By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday it’s too soon to say whether the central bank will cut its interest rate target in September, as financial markets expect. “We have made no decisions about September, we don’t…do that in advance,” Powell said at the press conference following the latest Federal …
Fed’s Powell says no decision made yet on September rate cut Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the economy’s health as declining imports accounted for the bulk of the improvement and domestic demand increased at its slowest pace in 2-1/2 years. Details of the Commerce Department’s advance second-quarter gross domestic product …
Rebound in US economic growth in second quarter masks underlying slowing trend Read More »
By Miho Uranaka and Kane Wu TOKYO/HONG KONG (Reuters) -Three groups including Bain Capital and KKR are preparing to bid for Sapporo Holdings’ real estate business, according to two sources familiar with the matter. The sale price is expected to be around 400 billion yen ($2.7 billion), said one of the sources and a third …
Three groups eyeing bids for Sapporo’s $2.7 billion property business, sources say Read More »
By Jonathan Stempel NEW YORK (Reuters) -Zillow was sued on Wednesday by Homes.com owner CoStar Group, which accused the largest U.S. online real estate portal of publishing at least 46,979 copyrighted photos without permission. The complaint filed in Manhattan federal court seeks unspecified compensatory and punitive damages, which Arlington, Virginia-based CoStar estimated could exceed $1 …
Zillow sued by Homes.com owner CoStar for ‘massive’ copyright violations Read More »
(Reuters) -American Electric Power beat Wall Street estimates for second-quarter profit on Wednesday, and said it expects to announce a new, five-year capital plan this fall of about $70 billion to meet growing energy needs in the U.S. Shares were up 1% at $110.34 in premarket trading. In April, the U.S. Energy Information Administration (EIA) …
AEP beats profit estimates, expects new five-year capital plan of $70 billion Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Helion Energy, a startup backed by OpenAI’s Sam Altman and SoftBank’s venture capital arm, has started construction on a site for a planned nuclear fusion power plant that will supply power to Microsoft data centers by 2028, the company said on Wednesday. The site in Malaga, Washington, is in …
(Corrects July 9 story after the International Monetary Fund revised its Q1 data released to address reporting errors on Swiss franc and Australian dollar. Corrects headline, removes paragraph 3 and 7, updates first chart.) By Karin Strohecker and Grant Smith LONDON (Reuters) -The U.S. dollar’s share of global currency reserves reported to the International Monetary …
Dollar cedes ground to euro in global reserves, IMF data shows Read More »
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings reported a sharper-than-expected drop in profit on Wednesday, hurt by write-downs from exposures to a Chinese bank and Hong Kong real estate, while the bank pushed ahead with a global restructuring. Its 26% slump in pretax profit in the first half showed the challenge …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. Treasury Department said on Wednesday it does not anticipate increasing auction sizes for notes and bonds for at least the next several quarters, in line with market expectations, as it announced a $125 billion refunding from August to October 2025. It will, however, continue to make incremental …
US Treasury keeps notes, bonds auction sizes steady, increases debt buybacks Read More »
By Niket Nishant (Reuters) -KKR and Capital Group will launch a fund that will give investors exposure to both private and public equity, the investment firms said on Wednesday, as appetite rises for diversification beyond traditional assets. The fund, called Capital Group KKR U.S. Equity+, will be launched in early 2026 in the United States, …
KKR partners with Capital Group to launch fund blending public and private equity Read More »
