By Caroline Valetkevitch NEW YORK (Reuters) -The earnings growth estimate for S&P 500 companies for the second quarter dipped to 12.9% as of Friday from 13.3% on Thursday, according to LSEG data. The latest estimate is based on actual results from 376 of the S&P 500 companies and estimates for the rest. The second-quarter growth …
US Q2 earnings growth estimate dips, reflecting Vertex loss, LSEG says Read More »
(Reuters) – A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change forecasts for Federal Reserve easing this year to more aggressive interest rate cutting. Employers added just 114,000 jobs in July, the U.S. Labor …
Factbox-Wall Street sees bigger 2024 Fed easing after soft jobs report Read More »
By Davide Barbuscia NEW YORK (Reuters) – A sharp repricing in U.S. interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data, as investors grapple with the possibility the Federal Reserve may need to loosen its tight grip on the economy much faster than anticipated to avoid …
Analysis-US recession scare fuels searing rally in bonds, yield curve flip in view Read More »
By Milana Vinn, Anirban Sen and David French NEW YORK (Reuters) -Dun & Bradstreet, a U.S. data and analytics provider that has a market value of more than $9 billion including debt, is exploring options including a potential sale, people familiar with the matter said on Friday. The Jacksonville, Florida-based company is working with investment …
Exclusive-Data provider Dun & Bradstreet explores sale, sources say Read More »
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a “steady” way, a mild pushback against the rush of market bets that the Fed will react to a report of weak July jobs data with a bigger-than-usual half-point rate cut in September. “We never want …
Fed’s Goolsbee: don’t want to ‘blow through’ full employment Read More »
(Reuters) -The U.S. Department of Justice (DOJ) has launched an investigation into Nvidia after complaints from competitors that it may have abused its market dominance in selling chips that power artificial intelligence, The Information reported on Thursday. DOJ investigators are looking at whether Nvidia pressured cloud providers to buy multiple Nvidia products, the report said, …
US launches Nvidia antitrust probe after rivals’ complaints, The Information reports Read More »
By Mike Scarcella (Reuters) -A U.S. judge in California on Thursday threw out a $4.7 billion verdict against the National Football League in a lawsuit claiming it overcharged subscribers to its Sunday Ticket game telecasts for more than a decade. The ruling by Los Angeles-based U.S. District Judge Philip Gutierrez followed arguments by the NFL …
US judge throws out $4.7 billion verdict against NFL in ‘Sunday Ticket’ lawsuit Read More »
BEIJING (Reuters) – Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products in the country. The new company, located in Beijing’s Central Business District, was set …
Tesla registers insurance brokerage in China, national corporate database shows Read More »
COPENHAGEN (Reuters) -Volvo Cars’ sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric vehicles in Europe, the Sweden-based automaker said on Friday. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that total sales in Europe, the biggest market for Volvo Cars, were up …
Volvo Cars’ July sales rise 6% driven by European EVs Read More »
By Gayatri Suroyo and Bernadette Christina JAKARTA (Reuters) -Indonesia’s economic growth probably slowed slightly to 5% in the second quarter and authorities are monitoring geopolitical developments that could affect the domestic economy, its finance minister said on Friday. Minister Sri Mulyani Indrawati said household consumption, investment and improving exports had likely driven growth in the …
Indonesia Finance Minister sees Q2 GDP growth at 5%, flags geopolitical risks Read More »
