By Elvira Pollina ROME (Reuters) – U.S. investment firm KKR will likely offer remedies next week in an attempt to secure EU antitrust approval to buy Telecom Italia’s (TIM) fixed-line acce[...]
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May 15, 2024
Global corporate defaults doubled from March to April, S&P finds
By Matt Tracy (Reuters) – Global corporate debt defaults more than doubled in April from March to their highest monthly tally since October 2020, according to a report from S&P Global Rating[...]
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Bridgewater piled into Mag Seven stocks in Q1 but spurned Tesla – filings
By Carolina Mandl NEW YORK (Reuters) – Bridgewater Associates piled into six of the so-called Magnificent Seven megacap U.S. stocks in the first quarter, making an $800 million bet on Google-par[...]
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US consumer inflation resumes downward trend as domestic demand cools
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a[...]
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US Lawmakers seek $32 billion to keep American AI ahead of China
By David Shepardson and Alexandra Alper WASHINGTON (Reuters) -A bipartisan group of senators, including Majority Leader Chuck Schumer, on Wednesday called on Congress to approve $32 billion in funding[...]
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Dollar swoons after data suggests rate cut in September
By Herbert Lash NEW YORK (Reuters) -The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second quarter, rais[...]
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Tyson Foods unsure when tight US cattle supplies will expand, CEO says
By Tom Polansek CHICAGO (Reuters) – Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight s[...]
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Oil rebounds, gains 1% after US crude draw, lukewarm inflation data
By Scott DiSavino NEW YORK (Reuters) – Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced bullish U.S. economic and crude storage data agains[...]
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Renaissance Technologies, Two Sigma among funds that dumped Boeing in first quarter
By David Randall NEW YORK (Reuters) – Renaissance Technologies, Two Sigma Investments and Arrowstreet Capital were among large firms that sold all their shares of embattled aircraft maker Boeing[...]
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