By Michael S. Derby (Reuters) -Federal Reserve Bank of St. Louis President Alberto Musalem suggested Friday he will support a central bank interest rate cut at the end of the month, while warning it’s important for the Fed not to go too far with easing the cost of credit amid still unsettled inflation risks. Responding …
Fed’s Musalem leans toward supporting October interest rate cut Read More »
By Tanay Dhumal (Reuters) -SLB does not expect to see a significant pickup in North American drilling activity due to high production costs at some shale basins, its top boss said on Friday, although the region contributed to its third-quarter profit beat. CEO Olivier Le Peuch’s cautious tone comes as the U.S. Energy Information Administration …
SLB’s Le Peuch sees no major rebound in North America activity Read More »
By Manya Saini and Arasu Kannagi Basil (Reuters) -American Express raised the lower end of its 2025 profit and revenue forecasts on Friday, as its affluent customers looked past economic uncertainty and continued spending ahead of the holiday season. Analysts expect AmEx to benefit from spending by high-income customers, particularly on travel and luxury purchases, …
AmEx updates 2025 forecasts as affluent customers keep up spending Read More »
By Christy Santhosh (Reuters) -Medical device maker Boston Scientific said on Friday it will buy the remaining equity in privately held Nalu Medical for about $533 million in cash, expanding its portfolio of treatments for chronic pain. The deal gives Boston Scientific access to Nalu’s neurostimulation device, designed to deliver targeted relief to adults living …
Boston Scientific boosts chronic pain therapy portfolio with Nalu deal Read More »
WASHINGTON (Reuters) -World Bank President Ajay Banga on Friday stressed the need to increase transparency in debt restructuring processes to give greater clarity to all parties involved, including by expanding the debtor reporting system to all Group of 20 major economies. Banga said the World Bank was working very closely with the International Monetary Fund …
World Bank’s Banga calls for more transparency in debt restructuring process Read More »
By Suzanne McGee (Reuters) -The U.S. exchange-traded fund market is churning out new products at an unprecedented clip, creating concerns about a bubble developing – causing some investors to become more selective about which funds to support and question how many can survive. The ETF industry has exploded in size in response to regulatory changes …
Rapid growth of ETF market triggers fears of bubble Read More »
(Reuters) -U.S. equity funds saw renewed demand in the week to October 15 as signals of further rate cuts from Federal Reserve Chair Jerome Powell and a solid start to the corporate earnings season eased concerns over trade tariffs and a government shutdown. LSEG data showed investors purchased a net $1.04 billion in U.S. equity …
U.S. equity funds regain inflows on rate-cut bets, upbeat earnings Read More »
WASHINGTON (Reuters) -White House economic adviser Kevin Hassett said on Friday that banks have ample reserves and that he was optimistic that credit markets could stay ahead of the curve. Markets should realize there is a new administration in the United States, Hassett, director of the National Economic Council, said in an interview with Fox …
White House’s Hassett on credit markets: optimistic we can stay ahead of curve Read More »
(Reuters) -Truist Financial reported a rise in third-quarter profit on Friday, driven by a strong wealth management segment and increased interest income, sending its shares up 2% in premarket trading. A cooling labor market and moderating inflation prompted the Federal Reserve to cut interest rates in September, its first reduction this year, benefiting lenders by …
Truist’s third-quarter profit rises on robust wealth management and interest income Read More »
(Reuters) -Regions Financial reported a rise in third-quarter profit on Friday, benefiting from stronger capital markets and higher income from interests, sending its shares up about 1% in premarket trading. Dealmaking rebounded in the third quarter, marking a year that analysts are calling a turning point for global mergers and acquisitions, as boardrooms advanced pending …
Regions Financial’s third-quarter profit rises on dealmaking recovery Read More »
