By Lewis Krauskopf NEW YORK (Reuters) – As investors seek assets that will shine under a Donald Trump presidency, one corner of the U.S. stock market expected to benefit from the Republican’s policies has been stumbling. Shares of smaller U.S. companies have been under pressure, with the small-cap Russell 2000 last week marking a 10% …
Small caps lose Trump bump as rising rates sap strength Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Salvos from a Federal Reserve governor and the incoming Treasury Secretary helped nail down this week’s inflation-inspired retreat in worrisome U.S. Treasury yields before Donald Trump’s inauguration as president on Monday. The reversal of the year’s rise in U.S. yields and …
Morning Bid: Waller and Bessent help peg back Treasury yields Read More »
By Pesha Magid RIYADH (Reuters) – Chile’s Codelco, the world’s largest copper producer, is in talks with Saudi Arabia over potential joint investments in the metal, the company’s chairman told Reuters in an interview on Friday. On Codelco’s output, Chairman Maximo Pacheco said the company’s own production for 2025 was expected to rise by about …
Codelco, Saudi in talks on copper investment, 2025 output seen up Read More »
(Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said in an interview published in the Wall Street Journal on Friday that inflation remained a problem. “We still have an inflation problem. We still have a rate-of-change problem that we need to address,” Hammack told the Journal. (Reporting by Rishabh Jaiswal in Bengaluru; Editing …
Fed’s Hammack says inflation remains a problem, WSJ reports Read More »
(Reuters) – Demand for global equity funds declined sharply in the week through Jan. 15, as U.S. Treasury yields rose and expectations for the Federal Reserve’s interest rate cuts fell following a robust jobs report. Global equity funds witnessed just $37.79 million worth of net purchases during the week, the smallest weekly buying since Dec. …
Global equity funds see drop in demand on rising US Treasury yields Read More »
By David Lawder WASHINGTON (Reuters) -President-elect Donald Trump’s pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world’s reserve currency, the Federal Reserve should stay independent and that he is ready to impose tougher sanctions on Russia’s oil sector. Bessent, testifying at a Senate Finance Committee confirmation hearing, underscored …
Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil Read More »
By Gursimran Mehar and Disha Mishra (Reuters) -Facebook parent Meta’s “Community Notes”, similar to that used on Elon Musk-owned social media platform X, will not apply to paid ads when they arrive later this year, a person familiar with the matter told Reuters on Thursday. Community Notes on Meta Platforms will be enabled for organic …
Meta’s ‘Community Notes’ model will not apply to paid ads Read More »
BEIJING (Reuters) – China’s economy grew 5.4% in the fourth quarter from a year earlier, official data showed on Friday, significantly beating analysts’ expectations and enabling the government to meet its annual growth target. Analysts polled by Reuters had forecast fourth-quarter gross domestic product (GDP) would expand 5.0% from a year earlier, quickening from the …
China’s Q4 GDP grows 5.4% y/y, beating market forecast Read More »
By Stephen Nellis, Max A. Cherney (Reuters) -Social media app TikTok, which is owned by China’s ByteDance, will be banned in the United States on Sunday unless a deal comes together to sell it to a U.S. investor or the U.S. Supreme Court intervenes. The ban results from an April law signed by President Joe …
How a TikTok ban would work – and why user workarounds won’t Read More »
By David Shepardson WASHINGTON (Reuters) – A growing number of lawmakers are urging President Joe Biden to grant a reprieve to prevent TikTok from going dark in the United States as soon as Sunday, warning millions of creators and businesses could be hurt. “We’re asking for the ability to be able to try rationally to …
Senate Democrats ramp up pressure on Biden to delay TikTok ban Read More »
