Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
History shows strong 2023 could keep US stocks on path for 2024 gains
By Lewis Krauskopf NEW YORK (Reuters) - The U.S. stock market's hefty gains in 2023 could provide a lift for equities next year, if history is any guide. Hours before the closing bell in the last sess...
Dec 29, 2023
US overnight funding rate hits record high amid year-end volatility
By Davide Barbuscia NEW YORK (Reuters) - A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since ...
Dec 29, 2023
Judge certifies Johnson & Johnson shareholder class action over talc disclosures
By Jonathan Stempel NEW YORK (Reuters) - A federal judge said Johnson & Johnson shareholders may pursue as a class action their lawsuit accusing the company of fraudulently concealing how its talc pro...
Dec 29, 2023
Explainer-Charting the Fed’s economic data flow
(Reuters) - The final month of 2023 featured a rush of data about the health of the U.S. economy and the state of price increases that a number of Federal Reserve officials saw as reassuring signs tha...
Dec 29, 2023
Fuel maker XCF Global Capital to go public in $1.75-billion SPAC deal
(Reuters) - XCF Global Capital has agreed to go public via a merger with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition, in a deal that values the sustainable fuels producer a...
Dec 29, 2023
Gold to enter 2024 with sights set on record highs
By Deep Kaushik Vakil (Reuters) - Gold investors anticipate record high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates, continued geopolitical risk, and central bank ...
Dec 29, 2023
Russian economy shrank by 1.2% in 2022, less than previously thought – stats service
MOSCOW (Reuters) - Russia's economy contracted by 1.2% last year, less than the 2.1% decline previously estimated, the state statistics service Rosstat said on Friday. Western countries imposed sweepi...
Dec 29, 2023
BuzzFeed president Marcela Martin to resign
(Reuters) - BuzzFeed's Marcela Martin has announced her intention to resign as president effective Jan. 12 to pursue other opportunities, the digital media firm said on Friday. The company is unlikely...
Dec 29, 2023
Heads of EU issue joint call for stronger euro, capital markets union
BERLIN (Reuters) - The heads of European Union institutions called for a strengthened euro and progress towards a capital markets union in a joint appeal that was published by Germany's Funke Media Gr...
Dec 29, 2023
DBS to raise stake in China’s Shenzen Bank
(Reuters) - DBS Group Holdings said on Friday it was raising its stake in China's Shenzen Rural Commercial Bank in a S$376 million ($284.72 million) deal, as it looks to tap into growing opportunities...
Dec 29, 2023
