmarket shoppers
By Helen Reid LONDON (Reuters) -During Paris Fashion Week, pop icon Cher, Swedish singer Robyn and South Korean DJ Peggy Gou performed at Silencio nightclub to a crowd of actors and models including J[...]
Read moreTraders pare bets on 2024 rate cuts as Fed’s Williams says talk is ‘premature’
(Reuters) – Traders of futures contracts that settle to the Federal Reserve’s benchmark rate pared bets on U.S. interest-rate reductions next year as New York Fed President John Williams t[...]
Read moreRussia nears end of rate rise cycle with hike to 16%
By Vladimir Soldatkin and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank raised its key interest rate by 100 basis points to 16% on Friday, hiking borrowing costs for the fifth[...]
Read moreUS equity funds rebound with net inflows amid market rally
(Reuters) – U.S. equity funds attracted net inflows in the week through Dec. 13 amid a rally on Wall Street despite caution ahead of the Federal Reserve’s upcoming monetary policy announce[...]
Read moreActivist investor Peltz reignites proxy battle with Disney
(Reuters) – Activist investor Nelson Peltz nominated himself and former Walt Disney executive James “Jay” Rasulo to the board of the 100-year-old media company on Thursday, his secon[...]
Read moreInvestors go ‘all-in on infallible Fed’, dumping cash and buying stocks -BofA
LONDON (Reuters) – Investors dumped cash and bought stocks in the week to Wednesday, according to BofA Global Research, as hopes of interest rate cuts drove equity and bond prices higher. Invest[...]
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