By Jorge Otaola, Karin Strohecker, Rodrigo Campos BUENOS AIRES (Reuters) -Argentina’s peso slid 10% on Monday to near 1,200 per dollar after the country undid large parts of its currency and capital controls at the end of last week, part of sealing a $20 billion loan program with the International Monetary Fund. Despite the volatility, …
Argentina peso tumbles as Wall St cheers FX controls easing, IMF deal Read More »
(Reuters) -U.S. home improvement retailer Lowe’s Cos said on Monday it has agreed to buy Artisan Design Group for $1.33 billion from private equity firm Sterling Group. The deal would help expand Lowe’s offering for its professional customers at a time when the company and its rival Home Depot are facing slower demand for home …
Home improvement retailer Lowe’s to buy Artisan Design for $1.33 billion Read More »
By Saqib Iqbal Ahmed and Terence Gabriel NEW YORK (Reuters) -A tariff-induced selloff in the U.S. stock market faces another worry, the “death cross” pattern, but history shows the ominous sounding technical signal may not necessarily mean equities face more significant downside. A death cross occurs when the 50-day moving average (DMA), seen by technicians …
S&P 500’s ‘death cross’ may not be as ominous as it sounds, analysts say Read More »
By Tim McLaughlin BOSTON (Reuters) – CEOs of the 10 largest U.S. utilities earned more than $115 million combined in a recent three-year period as demand for electricity from their power plants jumped substantially due to the burgeoning cryptocurrency and artificial intelligence sectors. At seven of the companies, CEO payouts were much larger than what …
Top US power sector CEOs pull down $115 million in performance pay Read More »
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs beat first-quarter profit estimates as its traders capitalized on volatile markets to bring in record equities revenue, but the bank’s CEO warned of a difficult environment ahead. The Wall Street bank joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits, but investors …
Goldman Sachs profit beats estimates as traders ride volatile markets Read More »
By Suzanne McGee (Reuters) – The BlackRock Investment Institute said on Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs. The near-term risk of a “financial accident” has eased following the Trump administration’s decision to pause of hefty tariffs …
BlackRock boosts outlook for US stocks after tariffs pause Read More »
NEW YORK (Reuters) – A listed version of Systematica Investments’ flagship hedge fund is down roughly 19% this year, as some trend-following strategies have struggled to navigate the market turmoil caused by the new U.S. trade policies. The Schroder Gaia BlueTrend fund, which invests in rates, equities, currencies and commodities, is a listed version of …
(Reuters) – JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The bank cut its 2025 Brent price forecast to $66 per barrel from $73 and its 2026 target to $58 from $61. It lowered the 2025 WTI price outlook to $62 …
JP Morgan cuts oil price forecasts on weak demand, higher output Read More »
By Carolina Mandl NEW YORK (Reuters) – Hedge fund Qube Research & Technologies disclosed a roughly $105 million short position in Trump Media & Technology Group on Monday, according to a filing with Germany’s federal Gazette Bundesanzeiger. Qube’s disclosed position in Trump Media, which was first reported by research firm Breakout Point, equates to 2.53% …
Hedge fund Qube discloses $105 million short position in Trump Media Read More »
By Arsheeya Bajwa (Reuters) -Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move by new CEO Lip-Bu Tan to revive the struggling American chipmaker. Monday’s deal values Altera at just $8.75 billion compared to the nearly $17 …
Intel to sell majority stake in Altera for $4.46 billion to fund revival effort Read More »
