Reuters | August 27, 2024
NEW YORK (Reuters) – Walmart said on Tuesday it would provide marketplace sellers its services to handle transportation of their goods from Asia directly to its U.S. warehouses, as well as fulfill orders and manage returns from any e-commerce website, in a new approach to bolstering its marketplace business ahead of the holiday season. Walmart’s […]
Reuters | August 25, 2024
By Noel Randewich (Reuters) – A look at the day ahead in Asian markets by Noel Randewich. Asia investors will digest the near certainty of a September loosening of U.S. monetary policy on Monday after a speech by U.S. Federal Reserve Chair Jerome Powell on Friday confirmed that the United States is ready to begin […]
Reuters | August 19, 2024
(Reuters) – Shares of some mpox vaccine and drug developers jumped sharply on Monday in premarket trading, putting them on track to extend gains from last week as concerns over an outbreak of the virus rise. Shares of GeoVax Labs and Tonix Pharmaceuticals led the gains. Both the companies, which have a combined market capitalization […]
Reuters | August 15, 2024
ZURICH (Reuters) -UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets. The fund, which holds four-fifths of its assets in offices, had faced investor redemption requests but the […]
Reuters | August 14, 2024
By Laura Matthews (Reuters) -The dollar softened against its major peers on Wednesday, helping the euro to a near eight-month peak, as the U.S. consumer price index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. U.S. CPI rose moderately in July and the annual increase in inflation slowed to […]
Reuters | August 11, 2024
By David Randall NEW YORK (Reuters) – A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in U.S. stocks. Following months of placid trading, U.S. stock volatility has surged this month as a run of alarming […]
Reuters | August 7, 2024
(Reuters) – U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan vehicles over reports of an issue with the steering tie rod, it said on Wednesday. The National Highway Traffic Safety Administration said the probe would involve Nissan’s 2021 Rogue crossover models, adding that it launched the investigation after reports of inner […]
Reuters | August 5, 2024
By Hannah Lang and Saqib Iqbal Ahmed NEW YORK (Reuters) -A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index, which tracks the […]
Reuters | August 2, 2024
By Allison Lampert (Reuters) -Boeing’s incoming boss, Kelly Ortberg, faces a herculean task when he starts next week – restoring the might of a U.S. corporate powerhouse rocked by multiple crises. The former Rockwell Collins boss is returning from retirement to head the 108-year-old U.S. planemaker, which is bleeding cash and beset by companywide problems expected […]
Reuters | July 31, 2024
By Harshita Mary Varghese (Reuters) -T-Mobile US raised its full-year forecast for monthly bill-paying phone subscriber additions, after seeing more customers than expected in the second quarter on strong demand for its discounted unlimited plans that include streaming perks. Shares of the company rose 3.6% at midday on Wednesday. American wireless carriers have been bundling […]
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