A look at the day ahead in European and global markets from Stella Qiu Most stocks in Asia are down on Friday, following the lead of Wall Street futures, ahead of the all-important payrolls report, which could push Treasury yields and the U.S. dollar even higher. Both Nasdaq futures and S&P 500 futures were down …
Morning Bid: Looming payrolls keep bond bears hungry Read More »
By Andy Sullivan The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.S., home to Hollywood A-Listers and multimillion dollar mansions. And ahead of this week’s disaster, its insurance costs were among the most affordable in the country, according to a Reuters analysis of insurance …
Pacific Palisades fire may spell an end to cheap homeowners insurance in California Read More »
LONDON (Reuters) – The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings agencies said on Thursday, though many homes are likely uninsured. The wildfires burning in the Pacific Palisades, Eaton, Hurst and other Los Angeles neighbourhoods may lead to insured losses of more than $8 billion, analysts …
LA wildfire insured losses total billions of dollars, ratings agencies say Read More »
(Reuters) – Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not “preempt incoming President Trump” by enacting a last-minute policy. “We would encourage President Biden to not preempt incoming President Trump by enacting a policy that …
Nvidia criticizes reported Biden plan for AI chip export curbs Read More »
By Erwin Seba and Shariq Khan (Reuters) -Pipeline operator Kinder Morgan Inc said that two of its fuel pipelines in Los Angeles have been shut since Jan. 8 due to power outages, as the most destructive wildfires in the city’s history continued to burn uncontained on Thursday. The company said the 515-mile (828.8 km) SFPP …
Kinder Morgan shuts two Los Angeles fuel pipelines due to power outages Read More »
SINGAPORE (Reuters) – Japan’s Nomura Holdings has appointed Sudhir Nemali as managing director and chief operating officer of its international wealth management business, according to an internal memo seen by Reuters on Friday. Nemali, who has over three decades of wealth management experience, is joining from Deutsche Bank, where he was most recently the chief …
Nomura hires Sudhir Nemali as international wealth chief operating officer Read More »
By Kanishka Singh WASHINGTON (Reuters) – Prime Minister Justin Trudeau criticized President-elect Donald Trump’s proposed U.S. tariffs on Canadian products in a meeting with American business leaders on Thursday, saying the step would have “negative impacts” on both countries. WHY IT’S IMPORTANT Trump says he will impose 25% tariffs on all Canadian imports unless Ottawa …
Trudeau criticizes Trump’s proposed tariffs in meeting with US business leaders Read More »
BEIJING (Reuters) – Chinese automaker SAIC said on Friday that it will deepen cooperation with electric vehicle battery giant CATL in areas including the battery after market for parts and components and overseas business cooperation. The partnership was outlined in a strategic cooperation agreement the two companies signed. (Reporting by Qiaoyi Li and Joe Cash; …
China’s SAIC to deepen cooperation with CATL on battery, overseas expansion Read More »
(Reuters) – A lawyer for billionaire Elon Musk has asked attorney generals in the states of California and Delaware to push OpenAI to auction a major stake in its business to decide fair value of its charitable asset during its corporate restructuring, sources familiar with the matter told Reuters on Thursday. Musk’s attorney Marc Toberoff …
Musk asks state AGs to auction off OpenAI stake in nonprofit restructuring, sources say Read More »
By Saeed Azhar NEW YORK (Reuters) – Bank of America’s bonus pool for investment bankers will probably rise 10% for last year, a source familiar with the matter told Reuters. While the average increase will be 10%, some investment bankers will get smaller payouts in the mid-to-high single digits, while other top performers would exceed …
Bank of America bonuses for investment bankers to rise about 10%, source says Read More »
