(Reuters) -The Nasdaq hit a record high on Friday, as investors piled into technology companies on optimism around artificial intelligence and the prospect for looser monetary policy, putting the index on track to confirm a bull market. The tech-heavy index was last up 0.4% at 20,243 points, surpassing its record high of 20,204 on December …
Nasdaq hits record high, on track for a new bull market Read More »
(Reuters) -Chinese AI startup DeepSeek, which said in January it had developed an AI model to rival ChatGPT at much lower cost, has come under scrutiny in some countries for its security policies and privacy practices. According to its own privacy policy, DeepSeek stores numerous pieces of personal data, such as requests to its AI …
Factbox-Governments, regulators increase scrutiny of DeepSeek Read More »
(Reuters) -U.S. equity funds suffered outflows for a sixth straight week through June 25 as investors took profits near record highs and stayed on edge ahead of key growth and inflation data. According to LSEG Lipper data, investors withdrew a net $20.48 billion from U.S. equity funds during the week, posting their largest weekly net …
US equity funds suffer sixth weekly outflows in a row Read More »
(Reuters) -Federal Reserve Bank of Minneapolis President Neel Kashkari is sticking to his view that cooling inflation will allow the world’s most important major central bank to cut its policy rate twice this year, starting in September. In an essay released on Friday, Kashkari also signalled that if progress on inflation stalls or reverses the …
Fed’s Kashkari expects two rate cuts this year, with pause possible Read More »
(Reuters) -China-founded fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice of companies making public filings of IPO documents, three sources with knowledge of the matter said. Shein aims to submit the filing confidentially as soon as this week, one of …
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The glass appears half full once again. With midyear approaching, the main Wall Street stock indexes are back within a hair’s breadth of new records, helped along by a weakening dollar, the prospect of …
By Brenda Goh, Qiaoyi Li and Che Pan SHANGHAI/BEIJING (Reuters) -Exceptionally strong initial orders for Xiaomi’s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back. In the first 18 hours after the YU7 went …
Bumper orders for Xiaomi’s new SUV heighten threat to Tesla Read More »
NEW YORK (Reuters) -The gulf between where the Federal Reserve projects interest rates will be by the end of 2026 and the more aggressive cutting financial markets expect by then is partly due to the expectation that U.S. central bank chief Jerome Powell will be replaced by somebody more dovish next year, investors said. They, …
Market bets on a more dovish Fed as Trump eyes Powell’s replacement Read More »
By Oliver Griffin SAO PAULO (Reuters) -Growth of Brazil’s corn ethanol sector has become key to meeting the country’s growing demand for the renewable fuel under a new government mandate to use more ethanol in gasoline, even as sugarcane-based ethanol output has stagnated. Brazil is the world’s largest producer of ethanol from sugarcane, but output …
Analysis-Brazil corn ethanol boom covers demand as country hikes biofuel mandate Read More »
By Lewis Jackson, Amy Lv and Hongmei Li BEIJING/SINGAPORE (Reuters) -Some Chinese smelters have agreed to process copper from Chilean miner Antofagasta for no charge, a record low for the industry, but the outcome was better than expected for the smelters, already suffering losses. Antofagasta has agreed to set copper concentrate processing fees at $0 …
