By Sinéad Carew and Chibuike Oguh NEW YORK (Reuters) -The closely watched global equities index advanced on Friday, ending a volatile week unchanged after starting it with a massive sell-off, while th[...]
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August 9, 2024
Stellantis to lay off up to 2,450 factory workers as classic Ram production ends
By Nora Eckert DETROIT (Reuters) – Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends product[...]
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Hedge funds pile into bearish Japanese stock bets, bank says
By Carolina Mandl NEW YORK (Reuters) – Hedge funds added bearish bets in Japanese stocks at the fastest pace in over five years for a week between Aug. 2 and Aug. 8, as the Nikkei on Aug. 5 face[...]
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Smartmatic executives charged with bribing Philippine official for voting tech contracts
By Jack Queen (Reuters) -Three executives of voting technology company Smartmatic have been charged with funneling $1 million in bribes to a former Philippine election official to secure the country’s[...]
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Leveraged funds’ yen net short position shrinks on carry trade unwind
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Leveraged funds’ position on the Japanese yen shrank to the smallest net short stance since February 2023 in the latest week, U.S. Commodity Futures Trad[...]
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Short bets in five-year Treasury futures largest on record, CFTC says
(Reuters) -Speculators raised their net short bets on five-year Treasuries to the largest on record in the latest week, while bearish bets on 10-year Treasury futures were the largest since February,[...]
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Expedia jumps as optimism over profit beat overrides demand warning
By Kannaki Deka (Reuters) -Expedia shares jumped more than 8% on Friday as markets cheered the online travel agency beating quarterly profit estimates, even as it joined other travel companies in warn[...]
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Netflix teams up with CBS Sports to produce Christmas Day NFL games
(Reuters) – Paramount Global owned CBS Sports will produce the two National Football League (NFL) games set to be aired on Netflix on Christmas Day this year, the video streaming platform said o[...]
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Oil posts 3% weekly gains on positive economic data, rate cut hopes
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut intere[...]
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