PALO ALTO, California (Reuters) – The U.S. Federal Reserve should beef up its quarterly “dot plot” of policymakers’ interest-rate-path views by including the individual economi[...]
Read more
May 3, 2024
Stocks jump, yields drop as Fed cut hopes bloom
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Res[...]
Read more
Wall St ends sharply higher, jobs data strengthens case for rate cuts
By Stephen Culp NEW YORK (Reuters) -Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also prov[...]
Read more
At Berkshire Hathaway meeting, Warren Buffett to field questions on growth, dividend and succession
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) – Warren Buffett takes center stage in Omaha for Berkshire Hathaway’s annual shareholder meeting on Saturday, as investors si[...]
Read more
Google trial wraps up as judge weighs landmark US antitrust claims
By Mike Scarcella WASHINGTON (Reuters) -Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related[...]
Read more
China’s Zeekr seeks up to $5.13 billion valuation in US IPO
(Reuters) -Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering (IPO), the first major flo[...]
Read more
Paramount will let exclusive talks with Skydance lapse, NYT reports
(Reuters) – Paramount Global will end its exclusive negotiations with Skydance Media without reaching a deal, the New York Times reported on Friday, citing people familiar with the matter. Share[...]
Read more
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
(Reuters) – Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday. Those shares were equivalent[...]
Read more
Exxon to take 18-24 months to hit full stride with Pioneer purchase
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil will take 18 to 24 months to achieve its full production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources, t[...]
Read more