A look at the day ahead in European and global markets from Ankur Banerjee The blistering start to 2024 for the Nikkei shows no signs of stopping, with the Japanese benchmark scaling yet another 34-year peak on Tuesday as the yen teeters towards the closely watched 150 per dollar level. The Nikkei has been breaching …
Marketmind: Nikkei keeps roaring while yen teeters Read More »
SYDNEY (Reuters) – Australia’s fourth-biggest bank ANZ Group plans to cut 170 jobs at its commercial banking operations, a workers’ union said on Tuesday. Australian banks have been shedding jobs as they look to automate their businesses and make use of technology to reengineer back-office operations. ANZ did not confirm the number of job cuts …
Australia’s ANZ plans to cut 170 business banking jobs, union says Read More »
By Carolina Mandl, Johann M Cherian and Ankika Biswas (Reuters) -The Nasdaq slipped on Monday afternoon after briefly surpassing its record closing high from November 2021, while the Dow rose modestly ahead of two U.S. inflation reports this week that could influence Federal Reserve policy. The benchmark S&P 500 closed slightly lower but remained just …
Nasdaq slips from near all-time high, Dow up modestly ahead of inflation data Read More »
(Adds graphic) By Carolina Mandl, Matt Tracy and Saeed Azhar NEW YORK/WASHINGTON (Reuters) -New York Community Bancorp’s exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting more pain for those with office and multifamily property loans. Fears about the health of the smaller banks have escalated again a year …
Real estate pain for US regional banks is piling up, say investors Read More »
By Akash Sriram (Reuters) -Thousands of drivers for ride-sharing platforms Uber, Lyft and food delivery app DoorDash are expected to go on strike across the United States on Valentine’s Day for fair pay, drivers’ groups said on Monday. The demonstrations are set to take place about a week after Lyft said it would guarantee weekly …
Uber, Lyft, DoorDash drivers to strike on Valentine’s Day for fair pay Read More »
By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the popular Squishmallows plush toys, sued Build-A-Bear Workshop on Monday, calling its new Skoosherz plush toy line “knockoffs” that infringed its intellectual property rights. Not to be outdone, Build-A-Bear filed its own lawsuit against Jazwares on …
Build-A-Bear, maker of Warren Buffett’s Squishmallows face off in court Read More »
By Allison Lampert and Rajesh Kumar Singh (Reuters) – Some pilots at Spirit Airlines are worried and scouring for other opportunities after a U.S. judge last month blocked the low-cost air carrier’s proposed merger with competitor JetBlue Airways, throwing its future into doubt. Spirit pilots, recruiters and industry sources told Reuters that the ruling has …
Spirit Airlines uncertainty has some pilots dusting off their resumes Read More »
By Michael S. Derby NEW YORK (Reuters) -Americans reported a fairly stable outlook for inflation at the start of the year, as medium-term expectations settled back to levels last seen before the coronavirus pandemic struck, amid notable declines in the projected rises for a number of key spending areas. The Federal Reserve Bank of New …
NY Fed survey finds stability in January inflation expectations Read More »
By Tatiana Bautzer, Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a plan to improve internal oversight to be lacking, developments that could hinder CEO Jane Fraser’s plans to …
Exclusive-Citi hit by new Fed rebuke, setbacks on consent orders Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The craze for artificial intelligence stocks sent options traders piling into bets on Arm Holdings on Monday, with many positioning for more gains in the shares after they almost doubled in price in less than a week. Arm Holdings’ shares are up 80% since Wednesday, after the …
Hunt for ‘next Nvidia’ draws options traders to Arm’s soaring stock Read More »
