By Stephen Culp NEW YORK (Reuters) – U.S. stocks wavered to a mixed close on Monday as benchmark U.S. Treasury yields backed down from 5% and investors shifted their focus to this week’s high profile earnings and closely watched economic data. The S&P 500 index ended modestly lower, while a host of interest rate sensitive …
Wall Street ends mixed as Treasury yields ease, focus turns to earnings Read More »
By Stephen Nellis and Max A. Cherney (Reuters) -Nvidia dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers. Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s Windows operating system and use technology from Arm Holdings, two people familiar with the …
Exclusive-Nvidia to make Arm-based PC chips in major new challenge to Intel Read More »
BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Monday that the government will raise the amount directed to a regional development fund in order to secure the approval of a reform on consumption taxes in the Senate. The fund, which will be used to compensate states for losses in revenue in the tax …
Brazil to slightly increase size of regional development fund Read More »
(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation. The topsy-turvy economic environment of the coronavirus pandemic sidelined those differences, …
Fed hawks, Fed doves: What U.S. central bankers have been saying Read More »
By Hannah Lang and Kanjyik Ghosh (Reuters) -Bitcoin, the world’s largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund. The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global and Marathon Digital Holdings up 6.5% …
Bitcoin hits three-month high, buoying crypto stocks Read More »
By Valerie Insinna and Mike Stone WASHINGTON (Reuters) -Lockheed Martin Corp has withdrawn from the U.S. Air Force’s competition to build at least 75 refueling tankers, the company said, giving Boeing’s KC-46 Pegasus a boost in the closely watched multibillion-dollar defense contract. Airbus teamed up with Lockheed as the prime contractor in 2018 to offer …
Lockheed exits Air Force tanker competition, lifting Boeing’s KC-46 Read More »
By Isla Binnie NEW YORK (Reuters) – Money managers in the United States have closed funds with sustainability mandates faster than they opened new ones over the past three months as investor appetite waned for the asset class overall, data firm Morningstar said on Monday. Investment products with a declared aim to promote ethically responsible …
ESG fund closures in US outpace launches for first time since 2020 – Morningstar Read More »
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies’ third-quarter earnings, two Wall Street banks said. Microsoft, Alphabet, Amazon and Meta Platforms – four of the seven U.S. megacap stocks whose gains have powered the S&P 500 higher this …
Hedge funds trim exposure to megacap tech stocks, banks say Read More »
By David Shepardson WASHINGTON (Reuters) -The Biden administration on Monday named 31 U.S. regional technology hubs from 370 applicants, making the areas eligible for $500 million in federal funding to help spur innovation across a variety of sectors. President Joe Biden’s “industrial policy” effort uses federal government dollars to fund prospective growth sectors from electric …
US picks 31 regional hubs to spur tech innovation Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is planning to hold fire for now on any major policy adjustments after a shock win for the Peronist government in a general election on Sunday, two bank sources said, a sharp contrast to rapid moves after an August primary. Economy Minister Sergio Massa outperformed …
Argentina central bank to keep powder dry for now after election surprise -sources Read More »
