Dec 9 (Reuters) – Wall Street’s main stock indexes were subdued at the open on Tuesday as investors awaited the Federal Reserve’s policy decision, while Nvidia shares were whipsawed by contrasting news around exports of advanced AI chips to China. The Dow Jones Industrial Average fell 14.8 points, or 0.03%, at the open to 47,724.52. …
Wall St subdued at open as Fed rate cut decision nears Read More »
By Jamie McGeever ORLANDO, Florida, Dec 8 (Reuters) – Financial pundits seem convinced that the new Federal Reserve chair will be an uber-dovish Donald Trump loyalist intent on slashing interest rates regardless of the economic fundamentals. Markets aren’t buying it. Jerome Powell, whose eight-year term as Fed chair ends in May, is widely expected …
Will Trump’s Fed pick slash rates? The market doesn’t think so: McGeever Read More »
By Howard Schneider WASHINGTON, Dec 9 (Reuters) – The final U.S. Federal Reserve meeting of the year this week precedes a turbulent 2026 that will see key policymaker changes, including the arrival of a new leader to be named by President Donald Trump, and tests of its independence amid legal and political pressure. Aside from …
Factbox-Fed faces turbulent 2026 as Powell’s term ends, independence tested Read More »
Dec 8 (Reuters) – Morgan Stanley, Standard Chartered and Nomura became the latest brokerages to forecast an interest rate cut by the U.S. Federal Reserve in December, as dovish signals from key voting members and weakness in the labor market ramped up hopes of lower borrowing costs. The brokerages joined global peers such as J.P.Morgan …
Factbox-Major brokerages boost bets on December Fed rate cut ahead of policy meeting Read More »
Dec 9 (Reuters) – Campbell’s Co beat Wall Street estimates for first-quarter sales on Tuesday, helped by resilient demand for its canned soups and ready-to-eat meals as consumers opt to eat more at home amid economic uncertainty. Persistent inflation and tariff-related volatility have led to shoppers stocking up on pantry staples to cook meals rather …
Campbell’s beats sales estimates on resilient demand for packaged food products Read More »
Dec 9 (Reuters) – Beijing is set to limit access to Nvidia’s advanced H200 chips despite U.S. President Donald Trump’s decision to allow the export of the technology to China, the Financial Times reported on Tuesday, citing two people with knowledge of the matter. Regulators in Beijing have been discussing ways to permit limited access …
China to limit access to Nvidia’s H200 chips despite Trump export approval, FT reports Read More »
WASHINGTON, Dec 9 (Reuters) – U.S. President Donald Trump said support for immediately cutting interest rates would be a requirement for anyone he chose to lead the Federal Reserve, according to a Politico interview published on Tuesday. Asked if it was a litmus test that the new central bank chair immediately lower interest rates, Trump …
Trump says support for interest rate cuts is key test for Fed chair nominee Read More »
By Daina Beth Solomon SANTIAGO, Dec 9 (Reuters) – Chilean authorities in August raised concerns over a large crack and leaks at Teck’s flagship Quebrada Blanca copper mine and criticized the miner for not immediately reporting the issues, according to documents reviewed by Reuters. The crack and leaks were alarming enough to lead some workers …
Exclusive-Chilean regulator, workers flagged risk at Teck’s Quebrada Blanca dam Read More »
By Mike Dolan Dec 9 – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started its two-day meeting. …
Morning Bid: Wobbling bonds find a level as Fed meets Read More »
By Jody Godoy WASHINGTON, Dec 8 (Reuters) – Jared Kushner’s financing role in Paramount’s $108 billion bid for Warner Bros Discovery injects Trump-family interests into one of the biggest media battles in years, raising concerns over whether the president’s influence could tip the scales. Paramount Skydance on Monday launched a hostile bid for Warner Bros …
Kushner role in bid for Warner Bros raises ethical questions, experts say Read More »
