U.S. Investors Retreat From Equity Funds on Rate Cut Uncertainty

(Reuters) – U.S. investors were net sellers of equity funds in the week to Feb. 21 as stubborn inflation reduced expectations the Federal Reserve would deliver a rates cut soon. They sold U.S. equity funds worth about $4.86 billion on a net basis during the week in contrast to about $7.82 billion in net purchases […]

Moderna Reports Surprise Profit, Sets Out Road Map for RSV Vaccine

By Patrick Wingrove and Leroy Leo (Reuters) -Moderna on Thursday reported a surprise fourth-quarter profit, helped by cost cutting and deferred payments, and set out a commercial roadmap for its vaccines in Europe and experimental respiratory syncytial virus (RSV) shot. Shares jumped 8% to $94.65 in early trading, still well off the record high of […]

Walgreens drops after losing spot in blue-chip Dow index

By Manas Mishra and Amruta Khandekar (Reuters) -Shares of Walgreens Boots Alliance fell 3% on Wednesday after the U.S. pharmacy chain operator lost its spot on the Dow Jones Industrial Average to Amazon, marking an end to a short stint for the blue-chip index’s worst performer of 2023. The replacement comes less than two months […]

Price-conscious shoppers lift Walmart earnings as it preps $2.3 billion Vizio deal

By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Walmart kicked off U.S. retailers’ reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocked to its stores, and said it would buy smart-TV maker Vizio for $2.3 billion. Shares of the retail giant rose as much as 6.5% to an all-time high of […]

Factbox-What a second Trump presidency could mean for US energy policy

WASHINGTON (Reuters) – Former U.S. President Donald Trump would seek to undo much of the Biden administration’s work to fight climate change if he returns to office after November’s election, and launch new efforts to expand fossil fuel production, according to Republican policy experts and Trump’s campaign website. Here are some of the likely moves: […]

AI firms surge after chip giant Nvidia discloses stake

By Medha Singh (Reuters) -Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally showed Nvidia’s growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable […]

Robinhood Surges on Promise of ‘Profitable Growth’ in 2024 After Q4 Beat

By Manya Saini (Reuters) -Robinhood shares surged to their highest in nearly two years on Wednesday, after the brokerage said it was aiming to expand margins while being focused on driving ‘profitable growth’ this year having reported a surprise quarterly profit. Retail-investor driven Robinhood’s stock was last up 14% in morning trading. It crushed Wall […]

Pharmaceutical Group’s Lawsuit Over Medicare Drug Price Program Dismissed

By Nate Raymond (Reuters) -A federal judge on Monday dismissed a lawsuit by a major pharmaceutical industry trade association challenging a new program that allows Medicare to negotiate prices with drug companies for selected costly drugs. U.S. District Judge David Ezra in Austin, Texas, sided with President Joe Biden’s administration in dismissing a lawsuit by […]

    Newsletter

    U.S. Investors Retreat From Equity Funds on Rate Cut Uncertainty

    February 23, 2024

    (Reuters) – U.S. investors were net sellers of equity funds in the week to Feb. 21 as stubborn inflation reduced expectations the Federal Reserve would deliver a rates cut soon. They sold U.S. equity funds worth about $4.86 billion on a net basis during the week in contrast to about $7.82 billion in net purchases […]
    Read More