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(Reuters) – Speculators raised their short positions on two-year Treasury note futures to the most since at least 1990 in the latest week, Commodity Futures Trading Commission (CFTC) data showed on Monday. Net shorts on U.S. two-year note futures rose to 483,273 in the week ending Nov. 8 from 437,785 the previous week. The increase …

Short bets on 2-year Treasury futures largest since 1990 Read More »

WASHINGTON (Reuters) – A third U.S. rail union has rejected a tentative national contract reached in September. The International Brotherhood of Boilermakers (IBB), which represents approximately 300 rail employees, did not ratify the agreement, said the National Carriers’ Conference Committee (NCCC), which represents the nation’s freight railroads in bargaining. Last week, the NCCC and another …

Third U.S. union votes to reject national rail contract deal Read More »

By David Randall and Svea Herbst-Bayliss NEW YORK (Reuters) – Farallon Capital Management, Triatomic Capital, and Franklin Resources Inc were among the large investors that added positions in Twitter Inc over the third quarter, putting themselves in position to reap gains when Elon Musk’s $44 billion acquisition of the social media company closed in October, …

Farallon, Franklin Templeton among potential winners in Twitter Read More »

By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – The S&P 500 fell on Monday, with declines in real estate and financial shares, as investors digested comments from U.S. Federal Reserve officials about plans for interest rate hikes and looked for next catalysts after last week’s big stock market rally. Fed Vice Chair Lael …

S&P 500 falls as investors gauge Fed’s policy path Read More »

By David Shepardson WASHINGTON (Reuters) -Boeing Co said operators of its 787 Dreamliner jetliners have experienced paint peeling issues on wing and horizontal stabilizer surfaces due to ultraviolet radiation exposure, and asked U.S. regulators to approve its plan to address the issue. The U.S. planemaker’s interim fix involves repeated use of speed tape over affected …

Boeing wants U.S. FAA to OK paint fix for 787 wing peeling Read More »

WASHINGTON (Reuters) – U.S. President Joe Biden has tapped Martin Gruenberg to serve as chairman of the board of directors of the Federal Deposit Insurance Corporation, the White House said on Monday. Gruenberg has been serving in the role in an acting capacity since February, according to the FDIC website. He joined the FDIC Board …

Biden taps Federal Deposit Insurance Corporation chair Read More »

By Diane Bartz, David Shepardson and Karen Freifeld WASHINGTON (Reuters) -Alphabet’s Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users’ locations, the Michigan attorney general’s office said Monday. The investigation and settlement, which was led by Oregon and Nebraska, is a sign of mounting …

Google to pay nearly $400 million to settle U.S. location-tracking probe Read More »

(Reuters) – Goldman Sachs said it expects a “significant” decline in U.S. inflation next year due to easing in supply chain constraints, a peak in shelter inflation and slower wage growth. The U.S. lender on Sunday forecast core personal consumption expenditure (PCE) –– the Federal Reserve’s preferred measure of inflation –– falling to 2.9% by …

Goldman Sachs expects “significant” decline in U.S. inflation in 2023 Read More »

DUBAI (Reuters) – Saudi Arabia’s sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East, focused on Saudi Arabia. The Public Investment Fund (PIF), which manages more than $600 billion in assets, said their non-binding memorandum of understanding will serve as the anchor for BlackRock’s Middle East …

Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects Read More »