A look at the day ahead in European and global markets from Gregor Stuart Hunter The greenback is getting a reprieve as monetary authorities in Asia’s biggest economies signal discomfort with weakness in the U.S. currency, which hit a five-week low this week. The U.S. dollar index has snapped a nine-day losing streak, last rising …
Morning Bid: Day off for dollar debasement trade Read More »
By Isla Binnie NEW YORK, Dec 4 (Reuters) – Private equity firms in the United States are on track to cash out more of their investments this year than in 2024 in a welcome recovery for dealmaking, but transactions will need further bolstering to help clear the increasing build-up of older assets on their books, …
US private equity exit deals set for second year of recovery, PitchBook finds Read More »
By Scott Murdoch and Christine Chen SYDNEY, Dec 4 (Reuters) – Australian lender ANZ Group’s influential proxy advisor Institutional Shareholder Services on Thursday recommended investors vote against the bank’s executive pay report – making it the second advisor group to do so this week. CGI Glass Lewis on Monday said shareholders should also vote against …
Second ANZ proxy advisor recommends vote against pay report Read More »
By David Shepardson WASHINGTON, Dec 3 (Reuters) – President Donald Trump on Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in a push to make it easier for automakers to sell gasoline-powered cars. Trump’s action aims to undo one of Biden’s signature climate moves as he sought to …
Trump proposes slashing fuel economy rules in boost for gas vehicles Read More »
Dec 3 (Reuters) – Wikipedia is working with Big Tech on deals similar to its arrangement with Google, the online encyclopedia’s co-founder, Jimmy Wales, said on Wednesday, in a bid to help the firm monetize AI companies’ heavy reliance on its content. Speaking in an interview at the Reuters NEXT summit in New York, Wales …
Wikipedia seeks more AI licensing deals similar to Google tie-up, co-founder Wales says Read More »
By Kritika Lamba Dec 3 (Reuters) – Snowflake forecast fourth-quarter product revenue above analysts’ estimates but falls short of lofty investor expectations for stronger growth, sending its shares down about 8% in extended trading. The cloud data analytics firm, whose shares have surged more than 70% this year, expects product revenue of $1.19 billion to …
Snowflake’s product revenue outlook falls short of investor ambition, shares fall Read More »
By Chuck Mikolajczak NEW YORK, Dec 3 (Reuters) – U.S. stocks advanced to close higher on Wednesday, as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal Reserve next week, while a fall in Microsoft’s shares curbed the advance. The record-long 43-day U.S. government shutdown kept investors in …
Indexes close higher as data keeps Fed rate cut expectations elevated Read More »
Dec 3 (Reuters) – Paramount Skydance has raised the proposed breakup fee in its bid to acquire Warner Bros Discovery to $5 billion from $2.1 billion, Bloomberg News reported on Wednesday, citing people familiar with the offer. The sum would be paid to Warner Bros if a deal is agreed to but not consummated, the …
Paramount raises breakup fee in Warner Bros bid to $5 billion, Bloomberg News reports Read More »
By Zaheer Kachwala Dec 3 (Reuters) – Salesforce raised its fiscal 2026 revenue and adjusted profit forecasts on Wednesday, anticipating growth in its artificial intelligence agent platform due to strong enterprise demand, sending its shares up more than 2% in extended trading. The forecast signals that monetization for the company’s Agentforce platform is picking up …
Salesforce raises annual forecasts as AI software adoption picks up steam Read More »
By Sheila Dang HOUSTON, Dec 3 (Reuters) – Chevron said on Wednesday that capital expenditure for 2026 will be between $18 billion and $19 billion as the oil major focuses on production in the U.S. and investments connected to a recently-acquired oil stake in Guyana. The range is at the low-end of previous guidance that put …
Chevron to spend up to $19 billion next year in focus on US, Guyana oil production Read More »
