By Lucia Mutikani WASHINGTON (Reuters) -The level of U.S. employment for the 12 months through March could be slashed by as many as one million jobs when the government publishes its preliminary nonfarm payrolls benchmark estimate on Tuesday, economists predicted. The payrolls benchmark revision would come on the heels of news last Friday that job …
US job growth through March expected to be revised down sharply Read More »
SYDNEY (Reuters) -A measure of Australian business conditions picked up in August as firms reported better profits and employment, while input costs grew at the slowest pace since 2021 in a promising sign for inflation and margins. The survey from National Australia Bank showed its index of business conditions rose two points to +7 in …
Australia business conditions improve in August, cost pressures ease Read More »
By Scott Murdoch SYDNEY (Reuters) – Australia’s sovereign wealth fund, the Future Fund, said on Tuesday its valuation had reached A$252 billion ($166.22 billion) as it pared back its U.S. market exposure to boost investments in Germany and Japan. The fund delivered a 12.2% return in the year ended June 30, which the Future Fund …
Australia’s sovereign wealth fund tops $166 billion, reduces US portfolio Read More »
SYDNEY (Reuters) -A measure of Australian consumer sentiment eased back from 3-1/2-year highs in September as concerns about the economic outlook overshadowed a continued improvement in family finances, a survey showed on Tuesday. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment fell 3.1% to 95.4, having jumped 5.7% in August to its …
Australia consumer sentiment falls 3.1% in Sept on economic angst Read More »
By Georgina McCartney HOUSTON (Reuters) – Oil prices settled higher on Monday, recovering some of last week’s losses, after producer group OPEC+ opted for a modest output hike and investors priced in the possibility of more sanctions on Russian crude. OPEC+ flagged plans to further increase production from October, but the amount was less than …
Oil settles up after OPEC+ opts for modest output hike Read More »
By Kritika Lamba and Krystal Hu (Reuters) – Data analytics firm Databricks said on Monday it was on track to hit $4 billion in annualized revenue on the back of booming demand for its artificial intelligence products, as it closed a $1 billion funding round. The Series K funding valued the company at $100 billion, …
By David Shepardson WASHINGTON (Reuters) – The head of the Federal Aviation Administration said on Monday the agency had not made any decision on whether to lift the 38 planes per month 737 MAX production cap in place since early 2024, or on how it oversees Boeing production. “Progress is being made. It may not …
FAA has not made any decision on Boeing 737 MAX production cap Read More »
By Siddharth Cavale NEW YORK (Reuters) -A handful of apparel retailers including Levi Strauss are teasing more full-priced products, testing how much wealthier shoppers are willing to pay despite the sobering effect of tariffs. They have not been disappointed so far. Levi’s raised prices on some products in July but saw no slowdown in demand, …
US clothing retailers test full-price strategy as rich shoppers keep spending Read More »
By Noel Randewich and Purvi Agarwal (Reuters) – The Nasdaq notched a record high close on Monday, lifted by a rally in Broadcom, while the S&P 500 also gained as investors bet the Federal Reserve will soon lower borrowing costs to shore up economic growth. Investors expect multiple interest rate cuts this year after a …
Nasdaq notches record high close; traders focus on rate cuts Read More »
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs’ “small investment” of up to $1 billion in asset manager T. Rowe Price is aimed at giving investors broader access to private markets, CEO David Solomon said on Monday. Solomon was explaining the rationale for the investment announced last week, including their partnership to offer retail investors …
Goldman CEO says T. Rowe deal gives investors access to retirement products Read More »
