NEW YORK (Reuters) – Recent appreciations of the dollar and gold are “anomalies” and the greenback should not be so strong due to the U.S. deficit, Co-Chief Investment Officer at Bri[...]
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April 3, 2024
Levi Strauss raises profit forecast on cost saving initiatives, fewer discounts
By Granth Vanaik and Katherine Masters (Reuters) -Levi Strauss raised its annual profit forecast on Wednesday, citing the apparel maker’s recent cost savings from job cuts and less aggressive di[...]
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Exxon Mobil signals weaker oil and gas prices to hit first-quarter profit
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil on Wednesday signaled first-quarter operating results would drop over the prior quarter on weaker oil, gas prices and a big loss in fuel derivati[...]
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Powell sticks with Fed’s cautious rate-cut strategy
By Howard Schneider and Abhirup Roy STANFORD, California (Reuters) -Federal Reserve officials including U.S. central bank chief Jerome Powell on Wednesday continued focusing on the need for more debat[...]
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Oil settles at 5-month high, gains capped by jump in US crude stocks
By Shariq Khan NEW YORK (Reuters) -Oil prices settled at their highest levels since October on Wednesday on investor concerns about supply disruptions due to conflict in the Middle East, although a ju[...]
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Google plans to charge for AI-powered search engine, FT reports
(Reuters) – Alphabet’s Google is considering charging for premium features on its generative AI-powered search engine, the Financial Times reported on Wednesday, citing people familiar wit[...]
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US FDA approves Basilea Pharmaceutica’s antibiotic
By Sriparna Roy and Unnamalai L (Reuters) -The U.S. health regulator approved Basilea Pharmaceutica’s antibiotic for bacterial infections including multidrug-resistant strains, the FDA said on W[...]
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Morning Bid: Bond selloff pauses on Powell, dollar wilts
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A pause in the global bond market selloff, stabilization on Wall Street and a softer dollar should all help support Asian[...]
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OPEC+ keeps output policy steady as oil nears $90 a barrel
By Alex Lawler, Ahmad Ghaddar, Olesya Astakhova and Maha El Dahan LONDON/MOSCOW/DUBAI (Reuters) -A meeting of top OPEC+ ministers kept oil supply policy unchanged and pressed some countries to increas[...]
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