By Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a[...]
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September 12, 2023
JPMorgan strategists say US stock valuations at risk from high interest rates
NEW YORK (Reuters) – After big gains for the U.S. stock market this year, equity valuations could come under pressure from high interest rates, based on historical relationships, JPMorgan strate[...]
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Marketmind: Inflation jitters bubble up
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Sagging stocks and new 2023 year highs for oil will put Asian markets on[...]
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Google argues quality kept its search on top, defends billions paid
By Diane Bartz WASHINGTON (Reuters) – Google argued on Tuesday the U.S. was wrong to say the search and advertising giant broke the law to hold onto its massive market share, noting its search e[...]
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Goldman Sachs CEO says US economic outlook uncertain despite soft landing prospects
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs CEO David Solomon said the U.S. economy is likely to avoid a significant recession, but warned that inflation will likely be more per[...]
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Exclusive-Arm to fetch at least $54.5 billion valuation in IPO -source
By Echo Wang NEW YORK (Reuters) -Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price range in its initial public off[...]
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DoubleLine’s Gundlach expects Fed rate cuts in first half of 2024
(Reuters) – DoubleLine Capital CEO Jeff Gundlach expects the U.S. Federal Reserve to cut benchmark rates in the first half of 2024 after an aggressive rate hike cycle over the past year and a ha[...]
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Sam Bankman-Fried loses bid for pretrial jail release
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried on Tuesday lost a bid to be released from jail so he can better prepare for his Oct. 3 trial on fraud charges stemming from the collapse of his FTX c[...]
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RTX jet engine problem ripples across global aerospace industry
By Valerie Insinna, Abhijith Ganapavaram and Rajesh Kumar Singh (Reuters) -Aerospace suppliers and airlines around the world warned of rising costs and a squeeze on plane capacity after U.S. engine ma[...]
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