(Reuters) – A gauge of manufacturing activity in the U.S. Mid-Atlantic region shot up by the most in about four-and-a-half years in January, with new orders and shipments both surging, a potential indication that the factory sector’s long slump may be ending. The Federal Reserve Bank of Philadelphia said on Thursday that its monthly manufacturing …
Philly Fed’s factory gauge surges by most since June 2020 Read More »
(Reuters) – Fox Sports has signed a multi-year media rights agreement with LIV Golf to broadcast its league competition in the U.S. starting next month, the network announced on Thursday. Nearly all of the LIV Golf league season will be shown live across Fox Sports platforms, the network said in a statement. “LIV Golf is …
Golf-LIV Golf signs multi-year media rights deal with Fox Sports Read More »
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits increased more than expected last week, but remained at levels consistent with a healthy labor market. Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 217,000 for the week ended Jan. 11, the Labor Department said on Thursday. Economists …
US weekly jobless claims increase; labor market conditions still healthy Read More »
By Suzanne McGee and Saqib Iqbal Ahmed (Reuters) – A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and investors warn that markets are likely to remain anxious about the pace of inflation. The path ahead remains shadowed by ongoing uncertainty about …
Analysis-Inflation revival persists as market risk despite CPI-fueled rally Read More »
By Doyinsola Oladipo NEW YORK (Reuters) -Disappointment, denial and confusion flooded U.S. TikTok on Wednesday upon hearing the news that Chinese owner ByteDance planned to shut off the app for its 170 million U.S. users by Sunday, seemingly throwing in the towel on efforts to keep the popular video-sharing platform going. Users who have amassed …
US TikTok users scramble, despair as Bytedance waves the ‘white flag’ Read More »
(Reuters) – PNC Financial on Thursday reported a higher fourth-quarter profit as it earned more in interest payments and set aside less capital to cover potential loan defaults. Wall Street CEOs are confident that the incoming U.S. administration would be business-friendly and good for banks. Some of the biggest U.S. banks including JPMorgan Chase & …
PNC Financial’s profit rises on interest income growth, lower rainy-day funds Read More »
By Fabian Cambero SANTIAGO (Reuters) -Codelco pushed hard to lift its copper production from a 25-year-low at the end of 2024, but union workers and analysts question whether its tactics are sustainable as it targets annual output of 1.7 million metric tons by the end of the decade. Codelco’s production reached 1.328 million tons in …
Analysis-Codelco workers fear copper production push hard to maintain Read More »
By Summer Zhen HONG KONG (Reuters) – Steven Cohen’s Point72 Asset Management’s new artificial intelligence (AI)-focused fund posted a 14% gain after launching just three months ago, growing the fund to nearly $1.5 billion, according to sources familiar with the matter. Point72 Turion, which kicked off trading in October and is run by portfolio manager …
Point72’s new AI fund near $1.5 billion after double-digit returns, sources say Read More »
By David Shepardson and Krystal Hu WASHINGTON/NEW YORK (Reuters) -TikTok plans to shut U.S. operations of its social media app used by 170 million Americans on Sunday, when a federal ban is set to take effect, barring a last-minute reprieve, people familiar with the matter said on Wednesday. The Washington Post reported President-elect Donald Trump, …
TikTok prepares to shut down app in US on Sunday, sources say Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s best day of the year so far was rooted in inflation relief and a boom in bank stocks reporting bumper earnings, with a retail readout up next on Thursday. After Tuesday’s sub-forecast producer price data, the December consumer price …
Morning Bid: Inflation relief and bumper bank earnings Read More »
