By Saqib Iqbal Ahmed NEW YORK (Reuters) -Options traders are bracing for a week of swings in U.S. stocks ahead of key inflation data, the Federal Reserve’s last policy meeting of 2022 and the final monthly options expiration of the year. Inflation data and the Fed’s outlook on monetary policy could give traders more clarity …
Options traders brace for big swings as U.S. CPI data, Fed meeting loom Read More »
By Richard Cowan WASHINGTON (Reuters) – The U.S. Senate will aim to vote on a bill to keep the federal government operating for one week past a Friday deadline, as Democrats and Republicans bicker over a longer-term measure likely to spend more than $1.5 trillion, Majority Leader Chuck Schumer said on Monday. “Over the weekend, …
U.S. Senate aims for stop-gap bill as funding deadline looms, Schumer says Read More »
By Timothy Gardner WASHINGTON (Reuters) -The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers the sun and stars that one day could provide a cheap source of electricity, three sources with knowledge of the matter said. The scientists at …
U.S. to reveal scientific milestone on fusion energy -sources Read More »
(Reuters) – New York Times Co said on Monday that its Chief Financial Officer Roland Caputo plans to retire next year. Caputo will continue to serve as CFO until his successor is identified, the company said, adding that he is expected to stay on through a transition period. The publisher’s shares fell about 1.1% in …
New York Times CFO Caputo plans to retire next year Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes rallied to kick off the trading week on Monday, lifted in part by gains in Microsoft and Pfizer, as investors girded for inflation data on Tuesday and a policy announcement from the Federal Reserve later in the week. Microsoft Corp rose 2.89% following the tech …
By Tom Westbrook SINGAPORE (Reuters) – Australia’s stockmarket is pulling in a growing slice of global investors’ funds, as the prospect of big dividends, relatively defensive performance and exposure to China’s reopening attracts cash despite a looming domestic slowdown. Australia’s A$2.3 trillion ($1.6 trillion) bank-and-miner dominated S&P/ASX 200 index has the highest dividend-to-stockprice ratio among …
Funds load up on exposure Down Under as China boost awaits Read More »
(Reuters) – Oracle Corp posted better-than-expected quarterly revenue on Monday, driven by strong demand for its cloud software business as companies move to hybrid working models. The software company’s total revenue rose 18.5% to $12.28 billion in the second quarter compared with a Refinitiv consensus estimate of $12.05 billion, per 19 analysts. (Reporting by Eva …
(Reuters) -Pfizer Inc said on Monday annual revenue from its mRNA vaccine portfolio could reach $10 billion to $15 billion by 2030, alleviating fears of a sharp hit to its topline from an expected decline in COVID vaccine demand and patent expirations. Shares of the New York City-based company rose nearly 2% to $52.59 during …
Pfizer sees $10 billion-$15 billion in potential revenue from mRNA vaccines by 2030 Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. new vehicle automotive fleet’s fuel efficiency was flat in the 2021 model year as automakers sold more sport utility vehicles and pickup trucks compared to cars, while the Detroit Three lagged behind foreign competitors and Tesla. The U.S. Environmental Protection Agency said on Monday the fleetwide real-world average …
U.S. auto fleet fuel efficiency flat in 2021 as Detroit Three lag Read More »
OTTAWA, Dec 12 (Reuters) – The Bank of Canada’s rapid-fire rate hikes are starting to slow the economy, the governor said on Monday, but while the bank wants to avoid a recession, there is a risk sticky inflation will require “much higher” rates. Speaking to business leaders in Vancouver, Governor Tiff Macklem said the tightening …
Bank of Canada says higher rates are starting to work, frets over inflation risk Read More »
