By Rajesh Kumar Singh and Allison Lampert CHICAGO (Reuters) – Southwest Airlines is girding itself for a fight with Elliott Investment Management, rallying support from investors and employees t[...]
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August 19, 2024
Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted las[...]
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Canada’s Couche-Tard confirms buyout offer for Japan’s Seven & i
(Reuters) – Canada’s Alimentation Couche-Tard confirmed on Monday it has made an offer to buy Japan’s Seven & i. The 7-Eleven owner had said earlier on Monday it had received a p[...]
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Physical Copper Buyers Take a Hit: Demand Still High?
By Pratima Desai LONDON (Reuters) – Investors fleeing the copper market are likely to be sidelined for many months, leaving the field clear for physical players who expect demand in top consumer[...]
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Fed’s Kashkari says appropriate to debate Sept rate cut, WSJ reports
(Reuters) -Minneapolis Fed President Neel Kashkari said it was appropriate to discuss potentially cutting U.S. interest rates in September because of the rising possibility of a weakening labor market[...]
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Morning Bid: Greenback in the red as Jackson Hole looms
A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed’s Jackson H[...]
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Hedge funds sell planes, trains, automobiles; buy energy stocks, says Goldman
By Nell Mackenzie LONDON (Reuters) – Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week, a Goldman Sachs not[...]
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Trend-following hedge funds returning to Japanese equities, J.P.Morgan says
By Summer Zhen HONG KONG (Reuters) – Trend-following hedge funds reversed their bearish views on Japanese stocks and started buying them late last week, J.P.Morgan analysts said in a note. Such[...]
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X says it is closing operations in Brazil due to judge’s content orders
By Luana Maria Benedito SAO PAULO (Reuters) -Media platform X said on Saturday it would close its operations in Brazil “effective immediately” due to what it called “censorship order[...]
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