By Davide Barbuscia, Shashwat Awasthi NEW YORK (Reuters) -BNY expects a U.S. economic growth boost under the new Donald Trump U.S. presidency and is investing in artificial intelligence and services for digital assets to enhance solutions for its clients, CEO Robin Vince said on Wednesday. “Growth is good for the U.S. economy and President-elect Trump …
BNY CEO optimistic on US economic growth, AI potential Read More »
By Horacio Fernando Soria and Miguel Lo Bianco BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate slowed to 2.4% in November, the lowest in over four years, the official INDEC statistics agency said on Wednesday, as locals began to warily hope the worst of a biting economic crisis might be over. The South American nation, facing …
Argentina inflation hits four-year low as locals dare to hope the worst is over Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar adjustments for benefit payments boosted outlays by some $80 billion compared to the same month in 2023, the Treasury Department said on Wednesday. The Treasury Department said that without the acceleration …
US budget deficit climbs to $367 billion in November on calendar payment shifts Read More »
By Siddharth Cavale NEW YORK (Reuters) – Kroger and Albertsons could turn to fast-growing and profitable advertising ventures to tackle competition and grow after a failed $25 billion merger between the two supermarket rivals, analysts said. Retailers like Amazon, Target, Walmart, and grocers like Tesco have created in-store and online media platforms that generate advertising …
Kroger, Albertsons could turn to ad business as mega merger falls through, analysts say Read More »
By Ernest Scheyder and Shashwat Awasthi NEW YORK (Reuters) – U.S. President-elect Donald Trump should deploy tariffs strategically rather than bluntly as he aims to support American mining companies facing stiff Chinese competition, a senior executive at cobalt producer Jervois Global said on Wednesday. Jervois, like many U.S. producers of cobalt, lithium and other critical …
U.S. cobalt miner to Trump: use tariffs as ‘scalpel’ not ‘sledgehammer’ Read More »
MEXICO CITY (Reuters) – Shares of Mexico’s embattled financial services company and retailer Elektra gained nearly 20% on Wednesday, after an earlier suspension on trading on the local stock exchange was lifted triggering a sharp fall. The company is part of the sprawling business empire of billionaire Ricardo Salinas, one of Mexico’s richest men. The …
Mexico’s Elektra up about 20% after lifted suspension slammed share Read More »
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that the U.S. will “react strongly” when countries try to manipulate their currencies for competitive advantage, but at the moment there is not such market intervention. Yellen said in a live interview on Bloomberg Television that she does not see any …
Yellen says US will ‘react strongly’ to any currency manipulation Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – Tesla shares climbed to a record high of $415 on Wednesday, topping its prior high of $414.50 set more than three years ago as the electric vehicle maker extended a rally in the wake of the U.S. presidential election. Shares of Tesla previously hit a record on Nov. …
By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth, though Governor Tiff Macklem indicated that further cuts would be more gradual and said he does not expect a recession. Canada’s economy has been shrinking …
Bank of Canada cuts rates by 50 bps says more gradual approach to follow Read More »
By Suzanne McGee (Reuters) – Direxion said on Wednesday that it has launched new leveraged and inverse exchange-traded funds tied to two stocks, Palantir Technologies and Warren Buffett’s Berkshire Hathaway that offer traders a chance to get twice the daily upside movement of each stock or capture the inverse of a daily decline. Analysts described …
Direxion launches new leveraged ETFs tied to Palantir, Berkshire Hathaway Read More »
