Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
US consumers’ moods brighten as inflation worries subside – UMich
(Reuters) -U.S. consumer sentiment perked up much more than expected in December, snapping four straight months of declines, as households saw inflation pressures easing, a survey showed on Friday. Th...
Dec 08, 2023
Activist investor Elliott says Crown Castle CEO exit step in ‘right direction’
(Reuters) - Activist investor Elliott Investment Management said on Friday that the exit of Crown Castle CEO Jay Brown, who will be leaving in January, was a step in the "right direction" but more cha...
Dec 08, 2023
Canada financial regulator maintains banks’ domestic stability buffer at 3.5%
OTTAWA (Reuters) - Canada's financial regulator on Friday said it was maintaining the amount of capital the country's biggest lenders must hold, saying its previous actions had bolstered the big six b...
Dec 08, 2023
Column-Praying for ‘soft landing’ of $1 trln basis trade :McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - Hedge funds look to be scaling down their record short position in U.S. Treasury futures, marking the beginning of the end of the so-called 'basis trade'...
Dec 08, 2023
US November payrolls growth hurts case for early ’24 Fed cuts
NEW YORK (Reuters) - U.S. job growth accelerated in November and the unemployment rate dropped to 3.7% even as more people entered the labor force, pointing to underlying strength in the labor market....
Dec 08, 2023
Traders see March start to Fed rate cuts less certain after jobs data
(Reuters) - Traders of short-term U.S. interest-rate futures on Friday pared bets the Federal Reserve will start cutting interest rates in March, and now see a May start to rate cuts more likely after...
Dec 08, 2023
FTC seeks more information on $53 billion Chevron-Hess deal
(Reuters) - The U.S. Federal Trade Commission has sent a second request to Chevron and Hess, for additional information and documentary materials related to their $53 billion deal, the companies said ...
Dec 08, 2023
Axel Springer to close Upday in shift towards AI-based news
BERLIN (Reuters) - Axel Springer is shutting down the news outlet Upday, the German publishing giant said on Friday, in plans to revive the brand as a "trend news generator" driven by artificial intel...
Dec 08, 2023
Tesla must respect collective bargaining rights, Norway's sovereign wealth fund says
By Terje Solsvik OSLO (Reuters) - U.S. auto maker Tesla Inc should respect fundamental labour rights, including that of collective bargaining by labour unions, Norway's $1.5 trillion sovereign wealth ...
Dec 08, 2023
Investors pile into cash, Japan equity funds see outflows - BofA
LONDON (Reuters) - Cash funds saw a mammoth $93.2 billion of inflows in the week to Wednesday, Bank of America Global Research strategists said in a report, the largest inflow since March 2023, as hig...
Dec 08, 2023
