By Lisa Richwine LOS ANGELES -Walt Disney’s ESPN will deliver its full range of sports programming outside of pay TV for the first time starting on Thursday, when the network debuts an app designed to be a hub for live games and personalized news, stats and highlights. The ESPN app is Disney’s effort to capture …
Disney’s new ESPN app reaches for sports fans outside cable TV Read More »
By Lewis Krauskopf NEW YORK (Reuters) -U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away from the high-flying sector. Investors are looking to de-risk portfolios or lock in profits during a seasonally difficult period for …
US tech-stock stumble shows vulnerability in AI trade Read More »
A look at the day ahead in European and global markets from Kevin Buckland The Federal Reserve has the full attention of global markets, not least because the U.S. central bank’s highly anticipated Jackson Hole symposium kicks off later today. Central bankers from around the world will attend, and investors are likely to hang on …
Morning Bid: Jackson Hole to open under Trump’s shadow Read More »
By Howard Schneider WASHINGTON (Reuters) -President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign on the basis of allegations made by one of his political allies about mortgages she holds in Michigan and Georgia, intensifying his effort to gain influence over the U.S. central bank. Cook said she had “no …
Trump calls on Fed Governor Cook to resign over mortgage allegations Read More »
(Corrects spelling of ‘dairy’ in headline) (Reuters) -New Zealand’s Fonterra Co-operative Group on Thursday increased its milk price forecast for the 2024/2025 season, banking on stable global dairy prices and solid sales book. The company increased the midpoint of its annual forecast for farmgate milk price – the price it pays to farmers for milk …
NZ’s Fonterra raises annual milk price forecast on stable dairy prices Read More »
(In paragraph 10, please read “Fed Chair Jerome Powell is expected to speak on Friday at the central bank’s annual conference” instead of the conference “kicks off Friday” with a speech.) By Johann M Cherian, Sanchayaita Roy and Carolina Mandl (Reuters) -The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and …
Nasdaq, S&P 500 end lower as investors sell tech, buy less pricey sectors Read More »
By Leika Kihara TOKYO (Reuters) -In 2024, Kazuo Ueda delivered Japan’s first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of ultra-loose monetary settings – now, the Bank of Japan head is among the policy board’s least hawkish members. The 73-year-old governor will attend the Federal …
Analysis-BOJ chief’s dogged caution tempers board’s hawkish instincts Read More »
By Fabian Cambero VALPARAISO (Reuters) -Chilean copper miner Codelco will lower its 2025 production guidance after an accident at its flagship El Teniente mine knocked 33,000 metric tons off the facility’s output, executives said on Wednesday. El Teniente is now forecast to produce 316,000 tons this year, CEO Ruben Alvarado told a congressional hearing about …
Chile’s Codelco to lower 2025 copper target after El Teniente accident Read More »
(Corrects second-last paragraph to say Assef is already chair, not named chair) By Saeed Azhar NEW YORK (Reuters) -Bank of America promoted Faiz Ahmad and Mike Joo to co-heads of global investment banking as part of a broader leadership reshuffle in the business, according to an internal memo seen by Reuters on Wednesday. All of the investment bank’s …
BofA names Faiz Ahmad, Mike Joo as co-heads of investment banking, memo says Read More »
(Reuters) -Entergy’s Louisiana unit received the state’s regulatory approval to move forward with infrastructure investments tied to Meta’s new global data center in Richland Parish, the utility firm said on Wednesday. Facebook and Instagram parent Meta said in December last year it would invest $10 billion in the Louisiana data center, in what would be …
