By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Stocks in Asia are poised to rise on Thursday after investors took the latest U.S. inflation data as a final seal on an interest rate cut from the Federal Reserve next week, sparking a widespread rally on Wednesday across almost every …
Morning Bid: China FX eyed, markets surge on Fed hopes Read More »
NEW YORK (Reuters) – U.S. bankers struck a cautious tone on cryptocurrencies at the Reuters NEXT conference in New York this week, despite expectations that friendlier rules under President-elect Donald Trump will pave the way for lenders to expand into digital assets. Trump courted crypto campaign dollars with promises to be a “crypto president” and …
US bankers cautious on crypto despite expected regulatory easing Read More »
(Reuters) – Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors’ exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday. General Motors said on Tuesday it is ending robotaxi development, in which it invested more …
(Reuters) – Shares of companies owning pharmacy benefit managers fell on Wednesday after the introduction of a bipartisan bill that would force health insurers or drug middlemen to divest their pharmacy businesses. CVS Health’s Caremark, Cigna’s Express Scripts and UnitedHealth Group’s Optum control the majority of pharmacy benefit management (PBMs) in the US, while their …
Healthcare stocks fall as lawmakers push for bill to break up drug middlemen Read More »
By Harshita Mary Varghese (Reuters) – Alphabet led a Big Tech rally on Wednesday, with its stock hitting a record high after U.S. President-elect Donald Trump picked Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency. Trump tapped Ferguson on Tuesday to replace Lina Khan, whose term as FTC chair has …
Google-parent Alphabet hits record high after Trump taps Andrew Ferguson as FTC chair Read More »
By Laura Matthews NEW YORK (Reuters) – The market for U.S. initial public offerings could see high levels of interest from investors next year, said Lynn Martin, president of the New York Stock Exchange on Wednesday at the Reuters NEXT conference in New York. “We are shaping up for a really active 2025,” she said. Many investors …
NYSE’s Lynn Martin sees active IPO market in 2025 Read More »
By Michele Gershberg and Michael Erman NEW YORK (Reuters) -Executives from Pfizer Inc and Amazon.com see opportunities for working with U.S. health secretary nominee Robert F. Kennedy Jr to manage growing health risks in a warming world. President-elect Donald Trump has called climate change a hoax and promised to again remove the U.S. from international …
Amazon, Pfizer execs seek common ground with RFK Jr on climate risks to health Read More »
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) -President-elect Donald Trump is expected to adopt pro-growth policies that ease U.S. banking and credit card regulations while spurring deals, industry executives said on a panel at the Reuters NEXT conference in New York on Wednesday. “I hope the new administration will use this as a point to …
REUTERS NEXT-US bank executives expect Trump to ease rules, fuel growth Read More »
By Manya Saini and Echo Wang (Reuters) -David Bonderman, the media-shy billionaire who co-founded the $239 billion alternative asset management giant TPG, has died at the age of 82. Bonderman is credited with transforming the company from a three-person investing office to a publicly-traded force with a market value of $24.3 billion. “David was a …
David Bonderman, TPG co-founder and private equity pioneer, dies at age 82 Read More »
By Saeed Azhar, Lananh Nguyen and Arasu Kannagi Basil (Reuters) – Bank of America expects regulatory changes under President-elect Donald Trump to favor mergers and acquisitions among companies, including banks, CEO Brian Moynihan said on Wednesday. “Regulatory changes will be favorable for the ability to get deals done,” Moynihan told investors at the Goldman Sachs …
