By Scott DiSavino (Reuters) -U.S. natural gas and power prices hit multi-year highs on Friday ahead of extreme cold that was expected to bring record gas demand while also cutting supplies by freezing wells. Lower gas supplies at a period of surging demand could test power systems in hard-hit areas. Winter storms in 2021 and …
US power and natgas prices soar as extreme freeze hits natgas supplies Read More »
By Noor Zainab Hussain, Manya Saini and Carolina Mandl (Reuters) -Wells Fargo on Friday posted higher fourth-quarter profit, beating analysts’ expectations as it cut costs. But the lender warned that its net interest income (NII) could fall 7% to 9% this year, sending shares down more than 3%. “We expect net interest income to decline …
Wells Fargo warns of lower interest income in 2024, shares drop Read More »
By Noel Randewich (Reuters) – Microsoft’s stock market value ended a trading session higher than Apple’s for the first time since 2021 on Friday, making it the world’s most valuable company as worries about demand hit the iPhone maker’s shares. Apple crept up 0.2% on Friday, while Microsoft added 1%. With that, Microsoft’s market capitalization …
Microsoft edges out Apple as world’s most valuable company Read More »
(Refiles to add HEDGEFLOW tag to headline) By Carolina Mandl NEW YORK (Reuters) – Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley. Last year, the magnificent seven group of stocks — Nvidia, Apple, Tesla, …
By Hannah Lang and Suzanne McGee (Reuters) -Crypto asset manager Bitwise said on Friday that $240 million flowed into its spot bitcoin exchange-traded fund (ETF), the most of the 10 such products that began trading on Thursday. The U.S. Securities and Exchange Commission approved 11 spot bitcoin ETFs this week, including BlackRock’s iShares Bitcoin Trust, …
Bitwise bitcoin ETF draws most inflows on first trading day, company says Read More »
By Katherine Masters NEW YORK (Reuters) – Deliveries for U.S. retailer Tractor Supply Co have been delayed anywhere from two to 20-plus days as major container ship operators re-route vessels away from the Suez Canal, Colin Yankee, the company’s chief supply chain operator, said on Friday. Ocean carriers are also adding diversion surcharges on cargo …
Tractor Supply sees delayed deliveries due to Red Sea disruptions Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders on Friday piled into U.S. stock options contracts that would pay out if volatility jumped from the current four-year lows, even as the S&P 500 remained within striking distance of new highs. Volume in options on the Cboe Volatility Index, which are typically used to guard …
US stock investors splurge on cheap options hedges with VIX near four-year lows Read More »
(Reuters) -U.S. bank regulators’ proposed new capital requirements for large banks, if finalized, would violate key federal laws and needlessly impose burdensome costs on 80% of assets in the country’s banking system, major industry lobby groups said on Friday. As a result, the proposal issued in July by the U.S. Federal Reserve and two other …
US bank capital overhaul proposal fatally flawed, top lobby groups say Read More »
By Michael S. Derby NEW YORK (Reuters) -Rising income expenses pushed the Federal Reserve system deep into a record loss last year, the central bank said in preliminary figures released on Friday. Fed income after expenses came in at a negative $114.3 billion last year, versus $58.8 billion in positive income the year before. The …
Fed reports record loss for 2023 amid surge in interest expenses Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Friday unveiled an order for up to 40 new Airbus A350-1000 widebody aircraft, with deliveries of the first 20 jets are scheduled to begin in 2026. The order, which Reuters this week reported was imminent, is likely to make Delta the first U.S. carrier to …
Delta orders up to 40 Airbus A350-1000 widebody planes Read More »
