By Arsheeya Bajwa and Max A. Cherney (Reuters) -Micron Technology forecast quarterly revenue above market estimates on Wednesday, and its shares jumped nearly 5% in extended trading on signs of memory[...]
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December 20, 2023
Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally, which had been driven by falling int[...]
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Dollar rises on safe-haven bid, big UK inflation drop hits pound
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against a basket of currencies on Wednesday as a late-session selloff on Wall Street boosted the U.S. currency’s safe-haven appeal, and a[...]
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Brazil Supreme Court suspends $2 billion fine on JBS owner
BRASILIA (Reuters) – A Brazilian Supreme Court justice suspended a 10.3 billion real ($2.10 billion) fine on J&F, the firm that controls the world’s largest meatpacker, JBS, according[...]
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Colombia announces winners in ‘historic’ 5G data services auction
BOGOTA (Reuters) – Colombia picked four telecommunications firms as winners of a fifth-generation (5G) data services auction on Wednesday in a bid to attract investment and join regional peers l[...]
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Citigroup to shut global distressed-debt business – CNBC
(Reuters) – U.S. lender Citigroup is closing its global distressed-debt business as part of CEO Jane Fraser’s overhaul, CNBC reported on Wednesday citing people with direct knowledge of th[...]
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Morgan Stanley mulls private credit fund bet with balance sheet – Bloomberg News
(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News report[...]
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Fire at Detroit-area EV plant likely caused by forklift hitting batteries – GM
(Reuters) – General Motors said on Wednesday a fire at its Factory Zero Detroit-Hamtramck was likely caused by a forklift accidentally puncturing a container with battery materials, according to[...]
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Analysis-Global banks see no recession, US companies are more circumspect
By Vidya Ranganathan and Gaurav Dogra SINGAPORE (Reuters) – Heading into 2024, analysts say the U.S. recession they’d been forecasting for two years isn’t coming anymore. Everyone el[...]
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