(Reuters) -Warner Bros Discovery has asked potential buyers to submit improved offers by December 1, two sources familiar with the matter said on Tuesday. The parent of HBO and CNN last month said it was exploring its options for sale. Since then, it has received preliminary buyout bids from rivals Paramount Skydance, Comcast and Netflix. …
Warner Bros Discovery seeks improved bids by December 1, sources say Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The benchmark S&P 500 should end next year at 7,500, helped by a resilient U.S. economy and an artificial intelligence-driven “supercycle,” according to Dubravko Lakos-Bujas, J.P. Morgan’s head of global markets strategy. The index ended Tuesday at 6,765.89. If the S&P 500 finishes next year at 7,500, it would mean …
J.P. Morgan sees S&P 500 at 7,500 by end 2026, double-digit gain from here Read More »
(Reuters) -Wall Street’s main stock indexes opened higher on Wednesday, as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve could cut interest rates in December. The Dow Jones Industrial Average rose 83.7 points, or 0.18%, at the open to 47,196.15. The S&P 500 rose 27.7 points, or 0.41%, …
Wall Street opens higher as December Fed rate-cut bets grow Read More »
WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods surged in September and shipments of these goods increased solidly, cementing economists’ expectations that economic growth accelerated in the third quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, jumped 0.9% after an upwardly revised 0.9% increase in August, the Commerce …
US core capital goods orders and shipments soar in September Read More »
By Anna Szymanski -By Anna Szymanski, Editor in Charge, Reuters Open Interest What matters in U.S. and global markets today Weaker-than-expected U.S. economic data has upped bets for a Federal Reserve interest rate cut next month, giving global equities a boost as we move into the Thanksgiving holiday. And while Americans are prepping turkeys or …
Morning Bid: Giving thanks for bad economic news Read More »
(Reuters) -U.S. companies across sectors are intensifying job cuts, extending a trend of workforce reductions from 2024, as they prioritize cost-savings and streamline operations amid a challenging economic environment. Joining the list, PC-maker HP Inc said on Tuesday it plans to cut 4,000 to 6,000 jobs globally by fiscal year 2028 as it adopts artificial …
Factbox-US companies step up job cuts amid uncertain economy Read More »
TOKYO (Reuters) -A Japanese labour union group representing major manufacturers said on Wednesday that it would seek an increase of at least 12,000 yen ($77) in monthly base pay for next year, the same target as this year. The Japan Council of Metalworkers’ Unions (JCM) is considered a pace-setter for annual wage negotiations and represents …
Japan manufacturers’ union to target $77 monthly base pay hike next year Read More »
(Reuters) -Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June. “The Tesla Robotaxi fleet in Austin should roughly double next month,” Musk said in a post on X, which is also owned …
Tesla CEO Musk says Austin robotaxi fleet to double next month Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter: It’s make-or-break time for Britain’s finance minister Rachel Reeves as she unveils later today a budget expected to contain tens of billions of pounds of new tax increases. Sterling is up 0.2% at $1.3193 in Asian trading, rising for a …
(Reuters) -The U.S. Federal Aviation Administration (FAA) said on Tuesday it is probing Amazon after one of its delivery drones downed an internet cable in central Texas last week. “A MK30 drone struck a wire line in Waco, Texas, around 12:45 p.m. local time on Tuesday, November 18,” the regulator said in a statement to …
FAA probes Amazon after delivery drone snaps internet cable in Texas Read More »
