SYDNEY (Reuters) -Australia’s central bank on Tuesday ruled out the possibility of an interest rate cut this year, saying core inflation is expected to come down only slowly, after it held interest rates steady for a sixth straight meeting. The Australian dollar firmed 0.3% to $0.6517 and three-year bond futures extended declines to be off …
Australia central bank rules out near-term rate cut on inflation risks Read More »
By Andrey Sychev (Reuters) – Global staffing firm Adecco said on Tuesday that falling hiring volumes in the U.S. tech sector had probably hit a trough, a day after investor concerns triggered a massive rout on the markets. “We believe that at this moment we probably have a trough,” Adecco’s CEO Denis Machuel told Reuters. …
Adecco CEO says US tech hiring has likely bottomed out, but no upturn yet Read More »
By Blake Brittain (Reuters) – Novartis and Viatris were hit with a federal lawsuit in Maryland on Monday by the family of a woman whose tissue cells were taken from her body in the 1950s and used to fuel medical research and development. The estate of Henrietta Lacks accused Novartis and Viatris of unlawfully profiting …
Novartis, Viatris face new lawsuit over ‘HeLa’ cell misuse claims Read More »
By Jonathan Stempel (Reuters) – CrowdStrike’s legal troubles from last month’s massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travelers whose flights were delayed or canceled. In a proposed class action filed in the Austin, Texas, federal court, three fliers blamed CrowdStrike’s negligence in testing and deploying its …
CrowdStrike is sued by fliers after massive outage disrupts air travel Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Wall Street’s most-watched gauge of investor anxiety logged its largest ever intraday jump on Monday and closed at its highest since October 2020, as traders scrambled to hedge against market volatility during a global selloff fueled by U.S. recession fears. The Cboe Volatility Index jumped to a …
Wall Street ‘fear gauge’ logs record jump as investors bet on more turbulence Read More »
By Davide Barbuscia NEW YORK (Reuters) – A recent U.S. Treasuries rally, fueled by expectations of significantly lower interest rates, is overdone as the economy’s resilience may make it unnecessary for the central bank to lower borrowing costs by as much as the market bets, a BlackRock portfolio manager said. However, the Fed should have …
US bond rally overdone but Fed should have cut rates in July, BlackRock manager says Read More »
(Reuters) -Spirit AeroSystems said on Monday its quarterly losses more than doubled as 737 fuselage shipments to its biggest customer Boeing fell and losses mounted on its Airbus A220 program. Net loss for the second quarter widened to $415 million from a loss of $206 million, an indication of Spirit’s fragile finances and the importance …
Spirit Aero losses more than double as 737 output drops, A220 woes linger Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended with steep losses on Monday, leaving the Nasdaq and S&P 500 down at least 3% each as the market extended last week’s sell-off amid U.S. recession worries and as Apple shares fell sharply on news that a big investor had cut its stake. All three major …
Nasdaq, S&P 500 fall 3% each amid US recession fears, Apple drop Read More »
(Reuters) – U.S. railroad operator CSX narrowly beat second-quarter profit estimates on Monday, helped by higher shipment volumes and robust pricing, sending its shares up 5% after the bell. Improving intermodal volumes, or goods moved via two or more modes of transport, have helped railroads squeeze out profits along with higher-than-inflation pricing, even as the …
CSX beats second-quarter profit on better volumes, strong pricing Read More »
(Reuters) -Morgan Stanley said on Monday it had received requests from the enforcement division of the U.S. securities regulator regarding advisory account cash balances swept to affiliate bank deposit programs. The company said it was in talks with the U.S. Securities and Exchange Commission since April over the matter. Separately, the firm also disclosed that …
Morgan Stanley says SEC seeking details on advisory account cash balances Read More »
