By Aishwarya Jain (Reuters) -Shares of Expedia surged nearly 12% than on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when …
Expedia shares soar on upbeat forecast, US travel rebound Read More »
(Reuters) -Global equity funds came under selling pressure while safe-haven demand bolstered money market funds in the week through August 6, as U.S. tariff announcements and data showing signs of weakness in the U.S. economy fuelled risk aversion. Investors sold off a net $7.82 billion worth of global equity funds during the week, adding to …
Global equity funds see outflows for second week on tariff, economic concerns Read More »
By Dan Catchpole SEATTLE (Reuters) -One year after taking the helm during Boeing’s deepest crisis in decades, CEO Kelly Ortberg has stopped the company’s freefall. Now, he faces new challenges: ramping up jet production, reviving a struggling defense and space division, and restoring profitability at the storied planemaker. Ortberg was comfortably retired in Florida when …
Analysis-CEO pulled Boeing out of nosedive, but new challenges approach Read More »
By Rashika Singh (Reuters) -J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing signs of weakness in the labor market and uncertainty around President Donald Trump’s latest Fed nomination. The brokerage had earlier forecast one 25-basis-point rate cut in December but said in a …
J.P.Morgan brings forward Fed rate cut forecast to September Read More »
(Reuters) -U.S. investors divested riskier equity funds and significantly invested in the safety of money market funds in the week through August 6, spooked by President Donald Trump’s new trade tariffs and discouraging economic readings. They pulled out a net $13.7 billion from U.S. equity funds in their largest weekly sales since June 25 while …
US equity funds see sharp outflows on tariff caution, economic concerns Read More »
(Reuters) -Tesla will streamline its AI chip research to focus on its development of inference chips used to run AI models and make real-time decisions, CEO Elon Musk said, after a media report he had ordered the closure of the in-house Dojo supercomputer team. Bloomberg News on Thursday cited people familiar with the matter as …
Tesla to streamline its AI chip design work, Musk says Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The S&P 500 may have stalled on Thursday, but the Nasdaq hit a new high, as a week of positive earnings surprises and rising Fed easing expectations overshadowed tariff worries and a few isolated …
PARIS (Reuters) -World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations’ Food and Agriculture Organization said. The FAO Food Price Index, which serves as a global benchmark for food …
World food prices at 2-year high on rising meat and edible oils, FAO says Read More »
SHANGHAI (Reuters) -China’s car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world’s biggest auto market crack down on a price war that has bruised the industry. Sales rose 6.9% from July 2024 to 1.85 million cars, down from an 18.6% year-on-year increase in June, data from …
China’s car sales growth slows in July, with weaker hybrid demand Read More »
(Corrects to add dropped word ‘who’ in paragraph 2) By Jasper Ward WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a newly vacant seat at the Federal Reserve while the White House seeks a permanent addition …
Trump picks Stephen Miran to fill open spot on Fed Board Read More »
