By Nicole Jao and Shariq Khan NEW YORK (Reuters) -U.S. gasoline prices could fall below $3 a gallon this summer for the first time in over four years as a stretch of bad weather events dampens fuel demand and a jump in imports fills inventories. Gasoline prices have been in a lull in recent months, …
High imports, soft summer demand weigh on US gasoline Read More »
(Corrects July 21 story to say in paragraph 2 that Morgan Stanley expects S&P 500 to reach 7,200 points by middle of next year, not this year) (Reuters) -Morgan Stanley backed its bullish stance on U.S. equities on Monday, citing strong earnings momentum, and said it was expecting a modest pullback in the third quarter …
Morgan Stanley stays bullish on US stocks (July 21) Read More »
By Manoj Kumar NEW DELHI (Reuters) -The prospects of an interim trade deal between India and the United States before Washington’s August 1 deadline have dimmed, as talks remain deadlocked over tariff cuts on key agricultural and dairy products, two Indian government sources said. U.S. President Donald Trump threatened a 26% tariff on Indian imports …
India-US interim trade deal prospects dim ahead of tariff deadline, sources say Read More »
(Reuters) -JPMorgan Chase is exploring plans to lend against clients’ cryptocurrency holdings, the Financial Times reported on Tuesday, citing people familiar with the matter. Reuters could not immediately confirm the report. (Reporting by Bipasha Dey in Bengaluru; Editing by Mrigank Dhaniwala)
A look at the day ahead in European and global markets from Ankur Banerjee The incredible rise of the euro this year is sure to play a part in Europe Inc’s performance as a steady but unspectacular start to the earnings season kicks up a notch with results due from the region’s largest software maker …
Morning Bid: Europe Inc braces for pain from a sturdy euro Read More »
(Reuters) -“South Park,” the animated comedy featuring foul-mouthed children, has reached a $1.5 billion streaming deal with Paramount, the LA Times reported on Monday. Paramount has agreed to acquire the global streaming rights for “South Park” in a deal aimed at bringing the show to its digital platform, Paramount+, the report said, citing people familiar …
‘South Park’ creators reach $1.5 billion streaming deal with Paramount, LA Times reports Read More »
SYDNEY, July 22 (Reuters) – Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of easing in a cautious and gradual manner, a reason that it shocked markets by holding steady this month. Minutes of its July 7-8 policy meeting showed the majority of …
Australia central bank wary of cutting rates too quickly, prudent to await more data Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial regulatory system and said regulators should consider scrapping a “flawed,” Biden-era proposal for a dual capital requirement structure for banks. Speaking at the start of a Federal Reserve regulatory …
Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said the Federal Reserve’s vital independence on monetary policy is threatened by its “mandate creep” into non-policy areas and he called on the U.S. central bank to conduct an exhaustive review of those operations. The Fed’s autonomy “is threatened by persistent mandate …
US Treasury’s Bessent calls for review of Fed non-monetary policy operations Read More »
By Noel Randewich and Nikhil Sharma (Reuters) -The S&P 500 and the Nasdaq notched record high closes on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration’s global tariffs. Google-parent Alphabet rallied 2.7% ahead of …
S&P 500 and Nasdaq notch record high closes, lifted by Alphabet Read More »
