By Michael S. Derby NEW YORK, Dec 12 (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said Friday that given her own take on the economy she would prefer monetary policy to be tighter than it is currently. The Fed’s rate cut this week along with past easings this year has interest rate …
Fed’s Hammack would prefer tighter policy given too high inflation Read More »
By Jody Godoy NEW YORK, Dec 12 (Reuters) – Netflix says it must acquire Warner Bros Discovery to compete with YouTube, but antitrust experts doubt regulators will buy that argument. The streaming giant’s $72 billion takeover of Warner Bros Discovery’s studios and HBO Max will face scrutiny from U.S. and global regulators, given its scale …
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim Read More »
Dec 12 (Reuters) – The S&P 500 and the Nasdaq opened lower on Friday as Broadcom’s latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve’s less-hawkish-than-expected signals on 2026 rate cuts. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 102.80 points, or 0.21%, to 48,806.81, the …
S&P 500, Nasdaq opens lower as Broadcom adds to AI bubble angst Read More »
WASHINGTON, Dec 12 (Reuters) – The Trump administration will work with Congress in coming weeks and months to craft a single national framework to regulate developments in the field of artificial intelligence (AI), White House adviser Sriram Krishnan told CNBC on Friday. Krishnan told CNBC’s “First on CNBC” program that an executive order signed Thursday …
White House will work with Congress on single framework for AI, adviser says Read More »
By Michael S. Derby NEW YORK, Dec 12 (Reuters) – Federal Reserve Bank of Philadelphia President Anna Paulson said Friday her main concern right now is the state of the job market, in remarks that also said the current state of monetary policy should help bring down inflation to the Fed’s 2% target. “On net, …
Fed’s Paulson says monetary policy still working to cool inflation Read More »
Dec 12 (Reuters) – U.S. investors bought equity funds for the first time in three weeks in the week through December 10 in anticipation of a policy rate cut by the Federal Reserve on Wednesday. They purchased a net $3.3 billion worth of U.S. equity funds during the week, closely reversing a net $3.52 billion …
U.S. equity funds draw first weekly inflow in three weeks ahead of Fed easing Read More »
Dec 12 (Reuters) – Global equity funds attracted significant inflows in the week to December 10 as investors positioned for a potential Federal Reserve rate cut, despite lingering concerns over stretched tech valuations and heavy AI-related spending. Investors acquired global equity funds of a net $12.9 billion, the highest for a week since $22.72 billion …
Global equity funds draw largest weekly inflow in five weeks Read More »
NEW YORK, Dec 12 (Reuters) – Wells Fargo, the fourth-biggest U.S. bank, plans to extend its hiring spree in investment banking after new recruits and efforts to grow market share significantly boosted the lender’s ranking in mergers and acquisitions. The momentum in investment banking comes as Wall Street executives express optimism about the outlook for …
Wells Fargo hiring spree fuels investment banking ambitions Read More »
By Anna Szymanski LONDON, December 12 (Reuters) – Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! Federal Reserve Chair Jay Powell buoyed markets by executing that most rare of monetary policy moves: the dovish ‘hawkish cut’. But the spectre of …
By Howard Schneider WASHINGTON, Dec 12 (Reuters) – Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over the cost of living with home mortgage rates expected to remain comparatively high, tariff-related price increases on goods seen persisting through the first part of …
US inflation may slow, but the affordability debate is likely to keep raging Read More »
