A look at the day ahead in U.S. and global markets from Mike Dolan A fresh burst of chipmaker excitement around artificial intelligence and some punchy U.S. jobs data have reinvigorated Wall St and To[...]
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January 19, 2024
UK retail sales slump points to new risk of recession
By Suban Abdulla and Andy Bruce LONDON (Reuters) -British retailers suffered the biggest drop in sales for almost three years during December, raising the risk that the economy slipped into recession[...]
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BlackRock’s spot bitcoin ETF first to hit $1 billion in assets
(Reuters) – BlackRock’s spot bitcoin exchange-traded fund (ETF) hit $1 billion in assets in the first four days of trading, the first to clinch the milestone among a batch of newly launche[...]
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Global equity funds see big outflows as rate outlook shifts
(Reuters) – Global equity funds witnessed hefty outflows in the week up to Jan. 17 as investors trimmed positions after central bankers in the U.S. and Europe pushed back against market expectat[...]
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Tough luxury market hits Bentley as sales drop 11% in 2023
By Nick Carey LONDON (Reuters) – British luxury carmaker Bentley on Friday reported an 11% drop in vehicle sales for 2023 as high-end consumers felt the pinch of rising costs and slowing economi[...]
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VF Corp’s cyber incident causes data breach of 35.5 million consumers
(Reuters) – Vans sneaker maker VF Corp said on Thursday the cyber incident that hit the company in December led to a breach of personal data of about 35.5 million consumers, and added that it do[...]
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Exclusive-China orders indebted local governments to halt some infrastructure projects-sources
(Reuters) – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing stru[...]
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Royal Caribbean, MSC cancel cruises due to Red Sea attacks
By Doyinsola Oladipo and Catarina Demony NEW YORK/MADRID (Reuters) – Some cruise operators have cancelled or adjusted their itineraries to avoid the Red Sea due to attacks on ships by Houthi mil[...]
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OpenAI, Arizona State University partner to expand AI in academia
(Reuters) – Microsoft-backed OpenAI has signed a deal with Arizona State University as the ChatGPT owner looks to expand its partnerships beyond technology and media firms. The university said o[...]
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