Reuters | September 29, 2022
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. The pound posted its largest one-day percentage gain since March 2020 and last traded at $1.1076, up […]
Reuters | September 29, 2022
By Arriana McLymore (Reuters) -Bed Bath & Beyond Inc on Thursday said it is seeing early signs that efforts to clear excess inventory are working and it expects its cash flow to break even in the fourth quarter, even as it reported a bigger-than-expected second-quarter loss. “Of the owned brand inventory that we targeted and […]
Reuters | September 28, 2022
By Indradip Ghosh BENGALURU (Reuters) -The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal rate, according to economists polled by Reuters. That change in expectations came after the Fed raised rates by 75 basis points […]
Reuters | September 27, 2022
AMSTERDAM (Reuters) -Just Eat Takeaway.com NV, Europe’s largest online food ordering and delivery company, said on Tuesday it expected to make an underlying profit in the second half of 2022, sooner than previously forecast. The company’s shares jumped by 10% to 15.74 euros in Amsterdam shortly after the announcement. Just Eat said in a statement […]
Reuters | September 23, 2022
By David French (Reuters) – Wall Street’s main indexes slumped to close well down on Friday, as rattled investors continued repositioning themselves to reflect fears the U.S. Federal Reserve’s hawkish rate policy to curb inflation will push the American economy into recession. The Dow narrowly avoided ending more than 20% lower than its Jan. 4 […]
Reuters | September 22, 2022
By Svea Herbst-Bayliss (Reuters) -Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl’s Corp, is now pushing for the removal of the U.S. retailer’s chief executive and board chairman, according to a letter sent to the company on Thursday. The move marks the beginning of a new round […]
Reuters | September 20, 2022
By David Gaffen NEW YORK (Reuters) -Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation. The U.S. Federal Reserve is likely to raise interest rates by another 75 basis points on Wednesday to rein in inflation. Those […]
Reuters | September 18, 2022
By Lewis Krauskopf NEW YORK (Reuters) -A tough year in markets is leading some investors to seek refuge in cash, as they capitalize on higher interest rates and await chances to buy stocks and bonds at cheaper prices. The Federal Reserve has roiled markets in 2022 as it implements huge rate hikes in an effort […]
Reuters | September 16, 2022
By Kate Abnett BRUSSELS (Reuters) -Industry groups have warned the European Union’s package of emergency measures to bring down energy costs does not go far enough, and they urge Brussels to do more to tame gas prices. The European Commission on Wednesday proposed cuts in electricity use and applying windfall-profit levies on energy firms, which […]
Reuters | August 31, 2022
By Huw Jones and Koh Gui Qing NEW YORK (Reuters) – World stocks fell again on Wednesday, as expectations that central banks on both sides of the Atlantic will likely raise borrowing costs again next month soured sentiment and stoked recession fears, which dragged oil prices below $90 a barrel. Wall Street struggled to hang […]