By Davide Barbuscia NEW YORK (Reuters) – Some U.S. corporate bond indicators have hit or are approaching new lows this week as a rout in the UK bond market and U.S. inflation worries slammed global debt valuations. BlackRock’s iShares iBoxx $ Investment Grade Corporate Bond ETF – a major exchange-traded fund tracking the U.S. investment-grade …
U.S. corporate bond ETFs plunge in global debt market rout Read More »
By Nate Raymond (Reuters) – The U.S. Supreme Court on Tuesday declined to hear McKinsey & Co’s bid to escape a lawsuit by retired turnaround specialist Jay Alix accusing the management consulting firm of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings. The justices turned away McKinsey’s …
U.S. Supreme Court spurns McKinsey & Co appeal in bankruptcy conflicts case Read More »
NEW YORK (Reuters) – Short interest on the Nasdaq rose 2.35% in late September, the exchange said on Tuesday. As of Sept. 30, short interest rose to about 12.497 billion shares, compared with 12.209 billion shares as of Sept. 15. Investors who sell securities “short” borrow shares and then sell them, expecting the stock to …
Nasdaq short interest up 2.35% in late September Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Sometimes it’s better to say nothing at all. On Tuesday, investors were breathing a sigh of relief, even though the IMF cut its global growth outlook, warned that “the worst is yet to come” and highlighted significant risks to global financial …
WASHINGTON (Reuters) – General Motors Co said on Tuesday it will invest up to $69 million and take an equity stake in Queensland Pacific Metals to secure a new source of nickel and cobalt for battery cells for use in the U.S. automaker’s vehicles. GM said the investment will help support electric-vehicle eligibility for consumer …
GM to take equity stake in Australian mining company Read More »
(Reuters) – Russia’s economy slowed significantly at the end of September, the central bank’s deputy chief said on Tuesday, citing data. Deputy Governor Alexei Zabotkin told lawmakers that capital controls could be implemented in full if there are serious risks to financial stability but that the central bank did not foresee this risk in its …
Russian economy slowed significantly at end of September, central bank says Read More »
By Jessica DiNapoli NEW YORK (Reuters) -Tide detergent maker Procter & Gamble Co faces a challenge to its Chief Executive Jon Moeller as its chairman of the board from environmental groups at its annual shareholder meeting on Tuesday, with some investors planning to vote against him in that role. Environmental non-profits including Friends of the …
P&G faces challenge to CEO Moeller as chairman from environmentalists, investors Read More »
(Reuters) – Starbucks Corp said on Monday it has sent dates and locations covering 79 stores for contract bargaining sessions to Workers United, the union which represents employees of the world’s largest coffee chain at about 200 cafes. Workers United did not immediately respond to a Reuters request for comment. The union had previously said …
Starbucks sends dates, locations for bargaining sessions with workers union Read More »
By Echo Wang NEW YORK (Reuters) – The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump’s social media company postponed on Monday its shareholder vote to Nov. 3 after failing to garner enough support to win a 12-month extension. At least 65% of the shareholders of Digital World Acquisition Corp …
Trump-tied SPAC delays vote after falling short on shareholder support Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks fell on Monday, with the Nasdaq posting its lowest close since July 2020, as investors worried about the impact of higher interest rates and pulled out of chipmakers after the United States announced restrictions aimed at hobbling China’s semiconductor industry. Federal Reserve Vice Chair Lael Brainard …
Nasdaq registers lowest close since July 2020; chips stocks fall Read More »
