By Gertrude Chavez-Dreyfuss and Dan Burns NEW YORK (Reuters) – The New York Federal Reserve said it accepted $316.246 billion submitted to its overnight reverse repo facility on Monday, the lowe[...]
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August 5, 2024
Palantir raises annual forecasts on GenAI strength; shares surge
By Arsheeya Bajwa (Reuters) -Palantir Technologies raised its annual revenue and profit forecast for the second time this year on Monday, the latest sign that the generative AI boom is driving demand[...]
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Teamsters Canada, rail companies agree to restart contract talks, minister says
(Reuters) – Teamsters Canada, Canadian National Railway and Canadian Pacific Kansas City have agreed to restart stalled contract negotiations along with federal mediators, Minister of Labor Stev[...]
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Fed’s Daly: more confident inflation is on path to 2%
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday said she is “more confident” U.S. inflation is headed toward the Fed’s 2% goal. “It’s[...]
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US bond rally overdone but Fed should have cut rates in July, BlackRock manager says
By Davide Barbuscia NEW YORK (Reuters) – A recent U.S. Treasuries rally, fueled by expectations of significantly lower interest rates, is overdone as the economy’s resilience may make it u[...]
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Nasdaq, S&P 500 fall 3% each amid US recession fears, Apple drop
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended with steep losses on Monday, leaving the Nasdaq and S&P 500 down at least 3% each as the market extended last week’s sell-off a[...]
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Morgan Stanley says SEC seeking details on advisory account cash balances
(Reuters) -Morgan Stanley said on Monday it had received requests from the enforcement division of the U.S. securities regulator regarding advisory account cash balances swept to affiliate bank deposi[...]
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Unwind of 2024’s winning trades batters global markets as growth fears spike
By Lewis Krauskopf and David Randall (Reuters) -From massive U.S. tech stocks to bitcoin, a spasm of economic worries is forcing an unwind of the year’s most popular trades, leaving investors to deter[...]
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Simon Property Group lowers annual forecast for net income, misses second-quarter FFO
(Reuters) – Simon Property Group lowered annual forecast for net income and missed second-quarter estimates for funds from operations (FFO) on Monday. Demand for Real Estate Investment Trusts (R[...]
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