(Reuters) -Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the second time this year as they look to prevent further slowing in the labor market. Odds are it won’t be the last of the series. Climbing unemployment insurance claims suggest that …
Fed poised to cut rates this week, with more easing likely on tap Read More »
(Corrects spelling of “Buffett” in bullet-point summary) By Amina Niasse and Sriparna Roy NEW YORK (Reuters) -Some long-term UnitedHealth Group investors are putting their faith in the return of a CEO with a proven track record and a new management team they believe can deliver a turnaround for the historically high-growth Optum health services business …
UnitedHealth investors pin turnaround hopes on new CEO Read More »
(Reuters) -Albemarle said on Monday it will sell a 51% stake in its refining catalyst solutions business, Ketjen, to private equity firm KPS Capital Partners, and divest its 50% interest in the Eurecat joint venture to France’s Axens SA, in deals worth about $660 million. Albemarle, one of the world’s largest lithium producers, said it …
Albemarle to divest Ketjen control, Eurecat stake in deals worth $660 million Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are re-examining their holdings of longer-dated Treasuries, with some reducing positions and others even going short relative to their benchmark, as the Federal Reserve prepares to cut interest rates by another quarter percentage point on Wednesday. Many bond investors expect the Fed to continue to adopt a …
Countdown to Fed cut: Bond investors scale back on longer-dated Treasuries Read More »
By Aditya Soni (Reuters) -As America’s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble? Microsoft, Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. …
Big Tech to report earnings under specter of AI bubble Read More »
By Anmol Choubey (Reuters) -Gold’s winning streak is seen extending into next year, with analysts forecasting an annual average price above $4,000 per ounce for the first time as economic and geopolitical turmoil keep the metal’s safe-haven allure intact, a Reuters poll showed. The poll of 39 analysts and traders returned a median forecast of …
Annual 2026 gold price forecast tops $4,000/oz for first time: Reuters poll Read More »
By Anmol Choubey and Polina Devitt (Reuters) -Analysts have sharply raised their price forecasts for platinum and palladium in 2026, citing tight mine supply, tariff uncertainty and rotation from investment demand for gold, as platinum nears its best yearly performance and palladium marks its best year since 2017. Spot prices for platinum and its sister …
Analysts raise 2026 price forecasts for platinum, palladium after 2025 rally Read More »
(Reuters) -The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The NHTSA said the issue stems from engine bearing failures in GM’s L87 6.2-litre engine installed in models …
NHTSA to expand probe into 286,000 GM vehicles over possible engine failure issue Read More »
By Ernest Scheyder (Reuters) -Antimony and gold miner Perpetua Resources is the first investment from JPMorgan Chase’s $1.5 trillion investment fund for U.S. national security, a move underscoring the company’s key role in producing a metal whose exports China has blocked and which is used to make bullets and other weaponry. Under the agreement, details …
JPMorgan picks Perpetua Resources for $1.5 trillion security fund’s first investment Read More »
By Promit Mukherjee OTTAWA (Reuters) -Economists expect the Bank of Canada to make a second consecutive policy rate cut this week due to a slowing economy and high joblessness. Canada’s economy contracted in the second quarter by 1.6% as U.S. tariffs on Canadian imports of steel, autos and lumber eroded demand and slashed employment levels. …
Bank of Canada poised to cut rates to 2.25% amid economic slowdown Read More »
