BOGOTA (Reuters) -Colombia’s central bank technical team revised its inflation outlook for the year to 5.7%, from a previous 5.5%, it said in a quarterly report published on Friday. The new forecast is still above the specific long-term inflation goal established by the central bank, of 3%. For 2025, the technical team at the central …
Colombia central bank raises 2024 inflation outlook to 5.7% Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession. The Labor Department said nonfarm payrolls increased by 114,000 jobs last month, well short of the 175,000 …
Stocks drop, Nasdaq confirms correction as recession fears mount Read More »
NEW YORK (Reuters) -Global equities sold off on Friday and U.S. Treasury yields were at multi-month lows on concerns about the economy and downbeat forecasts from Amazon and Intel, which hit richly-valued technology firms. The S&P 500 ended 1.84% lower and the Nasdaq Composite index closed down 2.43%, putting it on track to confirm it …
Equities sell off, Nasdaq on track for correction, bond yields sink Read More »
By Bhanvi Satija and Sneha S K (Reuters) -All doses of Eli Lilly’s weight-loss drug Zepbound and diabetes drug Mounjaro are now available, the U.S. Food and Drug Administration’s updated shortage list showed on Friday. However, the regulator has not yet removed the drugs off its shortage list. Lilly’s Mounjaro has been on the U.S. …
US FDA says all doses of Lilly’s weight-loss and diabetes drug are now available Read More »
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase said on Friday it is considering whether to sue a U.S. consumer watchdog over the agency’s inquiries into the Zelle payment app. The bank said in a filing it is responding to queries from the Consumer Financial Protection Bureau (CFPB) over Zelle, which has grown to become …
JPMorgan considers suing consumer watchdog over Zelle Read More »
By Kenrick Cai (Reuters) -Startup Character.AI said on Friday it has signed an agreement with Alphabet’s Google that grants the search engine giant a non-exclusive license to the chatbot maker’s large language model technology. The deal, echoing ones struck by Microsoft and Amazon in the past few months, will see Character.AI co-founders Noam Shazeer and …
Google hires top talent from startup Character.AI, signs licensing deal Read More »
By Saqib Iqbal Ahmed and Ankika Biswas (Reuters) -Worries over tech earnings and a slowing U.S. economy slammed the Nasdaq Composite index on Friday as it extended recent declines to fall 10% below its record high, confirming it was in correction territory. The tech-heavy index fell 2.4% on Friday after a softer-than-expected jobs report spurred …
Tech-heavy Nasdaq in correction as equity selloff deepens Read More »
(Reuters) – AMC Entertainment Holdings posted a loss for the second quarter compared to a profit in the same period last year hurt by the lingering impact of last year’s dual Hollywood strikes, which led to a limited number of major theatrical releases. The U.S. film industry faced significant disruption in 2023 due to parallel …
AMC Entertainment swings to loss in the second-quarter hurt by weak movie lineup Read More »
By Jonathan Stempel (Reuters) -Berkshire Hathaway, run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S. bank’s stock since mid-July. Berkshire sold approximately 19.2 million Bank of America shares for $779 million between July 30 and Aug. 1, according to a …
Buffett’s sales of Bank of America top $3.8 billion Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth. Alarming economic data in recent days have deepened those concerns. U.S. job growth slowed more than expected in July, a Friday …
Flaring economic worries threaten US stocks rally Read More »
