Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
US Commerce Dept removes Chinese agency from entity list
WASHINGTON (Reuters) -The U.S. Commerce Department said on Thursday it has removed the Chinese Ministry of Public Security's Institute of Forensic Science from its entity list in a bid to convince Bei...
Nov 16, 2023
US weekly jobless claims rise more than expected
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, suggesting that labor market conditions continued to ease, which coul...
Nov 16, 2023
Emerging markets to gain from Fed easing, better growth prospects: Amundi's Berardi
By Anisha Sircar (Reuters) - Europe's largest fund manager, Amundi's investment institute, expects emerging markets (EM) to benefit next year from better economic prospects than developed markets, and...
Nov 16, 2023
Starbucks employees at hundreds of US stores walkout on Red Cup day
By Granth Vanaik (Reuters) -Workers at hundreds of Starbucks stores have begun walking off their jobs during a key promotional event on Thursday, demanding improved staffing and schedules, the Workers...
Nov 16, 2023
BlackRock woos investors for ethereum trust to further crypto push
(Reuters) - Asset management giant BlackRock on Thursday began courting public investors for an ethereum trust, doubling down on its cryptocurrency bets amid potentially easing regulations over such i...
Nov 16, 2023
Cisco slumps after cutting annual profit, revenue forecasts
(Reuters) - Cisco tumbled 11% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in its mainstay networking equipment business. The...
Nov 16, 2023
Systematic hedge funds pummeled in post-U.S. CPI stocks rally – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) - Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked...
Nov 16, 2023
Cyberattack on ICBC’s US unit to not have material impact on parent bank – Fitch
(Reuters) - Ratings agency Fitch on Thursday said the recent cyberattack at ICBC Financial Services will not have a material impact on its Chinese parent, although it highlights growing threats to glo...
Nov 16, 2023
Macy’s posts strong quarterly profit on margin improvement, shares surge
(Reuters) -Macy's on Thursday beat quarterly profit well above Wall Street estimates as the department store's margins benefited from improved inventories and lower freight costs, sending its shares s...
Nov 16, 2023
Roboadvisor Wealthfront reaches $50 billion in client assets
By Hannah Lang (Reuters) - Digital wealth management provider Wealthfront, a pioneer in automated investing, now oversees more than $50 billion in assets and is set to grow revenue by more than 140% t...
Nov 16, 2023
