SREDNEURALSK, Russia (Reuters) – For Darya Stepanova, a mother of two who lives in a small town on the eastern side of the Ural mountains, soaring prices for everything from baby food to nappies have forced her family to cut back on most treats and eating out. The Stepanov family is one of millions of …
In wartime Russia, soaring prices bite as election looms Read More »
(Reuters) – Blackstone is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The New York-based investment manager is planning to raise funds through collateralized loan obligations (CLOs) secured by the loans held by its flagship $52 …
Blackstone to raise $400 million to boost credit fund’s lending power – FT Read More »
By Howard Schneider WASHINGTON (Reuters) – With gas prices and airfares falling it will be cheaper for Americans to get to Grandma’s or wherever they celebrate Thanksgiving this year, and when they arrive they’ll find another happy price shock: The turkey and sides will cost less than last year. The American Farm Bureau Federation’s annual …
More peas please? Thanksgiving meal costs Americans less this year Read More »
By Koh Gui Qing and Danilo Masoni NEW YORK/MILAN (Reuters) – World shares extended gains on Wednesday and the dollar stemmed losses as expectations of an end to a global rate hike cycle spurred on investors following benign inflation readings in the U.S. and across Europe. By the end of the session, the MSCI world …
World stocks scale 2-month high, boosted by rate cuts bets Read More »
By Allison Lampert MONTREAL (Reuters) – Airfare to popular international leisure destinations should cost less this winter and next summer than a year ago as carriers add capacity, the CEO of Canada’s WestJet Airlines told Reuters on Wednesday. For North American carriers, prices for international travel soared over the past year as pent-up demand for …
Airfare to leisure destinations to cost less this winter, WestJet CEO says Read More »
(Reuters) -Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its networking equipment was slowing, sending the company’s shares down more than 10% after market. The company has in recent years grappled with supply chain issues and a post-pandemic slowdown in demand, which has hastened its push …
Cisco cuts annual forecasts on slowdown in new orders Read More »
(Reuters) – Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with banks focused on commercial loan growth disproportionately disadvantaged. “All U.S. banks will need to take defensive measures to conserve capital and provision for higher expected losses,” Fitch analysts said in a report. Fitch cited scarcer opportunities …
Fitch says US regional bank challenges to persist in 2024 Read More »
By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola, is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos’ Elizabeth Holmes, another startup founder convicted of fraud. Milton, 41, had been found guilty by a federal jury in Manhattan …
Nikola founder Trevor Milton seeks probation after fraud conviction Read More »
By Sinéad Carew and Sruthi Shankar (Reuters) -U.S. stocks closed slightly higher on Wednesday, as fresh inflation data reinforced investor hopes that the Federal Reserve is done raising interest rates, while retail stocks were boosted by an upbeat forecast from Target. Shares in Target surged after the retailer forecast a fourth-quarter profit largely above expectations …
Wall Street gains on easing producer prices, Target’s upbeat forecast Read More »
(Reuters) – Elon Musk on Wednesday denied a report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024. He called it “false” in a reply to a post on social media platform X that shared a Bloomberg News report saying SpaceX had …
Elon Musk denies report of potential Starlink IPO in 2024 Read More »
