WASHINGTON, Dec 18 (Reuters) – White House economic adviser Kevin Hassett welcomed the consumer price index report on Thursday, saying the U.S. economy was showing high growth and lower inflation. “I’m not saying we’re going to declare victory yet on the price problem, but this is just an astonishingly good CPI report,” he said in …
White House adviser Hassett hails lower-than-expected inflation data Read More »
Dec 18 (Reuters) – There is “no doubt” that round-the-clock trading will be the norm across markets, Tradeweb’s Chief Executive Officer wrote in a letter published on Thursday, highlighting the pace at which the idea is gaining traction across Wall Street. Billy Hult, who oversees the rates and credit trading platform handling around $2.9 trillion …
Tradeweb CEO says round-the-clock trading to become mainstream Read More »
Dec 18 (Reuters) – Accenture beat Wall Street expectations for first-quarter revenue on Thursday, buoyed by robust demand for its artificial intelligence-driven IT services as the company advances its AI strategy to capture greater market share. The company’s aggressive AI push underscores a wider industry trend of enterprises using machine learning tools to help speed …
Accenture beats quarterly revenue estimate on strong demand for AI services Read More »
By Niket Nishant and Manya Saini Dec 18 (Reuters) – Medical supply giant Medline’s shares rose 41% above their offer price in their hotly anticipated New York debut on Wednesday, rounding out a strong year for U.S. IPOs with volumes hitting their highest since 2021. New listings made a strong comeback in 2025 after nearly …
Factbox-Hot or not? How high-profile 2025 US IPOs have performed Read More »
By Lisa Baertlein and ALEXANDRA SARABIA LOS ANGELES, Dec 18 (Reuters) – Nearly one in every 10 retail items that are returned for a refund in the U.S. is fraudulent, according to a UPS-owned reverse logistics company that says it plans to combat the $76.5 billion problem for the country’s retailers with artificial intelligence. This …
UPS company deploys AI to spot fakes amid surge in holiday returns Read More »
By Amina Niasse and Ahmed Aboulenein NEW YORK/WASHINGTON, Dec 18 (Reuters) – Americans facing skyrocketing Obamacare health insurance premiums could still get a break from expanded government subsidies in 2026 through retroactive legislation and possibly a special enrollment period, investors, analysts and industry experts say. President Donald Trump and the Republican Party have been divided …
Americans facing soaring health insurance costs may get a lifeline in 2026, experts say Read More »
By Svea Herbst-Bayliss and Shivani Tanna Dec 17 (Reuters) – Activist investor Elliott Management has amassed a stake of more than $1 billion in Lululemon Athletica and is lining up a potential CEO candidate as it pushes to revive the struggling athletic apparel retailer, a source told Reuters on Wednesday. Elliott has been working closely …
Elliott takes over $1 billion stake in Lululemon, source says Read More »
Dec 18 (Reuters) – Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to push Toyota group to improve its $30 billion bid to take Toyota Industries private, Bloomberg News reported on Thursday citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Anusha Shah …
Elliott woos other Toyota Industries investors in buyout fight, Bloomberg News reports Read More »
Dec 18 (Reuters) – Soo Kim, founder of New York hedge fund Standard General, has been in talks over potentially buying or investing in the Warner Bros Discovery television networks, the Financial Times reported on Thursday. Standard General has been approached by at least one major Warner Bros Discovery shareholder to acquire all or part …
Standard General in talks to invest in Warner Bros Discovery networks, FT says Read More »
By Joe Cash BEIJING, Dec 18 (Reuters) – China on Thursday split off a Belgium-sized island with an economy comparable to a mid-ranked country from the mainland for customs processing, part of a bid to join a major trans-Pacific trade deal and establish a new Hong Kong-style commercial hub. Officials hope that turning the southern …
China launches $113 billion free-trade experiment on Hainan island Read More »
