By Andrea Shalal WASHINGTON (Reuters) – The strength of the U.S. economic recovery post-COVID and a quest for safe-haven investments helped boost U.S. dominance of global financial flows, while manufacturing incentives led to a surge in foreign direct investment, the White House said on Friday. In its final report before President Joe Biden leaves office, …
(This Jan. 9 story has been corrected to remove a reference to the size of American Airlines donation in paragraph 4) By David Shepardson WASHINGTON (Reuters) – Boeing is donating $1 million to U.S. President-elect Donald Trump’s inauguration, a spokesperson for the U.S. planemaker said on Thursday. Boeing is joining many major U.S. companies including …
Boeing says it is donating $1 million to Trump presidential inaugural fund Read More »
(Reuters) – Canadian oil refiner Imperial Oil said on Friday senior executive Sherri Evers will join major shareholder Exxon Mobil, effective March 1. Evers, who is currently senior vice president, sustainability, commercial development and product solutions at Imperial, will become North America Lubes general manager at Exxon. “Sherri successfully led a diverse portfolio contributing to …
Canada’s Imperial Oil says senior executive to leave for Exxon Mobil Read More »
By Federico Maccioni DUBAI (Reuters) – Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the U.S. as President-elect Donald J. Trump’s second term in office heralds a “pro-business” climate. The real estate tycoon and longtime business partner of Trump this week announced at the president-elect’s Florida Mar-a-Lago …
By Nupur Anand NEW YORK (Reuters) – Investments from Bank of America’s retail consumers have swelled to more than $500 billion in assets this year, and the company aspires to cross $1 trillion in five years. “If you look at our results, we have doubled every five years, so I’d like to think that we …
BofA consumer investments surpass $500 billion as it eyes $1 trillion Read More »
(Reuters) – Citigroup said on Friday it was expecting a rally in global equities to extend into 2025, as falling interest rates and easing inflation could help prop up corporate earnings. The Wall Street brokerage forecast the MSCI All Country World Index Local, a benchmark performance gauge of world stocks, to hit 1,140 points by …
Citi expects rally in global stocks to extend into 2025, sees 10% EPS growth Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in the futures options market are betting the benchmark U.S. 10-year Treasury yield is headed higher to 5% in the near term, reflecting worries that the incoming Trump administration’s policies will increase an already bloated fiscal deficit and revive inflation. Traders are watching that key 5% level …
Options market positioned for US Treasury 10-year yield to hit 5% in near term Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan After a torrid start to the year for U.S. Treasuries and global sovereign bonds at large, Friday tests the ‘hot economy’ thesis by revealing just how tight U.S. labor markets still are as a new administration takes office in Washington this …
Morning Bid: Bonds simmer as payrolls offer reality check Read More »
(Reuters) – U.S. investors pulled out of equity funds and moved to the safety of money market funds in the week to Jan. 8 driven by uncertainties about the Fed’s interest rate trajectory and looming tariff policies by the incoming Trump administration. Investors divested a net $5.05 billion worth of U.S. equity funds during the …
US equity funds see outflows on caution over Fed policy uncertainty Read More »
(Reuters) – Investors piled into global money market funds in the week through Jan. 8, spurred by concerns over potential tariff increases with the upcoming change in the U.S. administration and caution ahead of a critical jobs report that could reshape expectations for Federal Reserve rate cuts. According to LSEG Lipper data, investors channelled $158.73 …
Global money market funds draw huge inflows on caution over potential tariffs Read More »
