(Reuters) – U.S. equity funds saw substantial outflows in the week to Oct. 30 as investors exercised caution ahead of Tuesday’s presidential election and a Federal Reserve policy decision on Wednesday. According to LSEG data, investors divested a net $5.83 billion worth of U.S. equity funds during the week, the most since the seven days …
US equity funds record biggest weekly outflow in five weeks Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan With even the Federal Reserve meeting in the shade of Tuesday’s election, markets have little to go other than last-minute opinion polls that tilt the tight White House race either way, and Iowa did just that over the weekend. With Tokyo …
Morning Bid: Outliers from Iowa and payrolls sow confusion Read More »
SEOUL (Reuters) – Singapore Airlines will spend 1.1 billion Singapore dollars ($834.66 million) to upgrade all classes on its 41 Airbus A350-900 long-haul and ultra-long-range planes by the end of 2030, the airline said on Monday. The airline group’s SIA Engineering Company will carry out the retrofitting. The first retrofitted A350-900 long-haul aircraft is expected …
Singapore Airlines to spend $835 million upgrading long-haul Airbus A350 cabins Read More »
SYDNEY (Reuters) – Australia has cancelled a multi-billion dollar military satellite project with Lockheed Martin, with a Department of Defence statement on Monday saying the military will instead shift its focus to a multi-orbit system. Lockheed Martin Australia was announced as the preferred tenderer last year for the Geostationary Earth Orbit (GEO) satellite communications system, …
Australia cancels Lockheed Martin military satellite project Read More »
By Archishma Iyer and Byron Kaye (Reuters) -No.2 Australian mortgage lender Westpac said on Monday annual profit dipped as costs associated with a technology overhaul outweighed an improved loan margin, but upped its final dividend and extended a share buyback, nudging its shares up. The result, which was better than feared, shows a company navigating …
Australia’s Westpac annual profit down as costs overshadow margin bump Read More »
By Anirban Sen NEW YORK (Reuters) -Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp, which owns U.S. shopping centers and has a market value of $3.4 billion including debt, according to people familiar with the matter. If the talks are successful, a deal could be finalized in the coming weeks, the sources …
By Lewis Krauskopf NEW YORK (Reuters) -A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve offers more insight on the path of interest rates at its monetary policy meeting. The Nov. 5 vote culminates an election cycle that has captivated the …
US election, Fed meeting loom in big week for markets Read More »
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record $325.2 billion. In its quarterly report on Saturday, Berkshire said it sold about 100 million, or 25%, of its Apple shares over the summer, ending with …
By Abigail Summerville (Reuters) – Wall Street’s major indexes ended higher on Friday, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in U.S. job growth in October. Amazon.com rose 6.2% after it reported earnings on Thursday that revealed strong retail sales, boosting profit above Wall Street estimates. Meanwhile, Apple …
Wall St closes higher as Amazon’s gains offset weak job growth Read More »
WARREN, Michigan (Reuters) – Republican presidential candidate Donald Trump said on Friday that if he is elected he would put a 100% tariff on Stellantis if the automaker tried moving jobs from the U.S. to Mexico. He was speaking at a rally in the battleground state of Michigan where another speaker said the company was …
Trump says he would charge Stellantis 100% tariff if it moves jobs to Mexico Read More »
