By Howard Schneider WASHINGTON, Dec 10 (Reuters) – The U.S. Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent government shutdown and work through competing views about the risks facing the economy. The anticipated quarter-percentage-point cut may well come with a non-committal …
Fed expected to lower rates, but may signal a coming pause Read More »
By Yagnoseni Das Dec 10 (Reuters) – Shares of GE Vernova surged to a record high on Wednesday after the power equipment maker forecast higher revenue for 2026 and raised its share buyback plans by $4 billion. Rising electricity use from artificial intelligence and other data-heavy industries is driving strong growth across the company’s grid …
GE Vernova hits record high on bullish 2026 revenue outlook, buyback boost Read More »
Dec 10 (Reuters) – Wall Street’s main stock indexes opened little changed on Wednesday, ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an interest rate cut, while investors remain wary of hawkish commentary on the path of future easing. The Dow Jones Industrial Average rose 13.7 points, or 0.03%, …
Wall Street subdued at open ahead of Fed interest rate verdict Read More »
Dec 9 (Reuters) – Eli Lilly said on Tuesday it will invest more than $6 billion in a new active drug ingredient manufacturing facility in Huntsville, Alabama, to expand U.S. production and bolster medicine supply chains. The site, the third new U.S. facility announced by Lilly, will make small-molecule synthetic and peptide medicines, including orforglipron, …
Eli Lilly to build $6 billion Alabama plant as part of US manufacturing push Read More »
Dec 10 (Reuters) – The U.S. Treasury Department has proposed taking a more central role in the enforcement of anti-money-laundering rules, the Wall Street Journal reported on Wednesday. (Reporting by Hyunsu Yim in Barcelona; Editing by Andrew Heavens)
By Sarupya Ganguly BENGALURU, Dec 10 (Reuters) – U.S. home prices will rise just 1.4% in 2026 after a similar performance this year, a Reuters poll of property experts showed on Wednesday, the slowest annual pace in 14 years despite expectations for several more interest rate cuts. While that might be good news for first-time …
US home price rises to stay modest as mortgage rates stick: Reuters poll Read More »
BUENOS AIRES, Dec 10 (Reuters) – Higher beef prices pushed up the pace of monthly inflation in Argentina in November but the yearly rate likely dropped to a new seven-year low, a Reuters poll of economists showed. The monthly pickup in consumer price rises from October was seen as only marginal thanks to the impact …
Argentina monthly inflation pushed up by higher beef prices in November: Reuters poll Read More »
By Laila Kearney and Lewis Jackson NEW YORK, Dec 10 – Gas turbine maker GE Vernova is working with the U.S. government to increase its stockpiles of the rare earth yttrium, CEO Scott Strazik said on Tuesday, as China’s export controls of the vital element create shortages across energy, aerospace and semiconductors. GE Vernova – …
GE Vernova working with US government to boost stocks of rare earth yttrium Read More »
By Marc Jones LONDON, Dec 10 (Reuters) – By Marc Jones, global markets correspondent What matters in U.S. and global markets today Wall Street futures and bond and FX markets are hunkering down as crunch time nears for a divided Federal Reserve policy board, while earnings from Oracle and Broadcom will provide the latest test …
By Vidya Ranganathan LONDON, Dec 9 (Reuters) – What is expected to be one of the most ructious Federal Reserve policy meetings in years this week could well prove to be the road test for financial markets on how U.S. monetary policy debates will shape up in 2026. Heading into the two-day meeting that began …
Investors warm up for long spell of discordant Fed Read More »
