Author Archives: Syndicated Content
Morning Bid: Rate-cut hopes meet Mid-East risks
A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. Not for the first time, financial markets are reminded why it's never a good idea to get too far ahead. So, while Federal Reserv...
Aug 26, 2024
Nvidia Q2 sales likely to double, even a slight miss may hurt shares
By Arsheeya Bajwa (Reuters) - Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled. But investors used to its blockbuster results will be expecting even more from ...
Aug 26, 2024
Bank of Israel to keep rates on hold in contrast to expected Fed, ECB cuts : Reuters poll
By Steven Scheer JERUSALEM (Reuters) - The Bank of Israel (BoI) will keep short-term interest rates unchanged for a fifth straight meeting on Wednesday, with economists uncertain over the timing of a ...
Aug 26, 2024
Exxon forecasts 2050 oil demand to match today's, 25% above BP estimate
By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today's levels, a forecast 25% higher t...
Aug 26, 2024
Nigeria's GDP growth rises to 3.19% year on year in Q2
ABUJA (Reuters) - Nigeria's economy grew 3.19% year on year in the second quarter of 2024, statistics agency data showed on Monday. The growth rate was quicker than the 2.51% growth recorded in the se...
Aug 26, 2024
US core capital goods orders dip in July
WASHINGTON (Reuters) - New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in business spending o...
Aug 26, 2024
Trudeau says Canada to impose 100% tariff on Chinese EVs
OTTAWA (Reuters) - Prime Minister Justin Trudeau said on Monday that Canada will impose a 100% tariff on the import of Chinese electric vehicles. Ottawa will also impose a 25% tariff on imported steel...
Aug 26, 2024
Harris puts housing at center of economic pitch to US voters
By Andy Sullivan WASHINGTON (Reuters) - Democratic presidential nominee Kamala Harris is promising to build more housing as the centerpiece of an effort to tackle rising costs that have stressed U.S. ...
Aug 26, 2024
OpenAI supports California AI bill requiring 'watermarking' of synthetic content
By Anna Tong SAN FRANCISCO (Reuters) - ChatGPT developer OpenAI is supporting a California bill that would require tech companies to label AI-generated content, which can range from harmless memes to ...
Aug 26, 2024
Diagnostics firm Labcorp weighs ramp up of mpox testing capacity
(Reuters) -Diagnostics firm Labcorp said that it was working with U.S. health regulators to monitor the mpox outbreak and has the capacity to significantly increase testing in the country if needed. T...
Aug 26, 2024
