By Hannah Lang (Reuters) -Shares in Jack Dorsey-led Block surged 12% on Thursday after the payments firm forecast adjusted core earnings for the current quarter above Wall Street estimates, betting on[...]
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February 22, 2024
Japan’s Nippon Steel China assets under scrutiny over US Steel deal, Bloomberg reports
(Reuters) -The Biden administration is examining Nippon Steel’s China connection, in relation to the Japanese company’s planned acquisition of American rival U.S. Steel, Bloomberg News rep[...]
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Fed’s Cook: need more confidence on inflation before cutting rates
(Reuters) – U.S. Federal Reserve Governor Lisa Cook on Thursday said that with inflation easing and the labor market normalizing, the risks to the economy have become “two-sided,” bu[...]
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US government debt trajectory to push long-term yields higher, says PIMCO
NEW YORK (Reuters) – Bond investors are expected to pocket higher debt payouts for holding long-term U.S. government debt due to its wide fiscal deficits, U.S. bond giant PIMCO warned on Thursda[...]
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US approves E15 gasoline sales expansion in Midwest starting 2025
By Stephanie Kelly NEW YORK (Reuters) -The U.S. government said on Thursday it approved a request from Midwestern governors allowing expanded sales of gasoline with higher blends of ethanol in their s[...]
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Nvidia fuels global stock records, bond yields rise
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia’s stunning results sparked a worldwide wave of record highs in equity markets on Thursday, including the first new p[...]
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Records shatter as global stocks boom
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia could not be going into Friday’s trading in more bullish spirits as the U.S.-led surge in mega tec[...]
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Pioneer Natural reports strong FY production as Exxon takeover looms
(Reuters) – Pioneer Natural Resources on Thursday reported 2023 production that exceeded its prior forecast, as the U.S. shale producer works to close its about $60 billion purchase by oil major[...]
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Oil settles higher as pressure mounts in the Middle East
By Georgina McCartney HOUSTON (Reuters) -Oil futures settled higher on Thursday as hostilities continued in the Red Sea with Iran-aligned Houthis stepping up attacks near Yemen, but a large build in U[...]
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