(Reuters) -Honeywell will appoint activist investor Elliott Investment Management’s Marc Steinberg to its board, the company said on Wednesday, ahead of its planned split into three independently listed companies. Steinberg, a partner at Elliott who also serves on the board of Etsy and Pinterest, will become an independent director and audit committee member at Honeywell, …
Honeywell to add Elliott’s Marc Steinberg to board Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 will finish the year near current levels, according to a Reuters poll, after many strategists in recent months cut their 2025 forecast for the index over uncertainty surrounding U.S. President Donald Trump’s tariffs. Based on the median forecast of 51 equity strategists, analysts, brokers and …
With Trump tariff jitters, S&P 500 to finish year nearly even with 2024: Reuters poll Read More »
(Reuters) -GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game retailer looks to capitalize on the growing adoption of cryptocurrencies globally. GameStop said in a filing it acquired 4,710 bitcoins, although it did not disclose the period for the purchases. The world’s largest cryptocurrency was trading …
GameStop buys bitcoin worth $513 million in crypto push Read More »
(Reuters) -National Bank of Canada reported a rise in second-quarter profit on Wednesday, helped by a robust performance in its financial markets units. Increased market volatility due to rapidly shifting U.S. trade policies and the resultant economic uncertainty drove trading volumes higher, boosting banks’ capital markets performance. National’s financial markets profit grew 56% from last …
By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve at its May 6-7 meeting undercut expectations that it would change its policy interest rate anytime soon, and minutes from that session released on Wednesday may show just how firmly policymakers are holding onto their current wait-and-see approach. The minutes will be released at 2 p.m. …
Minutes of Fed’s May meeting likely to show officials grappling with uncertainty Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Traders in the options markets are bracing for industry-wide volatility when AI-chipmaker Nvidia reports results on Wednesday, with defensive options contracts on a major semiconductor ETF drawing heavy trading. For VanEck Semiconductor ETF, the largest semiconductors ETF with some $22 billion in assets, about 2.4 put options changed …
Semiconductor ETF options show caution ahead of Nvidia results Read More »
(Reuters) -Britain’s GlobalData on Wednesday extended the deadline to June 11 for private equity firm ICG to make a firm takeover offer, while ending talks with KKR after failing to reach an agreement on terms. GlobalData, headquartered in London, offers data analytics and consulting services across various sectors, including healthcare, aerospace and financial services. It …
GlobalData extends ICG bid deadline, ends takeover talks with KKR Read More »
By Joe Skipper and Joey Roulette STARBASE, Texas (Reuters) -SpaceX’s Starship rocket roared into space from Texas on Tuesday but spun out of control about halfway through its flight without achieving some of its most important testing goals, bringing fresh engineering hurdles to CEO Elon Musk’s increasingly turbulent Mars rocket program. The 400-foot tall (122 …
SpaceX’s Starship spins out of control after flying past points of previous failures Read More »
By Alexandra Alper, Makiko Yamazaki and Miho Uranaka WASHINGTON/TOKYO (Reuters) -The U.S. government will have veto power over key decisions relating to U.S. Steel, as part of a deal with Nippon Steel that would approve the Japanese firm’s bid for the well-known American steel company, a U.S. lawmaker said on Tuesday. The details are laid …
US will have golden share in Nippon Steel’s takeover of US Steel, lawmaker says Read More »
By Rocky Swift and Junko Fujita TOKYO (Reuters) -A lacklustre auction for Japan’s longest-dated bonds on Wednesday did little to relieve sovereign debt markets where fiscal deficit concerns have driven a worrying surge in long-term yields. Heavily indebted Japan’s government bonds have become the “canary in the global duration coalmine,” Goldman Sachs analysts wrote last …
Demand at Japan’s 40-year bond auction sinks as fiscal doubts prevail Read More »
