By Ann Saphir WASHINGTON, Dec 9 (Reuters) – White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on Tuesday there is “plenty of room” to cut interest rates further, though he added that if inflation rises the calculation may change. Meanwhile, President Donald Trump …
Fed chair front-runner Hassett says ‘plenty of room’ to cut rates Read More »
(Corrects paragraph 1, headline, cross-head and paragraph 9 to remove erroneous reference to CVS 2026 profit outlook being above Wall Street estimates, corrects to 2026 revenue outlook to ‘at least’ $400 billion, instead of erroneous ‘up to’ $400 billion) By Sneha S K and Amina Niasse Dec 9 (Reuters) – CVS Health raised its 2025 …
CVS raises its 2025 profit forecast as turnaround plan takes effect Read More »
By Arasu Kannagi Basil and Tatiana Bautzer NEW YORK, Dec 9 (Reuters) – Citigroup Chief Financial Officer Mark Mason said on Tuesday that investment banking fees are expected to jump in the fourth quarter from the same time last year, as dealmaking continues to run hot. “On the investment banking side, we’re seeing continued momentum, …
Citi CFO expects investment banking fees to climb in fourth quarter Read More »
(Corrects name of company on first reference in paragraph 1 to Global Infrastructure Partners from Global Infrastructure Fund) By Melanie Burton MELBOURNE, Dec 9 (Reuters) – BHP Group said on Tuesday that BlackRock-owned Global Infrastructure Partners (GIP) would invest $2 billion in Western Australia Iron Ore’s (WAIO) inland power network for a minority stake. The …
BHP strikes $2 billion funding deal with GIP for iron ore power network Read More »
Dec 9 (Reuters) – Disney said on Tuesday it has nominated former Apple Chief Operating Officer Jeff Williams as an independent director candidate for election at its 2026 annual shareholders’ meeting. The total size of Disney’s board will increase to 11 members, effective as of the election of directors at the meeting, if Williams is …
Dec 9 (Reuters) – U.S. President Donald Trump will soon launch a final round of interviews for Federal Reserve chair, the Financial Times reported on Tuesday. Trump and Treasury Secretary Scott Bessent are scheduled to meet with former Fed governor Kevin Warsh on Wednesday, the FT reported, citing three senior administration officials. The administration officials …
Trump to kick off final round of Fed chair interviews this week, FT reports Read More »
ORLANDO, Florida, Dec 9 (Reuters) – U.S. stocks, bonds and the dollar held relatively steady on Tuesday as investors braced for the Federal Reserve’s policy decision on Wednesday, while surprisingly hawkish remarks from Australia’s central bank governor rocked markets there. More on that below. In my column today, I look at a potential wild card …
By Aditya Soni, Deborah Mary Sophia and Nishit Navin BENGALURU, Dec 9 (Reuters) – Microsoft on Tuesday unveiled $23 billion in new artificial intelligence investments, with the bulk earmarked for India as the U.S. tech giant deepens its bet on one of the world’s fastest-growing digital markets. CEO Satya Nadella said Microsoft would spend $17.5 …
Microsoft unveils $23 billion in new AI investments with big focus on India Read More »
Dec 8 (Reuters) – Warby Parker said on Monday it is collaborating with Alphabet’s Google to develop lightweight AI-powered glasses, with the first product expected to launch in 2026. The announcement, made during The Android Show | XR Edition, marks the first time the companies have set a public timeline for the release since unveiling …
Warby Parker, Google to launch AI-powered smart glasses in 2026 Read More »
Dec 9 (Reuters) – GameStop posted third-quarter revenue below analysts’ estimates on Tuesday, as the video game retailer struggles to gain ground following its pivot to digital downloads and streaming, sending its shares down 5.8% in after-hours trading. The Grapevine, Texas-based company, once a dominant force in physical game sales and a poster child of …
GameStop quarterly revenue misses estimates amid struggles with digital pivot Read More »
