(Reuters) -Goldman Sachs raised its year-end target for the S&P 500 to 6,800 from an earlier 6,600, implying a 2.04% upside from its last close as it cited a dovish U.S. Federal Reserve and resilient corporate earnings. In a note late on Friday Goldman also raised its 6-and-12-months return forecasts to 5% and 8%, implying …
Goldman Sachs lifts S&P 500 index’s annual target Read More »
By Peter Hobson and Stella Qiu CANBERRA/SYDNEY (Reuters) -Australia’s economy is in a good place, its top central banker said on Monday, while slowing inflation and a resilient labour market mean policymakers have room to ease policy further if needed to deal with shifting risks. Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock …
Australia’s economy in a good place, though risks loom, RBA governor says Read More »
By Aditya Soni and Echo Wang SAN FRANCISCO/NEW YORK (Reuters) -Panic, confusion and anger reigned as workers on H-1B visas from India and China were forced to abandon travel plans and rush back to the U.S. after President Donald Trump imposed new visa fees, in line with his wide-ranging immigration crackdown. Tech companies and banks …
By Patrick Wingrove and Emma Rumney NEW YORK/LONDON (Reuters) -The U.S. Food and Drug Administration will ease requirements on nicotine pouch manufacturers under a new pilot program, internal meeting transcripts show, in the first clear sign of a softer stance on smoking alternatives under Trump’s White House. The FDA has long applied rigorous tests to …
By David Shepardson WASHINGTON (Reuters) -Flight operations at two Dallas-area airports returned to normal operations on Saturday as the Federal Aviation Administration detailed telecom failures by a telecommunications company that it said led to more than 2,000 flight disruptions. American Airlines, the largest carrier at Dallas Fort Worth Airport, said more than 100,000 passengers were …
Dallas airports return to normal as FAA details problem that caused outage Read More »
By Dawn Chmielewski, Helen Coster and Aditya Soni LOS ANGELES, CALIFORNIA (Reuters) – ABC’s abrupt suspension of talk show host Jimmy Kimmel under pressure from the Federal Communications Commission is the latest demonstration of the power President Donald Trump wields to bend media, entertainment and digital platforms to his will, as he uses political pressure …
Disney’s Kimmel suspension shows Trump’s increasing grip over media Read More »
By Samuel McKeith (Reuters) -Optus, Australia’s No. 2 telecom carrier, said on Saturday it would cooperate with official investigations after four people died following a technical failure that disrupted emergency call services for 13 hours. Amid a growing outcry, two of the dead were identified as an eight-week-old boy and a 68-year-old woman, police in …
(Reuters) – Tesla has been approved to start testing autonomous robotaxi vehicles with a safety monitor in Arizona, the state transportation department said in an email to Reuters on Friday. Tesla had applied in June for a permit to begin trials for an autonomous vehicle ride-sharing service, and now plans to test robotaxis in the …
Tesla wins approval to test autonomous robotaxis in Arizona Read More »
By Abhinav Parmar and Harshita Mary Varghese (Reuters) – Comcast is planning to cut jobs at its biggest unit that houses its Xfinity internet, mobile and pay television business, a source familiar with the matter said on Friday, as the company attempts to centralize operations and bolster its broadband business. Starting January, Comcast will remove …
(Reuters) – The Trump administration blocked U.S. Steel’s plan to shut down production at one of its plants in Illinois, flexing its so-called golden share authority, the Wall Street Journal reported on Friday, citing a person familiar with the matter. U.S. Steel, now owned by Tokyo-based Nippon Steel, said in a statement on Friday that …
Trump invokes ‘golden share’ to block U.S. Steel plans for Illinois plant, WSJ reports Read More »
