By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia hoping for some relief from surging U.S. bond yields and a rampant dollar would have been deflated by re[...]
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April 16, 2024
Fed’s Powell says restrictive rates policy needs more time to work
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Top U.S. central bank officials including Federal Reserve Chair Jerome Powell backed away on Tuesday from providing any guidance on when[...]
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Trump Media shares tank after filing shows more stock may be sold
By Echo Wang (Reuters) -Shares of Donald Trump’s social media company slumped 18% on Monday, extending losses since the stock’s debut last month, after the company said it could sell milli[...]
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Oil prices flat as economic headwinds counter Mideast supply fears
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled marginally lower on Tuesday after economic headwinds pressured investor sentiment, curbing gains from geopolitical tensions with eyes on Isr[...]
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Analysis-US bond repricing marks brief setback for hedge funds’ basis trade
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) – Hedge funds have reduced bearish bets in U.S. Treasuries after a change in market expectations for interest rate cuts this year, but t[...]
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Meta oversight board reviews handling of AI-created celebrity porn
By Katie Paul NEW YORK (Reuters) – Meta Platforms’ Oversight Board is reviewing the company’s handling of two sexually explicit AI-generated images of female celebrities that circula[...]
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Big banks led by Citi continue to trim staff to cut costs
By Niket Nishant and Manya Saini (Reuters) -U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop. Headcount at Citi declined by 2,000 employees[...]
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BMO chief says US economy improving, calls California ‘a strategically important market’
TORONTO (Reuters) – The U.S. economy was showing signs of stronger than expected growth, with California being a strategically important market, said the head of Bank of Montreal, which has rapi[...]
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Dollar hits 5-month high against euro; yen weakest since 1990
By Karen Brettell NEW YORK (Reuters) -The dollar reached a five-month high against the euro on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank may need to keep rates highe[...]
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