By Davide Barbuscia NEW YORK (Reuters) – Much stronger-than-expected U.S. job growth stopped early-year rallies in stocks and bonds dead in their tracks on Friday, forcing Wall Street to recalibrate expectations for how much more hawkish the Federal Reserve will need to be in its fight against inflation. An unexpectedly dovish message from Fed Chair …
Jobs report jolts Wall Street bulls as inflation fears return Read More »
By Matt Tracy WASHINGTON (Reuters) – Banks are hoping to quicken the pace of offloading at least some of the billions of dollars of leveraged buyout debt stuck on their balance sheets since last year, on a renewed rally in U.S. junk bonds after Federal Reserve Chairman Jerome Powell’s more dovish-than-expected comments this week. Banks …
Renewed U.S. junk bond rally ignites hope for more stuck buyout debt Read More »
By David Shepardson WASHINGTON (Reuters) -Southwest Airlines Chief Operating Officer Andrew Watterson will testify on Feb. 9 before the U.S. Senate Commerce Committee after a holiday meltdown forced the budget carrier to cancel thousands of flights. The hearing titled “Strengthening Airline Operations and Consumer Protections” will also include Southwest Airlines Pilots Association President Captain Casey …
Southwest to testify at U.S. Senate hearing after meltdown Read More »
NEW YORK (Reuters) – The Federal Reserve is likely to raise interest rates by another 25 basis points (bps) at the March policy meeting following a blockbuster U.S. non-farm payrolls report for January, according to Morgan Stanley’s latest research note released on Friday. The U.S. investment bank previously called for a pause in the rate-hiking …
Morgan Stanley sees another 25-bps Fed hike in March after strong jobs report Read More »
By Mike Scarcella (Reuters) – A private lawsuit filed in California on Thursday seeks to stop Kroger Co’s planned $25 billion purchase of rival Albertsons Companies Inc, a deal that state attorneys general, consumer groups and some U.S. lawmakers have questioned as harmful to competition in the grocery market. The lawsuit was filed on behalf …
Grocery consumers sue to block Kroger’s $25 billion buy of Albertsons Read More »
FRANKFURT (Reuters) – Siemens Energy, which supplies equipment to the power sector, expects its business catering conventional energy sources to support its optimistic view for 2023, its chief executive said in a speech for the group’s annual general meeting. Siemens Energy’s gas and power segment has been a stabilising factor for the group during efforts …
Siemens Energy: gas and power business supports optimistic view for 2023 Read More »
By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian (Reuters) – The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. The Dow slipped, dragged down by declines in …
Nasdaq, S&P 500 post strong gains on Fed relief, Meta surge Read More »
DETROIT (Reuters) -Ford Motor Co on Thursday reported fourth-quarter profit fell from a year earlier, and the automaker blamed supply chain issues and production “instabilities” that raised costs and lower-than-expected volumes. Full-year profit was short of expectations and Ford shares dropped more than 6% in after-market trading. “We should have done much better last year,” …
Ford quarterly profit falls, shares drop after bell Read More »
By Greg Bensinger and Nivedita Balu (Reuters) -Alphabet Inc on Thursday reported lower-than-expected quarterly revenue as the Google parent’s digital ad business struggled under an economic slowdown that has choked corporate spending and triggered mass layoffs. Shares of Alphabet, which lost roughly 40% of their value in 2022, were down about 4% in after-hours trading. …
Alphabet revenue misses estimates as ad business takes a hit Read More »
(Reuters) -Amazon.com Inc beat Wall Street estimates for quarterly sales on Thursday, as the retailer’s marketing blitz during the holiday period helped attract shoppers. Amazon tapped into its huge base of Prime subscribers during the crucial holiday season with attractive early offers and discounts that helped drive business on its e-commerce platform, despite economic turbulence. …
