By Sheila Dang HOUSTON (Reuters) -When Chevron executives and top shareholders convene in New York City on Wednesday for the oil producer’s investor day, portfolio managers will be eager to hear CEO Mike Wirth’s plan to finally reap rewards from the Hess acquisition and begin a new phase of growth. The event is lining up …
Chevron investor day puts spotlight on post-Hess strategy Read More »
By David Shepardson and David Ljunggren WASHINGTON (Reuters) -Hundreds of thousands of travelers had their flights delayed or canceled on Sunday in the worst day for disruptions since the start of a U.S. government shutdown, as Transportation Secretary Sean Duffy warned of worse to come in the run-up to the Thanksgiving holiday. Airlines canceled more …
US flight delays, cancellations accelerate as air traffic controller shortages surge Read More »
(Reuters) -Legal artificial intelligence company Clio said on Monday it has raised $500 million in a funding round led by New Enterprise Associates (NEA), valuing the company at $5 billion. The funding comes as demand for AI tools that automate professional and office work grows, with firms looking to streamline routine tasks, reduce costs, and …
Legal AI firm Clio valued at $5 billion in latest funding round Read More »
By Divya Rajagopal and Pooja Menon (Reuters) -Barrick Mining on Monday raised its dividend and expanded its share buyback program after reporting an adjusted quarterly profit that beat estimates, as stronger gold prices helped offset a decline in production. The Canadian miner’s interim CEO Mark Hill told Reuters that its focus in the future will …
Barrick hikes dividend, shifts focus to North America as gold prices bolster profit Read More »
NEW YORK (Reuters) -Visa and Mastercard have reached a revised settlement with merchants who accused the card networks of charging too much to accept their credit cards, according to a Monday court filing. The proposed settlement was disclosed in a letter filed in Brooklyn federal court by a lawyer for some of the plaintiffs. (Reporting …
Visa, Mastercard reach revised swipe fee settlement, court filing shows Read More »
By Nell Mackenzie and Anirban Sen LONDON (Reuters) -Hedge funds including stock traders have returned more than 13% in 2025 to the end of October, just ahead of many of the biggest multi-strategy hedge funds, according to a Goldman Sachs report and sources familiar with each of the funds. In October, hedge fund stock pickers …
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Just as U.S. households were fretting about the effect on travel and the wider economy of the longest-ever government shutdown, the U.S. Senate on Sunday finally began the process of re-opening Washington, spurring a rally in U.S. …
By Isla Binnie and Sabrina Valle NEW YORK (Reuters) -KKR has struck a deal to sell aerospace and defense hardware maker Novaria Group to industrials-focused private equity firm Arcline Investment Management for $2.2 billion, the company and the seller told Reuters on Monday. KKR took control of Fort Worth, Texas-based Novaria in early 2020, and …
KKR sells aerospace parts firm Novaria Group to Arcline for $2.2 billion Read More »
By Matt Tracy (Reuters) -Members of the New York real estate industry have been bracing for the ripple effects of Zohran Mamdani’s affordability and housing policies and are now seeking to engage with the New York City mayor-elect as he attempts to freeze rent and spur development in the city. The real estate industry has …
By Nell Mackenzie LONDON (Reuters) -Hedge funds’ economic optimism faded last week and their exposure to companies that depend on consumer spending power such as hotels and restaurants fell to five-year lows, according to a Goldman Sachs note seen by Reuters on Monday. Companies selling products that consumers like to have but don’t necessarily need …
Funds cut consumer stocks to global pandemic lows, Goldman data shows Read More »
