By Steven Scheer JERUSALEM (Reuters) – Israel’s economy grew less than expected in the second quarter of 2024, extending a period of volatility since the start of war in Gaza, but the weakness is likely not enough to prompt a central bank rate cut next week given rising inflation. The Central Bureau of Statistics said …
Israeli economy ekes out 1.2% growth in Q2 as Gaza war rages on Read More »
By Alberto Alerigi SAO PAULO (Reuters) – Shares in Brazil’s Petz soared on Friday after the company formalized a deal to merge with rival Cobasi, creating the country’s largest pet products retailer. An agreement on the tie-up had initially been announced in April, when the two companies signed a memorandum of understanding on the merger …
Brazilian pet product retailer Petz shares soar on Cobasi merger deal Read More »
By Alden Bentley NEW YORK (Reuters) -U.S. Treasury yields eased on Friday, partly reversing the previous day’s big gains as investors digested data showing a resilient U.S. consumer and inflation trending lower, leaving the Federal Reserve ample scope for a small interest rate cut next month. Treasuries ended lightly mixed after such an up-and-down week, …
Yields slip back as markets digest upbeat economic data Read More »
(Reuters) – Speculators raised their net short bets on five-year Treasuries to the largest on record in the latest week, while bearish bets on 10-year Treasury futures were the largest since January, according to data by the Commodity Futures Trading Commission on Friday. Net short bets on five-year note futures grew to 1,695,072 contracts in …
Short bets in five-year Treasury futures largest on record -CFTC data Read More »
(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee on Friday said the U.S. economy is not showing signs of overheating, so central bank officials should be wary of keeping restrictive policy in place longer than necessary. “You don’t want to tighten any longer than you have to,” Goolsbee told National Public Radio in an …
Fed’s Goolsbee: Don’t want to tighten longer than necessary – NPR Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding dropped to a 16-month low in July, likely weighed down by Hurricane Beryl and an oversupply of new houses as higher mortgage rates and prices depress sales. The fifth straight monthly decrease in homebuilding reported by the Commerce Department on Friday suggested the housing market remained …
Hurricane Beryl, excess inventory pressure US single-family homebuilding Read More »
(Reuters) -B. Riley Financial shares slumped over 27% by close of trade on Thursday, extending losses for the sixth straight session to their lowest in a decade on lingering worries over a second-quarter loss and regulatory scrutiny. The stock has been hammered this week after the Los Angeles-based investment bank also delayed filing its regulatory …
B. Riley shares extend slump to decade low on loss warning, regulatory concerns Read More »
By Carolina Mandl and David Randall NEW YORK (Reuters) -Tech stocks once again grabbed the attention of the world’s biggest funds in the second quarter, regulatory filings showed, as the S&P 500 rallied to a series of record highs that preceded more recent turmoil in U.S. equities. Buyers of tech stocks ranged from Renaissance Technologies, …
Factbox-Tech shares in focus as investors eye latest filings from funds Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits dropped to a one month-low last week, suggesting an orderly labor market slowdown remained in place, and dashing financial market hopes that the Federal Reserve could cut interest rates by 50 basis points next month. The economy’s resilience was …
Low US weekly jobless claims, upbeat retail sales dispel recession fears Read More »
By Alden Bentley NEW YORK (Reuters) -U.S. Treasury yields surged on Thursday after strong economic data all but eliminated fears about a hard economic landing and curtailed expectations that an aggressive Federal Reserve easing was coming next month. The Commerce Department said retail sales rose 1.0% last month after a downwardly revised 0.2% drop in …
