By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will keep its key interest rate unchanged at 4.35% on Tuesday and a rate cut is now not expected to happen until the fourth quarter of next year due to a strong housing market, according to a Reuters poll. Even with rates at a 12-year …
RBA to hold rates on Dec. 5, Aussie home prices to rise 5% in 2024 Read More »
By David Randall NEW YORK(Reuters) -As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, including tax loss selling and the so-called Santa Claus rally. The key catalyst for stocks will likely continue to be the expected …
Tax-loss selling, ‘Santa rally’ could sway U.S. stocks after November melt-up Read More »
SYDNEY (Reuters) -Australia’s Greens party said on Sunday it would lead a parliamentary inquiry into “price gouging” by major supermarkets as the country grapples with high costs of living. “The inquiry will scrutinise the impact of market concentration on food prices and the pattern of pricing strategies employed by the supermarket duopoly,” Greens Senator Nick McKim said …
Australia’s Greens to investigate supermarket ‘price gouging’ Read More »
(Reuters) – Union members with the Detroit Casino Council have voted to ratify a new contract with MGM Grand Detroit, operated by MGM Resorts, the Unite Here union said on Saturday. The unions will end the 47-day strike immediately, Unite Here said in a statement, adding that the agreement covers 1,700 employees. The Detroit Casino …
Union members in Detroit ratify contract with MGM Grand Read More »
DUBAI (Reuters) – Exxon Mobil CEO Darren Woods on Saturday rejected the International Energy Agency’s recent claim that using wide-scale carbon capture to fight climate change was an implausible “illusion”, saying the same could be said about electric vehicles and solar energy. “There is no solution set out there today that is at the scale …
COP28: Exxon Mobil CEO rebuffs IEA criticism of carbon capture strategy Read More »
By Siddharth Cavale and Sheila Dang (Reuters) -Walmart said on Friday it is not advertising on social media platform X, one of the latest brands to say it has dropped the Elon Musk-owned site. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said. X, formerly …
Walmart says it is not advertising on social platform X Read More »
By Abhirup Roy, Hyunjoo Jin and Chavi Mehta SAN FRANCISCO (Reuters) -Tesla’s pricier-than-expected Cybertruck pickup, which offers driving ranges that fell well short of what CEO Elon Musk had promised, has deeply disappointed some but fascinated others with its futuristic, SUV-like feel. The Cybertruck, two years behind schedule, enters a hot pickup truck market to …
Tesla’s Cybertruck feels like an SUV; price, lower driving range upset some Read More »
(Reuters) – Ride-hailing service Uber Technologies will join the S&P 500 effective at the open of trading on Dec. 18, along with S&P MidCap 400 constituents Jabil Inc and Builders FirstSource Inc, S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air Corp, Alaska Air Group Inc and SolarEdge Technologies Inc in …
By Svea Herbst-Bayliss (Reuters) -Activist hedge fund Blackwells Capital is preparing to challenge Wendy’s Co’s board of directors in a push for improvements to the fast food chain’s financial performance, people familiar with the matter said on Friday. Blackwells, run by Jason Aintabi, plans to nominate several directors to Wendy’s 12-member board, said the sources, …
Exclusive-Activist investor Blackwells plans Wendy’s board challenge -sources Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied and the S&P registered its highest close of the year on Friday, starting December on an upbeat note as remarks from Federal Reserve Chair Jerome Powell bolstered the view that key policy rates have peaked. All three major U.S. stock indexes advanced, with economically sensitive transports …
S&P 500 hits 2023 closing high as Powell strengthens peak rate bets Read More »
