By Arathy Somasekhar HOUSTON (Reuters) -Oil prices eased on Monday as loadings resumed at Russia’s Novorossiysk export hub after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack. Brent crude settled 19 cents, or 0.3%, lower at $64.20 a barrel, while U.S. West Texas Intermediate crude eased 18 …
Oil prices ease after loadings resume at Russian export hub Read More »
NEW YORK (Reuters) -Stifel’s chief market strategist Barry Bannister said on Monday that the S&P 500 is facing additional downside to the tune of a 5% decline to about 6,350 in the next several months, citing issues such as Fed policy and high valuations. Pending shutdown-delayed economic data and signals from the Fed about its December …
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to “proceed slowly” with any further interest rate cuts as it eases policy towards a level that would likely stop putting downward pressure on inflation. In remarks prepared for delivery at a Kansas City Fed event, …
Fed needs to move slowly with further rate cuts, Jefferson says Read More »
(Reuters) -York Space Systems recorded a 59% jump in revenue in the first nine months of 2025, the private equity-backed satellite company revealed in its U.S. initial public offering paperwork on Monday, as corporate issuers line up to tap the December IPO window. IPO activity in the United States is expected to pick up into …
Satellite firm York Space Systems reveals 59% revenue surge in US IPO filing Read More »
By Savyata Mishra (Reuters) -Home Depot and Lowe’s are set to post modest sales gains when they report quarterly results this week, giving investors a read on whether the outlook is improving or consumer caution is still holding back renovation and do-it-yourself spending. The two major U.S. home improvement chains have faced higher raw material …
Home Depot, Lowe’s earnings to gauge recovery in home-improvement spending Read More »
By Kylie Madry MEXICO CITY -Mexican President Claudia Sheinbaum said on Monday that Mexican airlines had agreed to hand over some flight slots at the nation’s busy capital airport to U.S. carriers, amid an ongoing spat between the countries over flight distribution. “Several weeks ago, there was a redistribution in slots, in which Mexican airlines …
(Reuters) -Johnson & Johnson said on Monday it would buy privately held Halda Therapeutics for $3.05 billion in cash, expanding the medtech conglomerate’s presence in solid tumors and prostate cancer treatments. This follows J&J’s $14.6 billion acquisition of neurological drug maker Intra-Cellular Therapies in January. Halda’s lead drug candidate, HLD-0915, is in early to mid-stage …
J&J to buy cancer therapy developer Halda Therapeutics for $3.05 billion Read More »
(Reuters) -Jeff Bezos will serve as co-chief executive officer of a new artificial intelligence startup that focuses on AI for engineering and manufacturing of computers, automobiles and spacecraft, the New York Times reported on Monday. The company, called Project Prometheus, has garnered $6.2 billion in funding, partly from the Amazon founder, making it one of …
Jeff Bezos to co-lead AI startup in first operational role since Amazon, NYT reports Read More »
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s highest court sided on Monday with a lower court’s ruling that drivers of Uber who brought a case against the rideshare company should be treated as employees, a decision that could pave the way for collective bargaining. The Supreme Court unanimously dismissed Uber’s appeal of a 2022 ruling by …
New Zealand’s top court rules that Uber drivers are employees Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration late Sunday said it would end mandated cuts in domestic flights at 40 major U.S. airports effective at 6 a.m. ET (1000 GMT) Monday, easing restrictions that had been imposed over air traffic control concerns during the federal shutdown. FAA Administrator Bryan Bedford said the decision …
