LONDON (Reuters) -Tech stocks saw inflows of $18.6 billion in the first quarter of the year, the third largest quarterly inflow on record, and also attracted funds in the past week, along with large flows to cash and bonds, Bank of America Global Research said Friday. Cash equivalent money market funds saw $81.8 billion of …
First-quarter flows to tech stocks third largest on record – BofA Read More »
By Diana Novak Jones (Reuters) – A New York state judge has invalidated most of the state’s cannabis regulations in a case that challenged marijuana advertising rules. New York Supreme Court Justice Kevin Bryant said in an order on Wednesday that the state had not justified its rulemaking process in a raft of regulations put …
New York cannabis regulations invalidated by state judge Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The three major U.S. stock indexes fell more than 1% each and the S&P 500 had its biggest daily percentage drop since Feb. 13 on Thursday as Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday’s U.S. …
Wall St sells off ahead of jobs report, investors digest Fed comments Read More »
By Dan Burns (Reuters) -Hiring plans among U.S. small businesses in March were the weakest since May 2020 when pandemic shutdowns threw the economy into recession, dropping below a key threshold some economists see as a bellwether for the wider job market, a survey out on Thursday showed. A net 11% of firms surveyed by …
US small businesses dial back hiring plans again, NFIB says Read More »
(Reuters) -Walt Disney’s streaming service will start cracking down on password-sharing from June, CEO Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and make the business profitable. Iger also signaled a need for consolidation in the streaming industry and said Disney was “eventually” looking at double-digit margins for the …
Disney to start cracking down on password-sharing from June, CEO Iger says Read More »
(Reuters) -The largest impediment to the U.S. central bank’s efforts to return inflation to its 2% target rate is the persistence of outsized price increases in the housing services sector, Chicago Federal Reserve President Austan Goolsbee said on Thursday. “The biggest danger to the inflation picture in my view… (is) the continued high inflation in …
Fed’s Goolsbee says housing price pressures pose biggest inflation risk Read More »
(Reuters) – EV startup Fisker said on Wednesday it is withdrawing all financial forecasts for 2024 and is continuing to evaluate strategic options. (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
(Reuters) -Exxon Mobil said on Wednesday it expects changes in oil prices to hurt its first-quarter upstream profit by up to $400 million, compared to the last quarter of 2023. Changes in gas prices could have a negative impact on upstream earnings by $600 million to $200 million, it revealed in a filing. The company …
Exxon Mobil expects first-quarter oil earnings to fall Read More »
By Dawn Chmielewski (Reuters) – With Walt Disney’s months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger’s successor. The board has extended Iger’s retirement date five times, continually deferring decisions about finding a replacement. Disney board members sought to reassure investors, ahead of Wednesday’s …
Analysis-Hunt for Disney CEO Bob Iger’s successor kicks into high gear Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Nelson Peltz lost but he also won. Hours after shareholders voted to keep the octogenarian hedge fund manager off the board at Walt Disney, ending the year’s most expensive and closely watched board room fight, there are few signs the defeat will hurt him or his …
Analysis-Peltz loses at Disney but his investors win; changes may still be ahead Read More »
