(Reuters) -Tesla is not offering its employees yearly merit-based stock awards, Bloomberg News reported on Tuesday. Tesla did not immediately respond to Reuters’ request for comment. The news co[...]
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December 20, 2023
Zara founder Ortega buys Florida warehouse for $113 million
MADRID (Reuters) – Amancio Ortega, the founder of Zara owner Inditex, has increased his bet on logistics real estate in the United States with the acquisition of a warehouse in Hialeah, Florida,[...]
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Prada buys New York Fifth Avenue store building for $425 million
MILAN (Reuters) – Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company said on Wednesday. Prada, which h[...]
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US existing home sales unexpectedly rise in November
WASHINGTON (Reuters) – U.S. existing home sales unexpectedly rose in November, but further gains as mortgage rates retreat from 23-year highs could be limited by a chronic shortage of houses on[...]
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Cheerios maker General Mills cuts sales view as price hikes hammer demand
By Annett Mary Manoj and Juveria Tabassum (Reuters) – General Mills cut its annual sales forecast, on Wednesday and missed second-quarter estimates, warning of a slower recovery in demand follow[...]
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ProShares to launch S&P 500 ETF with zero-day call options
By Suzanne McGee (Reuters) – ProShares expects to launch an exchange-traded fund (ETF) Wednesday that uses the short-dated options commonly referred to as “zero days to expiry” on th[...]
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Wall St opens lower as rate-cut rally fizzles; FedEx slides
(Reuters) – Wall Street’s main indexes opened lower on Wednesday as investors took a breather from a rally that was sparked by the Federal Reserve’s likely pivot to a dovish policy,[...]
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Fed hawks, doves, and centrists: Tracking US central bankers’ views
(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 more focused o[...]
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US current account deficit narrows in third quarter on petroleum exports
WASHINGTON (Reuters) – The U.S. current account deficit was the smallest in more than two years in the third quarter amid rising petroleum exports, government data showed on Wednesday. The Comme[...]
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