(Reuters) -Media conglomerate News Corp beat Wall Street targets for first-quarter revenue on Thursday, boosted by a rise in digital subscriptions at business information unit Dow Jones and a recovery in ad spending. Shares of the New York-based company, which is a part of media baron Rupert Murdoch’s empire and includes the Wall Street Journal …
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By Chuck Mikolajczak (Reuters) – U.S. stocks closed lower on Thursday, snapping the longest winning streaks for the Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell. Powell said central bank officials “are not confident” interest rates are …
S&P 500, Nasdaq snap winning streaks after Powell, Treasury auction Read More »
By Matt Tracy (Reuters) – Asset manager Janus Henderson on Thursday announced the launch of a new exchange-traded fund aimed at structured finance securities, in response to investor demand for yield in products that had minimal interest rate risk in a high-rate environment. The Janus Henderson Securitized Income ETF (JSI), Janus’ sixth U.S. fixed income …
Janus Henderson launches ETF focused on securitized products Read More »
By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Celsius Network received U.S. bankruptcy court approval on Thursday for a restructuring plan that will return cryptocurrency to customers and create a new company owned by Celsius creditors. U.S. Bankruptcy Judge Martin Glenn in Manhattan signed off on the restructuring in an order published Thursday. The …
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By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – U.S. Federal Reserve officials “are not confident” that interest rates are yet high enough to finish the battle with inflation, and may be nearing the end of how much help they can expect in lowering price pressures from improvements in the supply of goods, services and …
Fed’s Powell: “Not confident” policy is tight enough, supply-side help may be finished Read More »
(Reuters) – Verizon is planning to offer the ad-supported versions of Netflix and Warner Bros Discovery’s Max streaming services for about $10 a month combined instead of about $17, the Wall Street Journal reported on Thursday. The discounted bundle is expected to be announced in the coming weeks, the report said, citing people familiar with …
Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle – WSJ Read More »
By Marco Aquino LIMA (Reuters) – Peru’s government on Thursday announced a package of more than two dozen new measures aimed at boosting investments in the Andean nation, which has been hit by a recession. Economy Minister Alex Contreras said the measures included moves to attract investments to the country’s critical mining sector and boosting …
Recession-hit Peru aims to boost investment with stimulus package Read More »
By Saeed Azhar and David French NEW YORK (Reuters) – Goldman Sachs is working on a dozen projects which will incorporate generative artificial intelligence into its business practices, a senior executive at the Wall Street giant told the Reuters NEXT conference in New York on Thursday. Among the most mature of the projects include writing code …
Goldman Sachs developing dozen generative AI projects -exec Read More »
MEXICO CITY (Reuters) -The Bank of Mexico held its benchmark interest at 11.25% on Thursday as expected, underscoring it will likely maintain the reference rate at its current level for “some time,” reflecting a moderation in language from its previous statements. The decision by the central bank’s five-member board to hold the key lending rate …
Mexican central bank keeps interest rate steady, softens language Read More »
(Reuters) – Tesla will recall 159 Model S and Model X cars due to the possibility of the driver air bag deploying incorrectly, which increases the risk of an injury during a crash, according to a notice by the National Highway Traffic Safety Administration (NHTSA) on Thursday. (Reporting by Chandni Shah in Bengaluru; Editing by …
