Reuters US Business

(Reuters) – Australia’s Macquarie is set to shutter its U.S. debt capital markets arm, as it plans to focus its resources on private credit, Bloomberg News reported on Wednesday, citing unnamed sources with knowledge of the matter. Bloomberg said the move would impact roughly 80 jobs, with some of the affected employees transitioning to new …

Australia’s Macquarie to wind down US debt capital markets arm, Bloomberg reports Read More »

WASHINGTON (Reuters) – U.S. services sector activity unexpectedly slowed in January amid cooling demand, helping to curb price growth. The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers index (PMI) slipped to 52.8 last month from 54.0 in December. Economists polled by Reuters had forecast the services PMI edging up to …

US services sector cools in January; price pressures abate Read More »

(Reuters) – Engineering solutions provider Emerson topped first-quarter profit estimates on Wednesday, fueled by resilient demand in its valves and regulators unit. Demand for Emerson’s industrial components has surged as companies increase their energy and power investments. Sales in Emerson’s final control unit, which makes valves, regulators and actuators, rose about 4% to $976 million …

Emerson beats quarterly profit estimates on strong industrial components demand Read More »

WASHINGTON (Reuters) – U.S. private payrolls growth picked up in January, the ADP National Employment Report showed on Wednesday. Private payrolls increased by 183,000 jobs last month after an upwardly revised 176,000 rise in December. Economists polled by Reuters had forecast private employment advancing by 150,000 following a previously reported 122,000 gain in December. The …

US private payrolls growth picks up in January Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan As the week’s tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again – clouded by a poor reception for Alphabet’s results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan. U.S. stock futures …

Morning Bid: Alphabet flubs, Yen surges, China returns Read More »

(Reuters) – Morgan Stanley joined Barclays and Macquarie in forecasting a single 25 basis point interest rate cut by the U.S. Federal Reserve this year, citing uncertainty from President Donald Trump’s tariff policy. The Wall Street brokerage had previously said it expected two 25 bps rate cuts in March and June. Peers Goldman Sachs and …

Morgan Stanley revises Fed rate cut forecast amid tariff uncertainty Read More »