By Caroline Valetkevitch NEW YORK (Reuters) – The Nasdaq ended lower while the Dow and S&P 500 were nearly flat on Tuesday as Treasury yields rose and shares of chipmakers fell after the Biden administration said it planned to halt shipments of advanced artificial intelligence chips to China. The Philadelphia SE Semiconductor index was down …
Nasdaq ends down on higher yields, chipmaker share declines Read More »
(Reuters) -Fitch on Tuesday placed Israel’s sovereign debt rating of “A+” on rating watch negative and warned a major escalation of the ongoing conflict with the Palestinian Islamist group Hamas could result in a negative rating action. The ratings agency said the risk that others hostile to Israel could join the conflict at scale has …
Fitch places Israel on rating watch negative as Gaza war rages Read More »
(Reuters) – Futures for Wall Street’s main stock indexes fell on Tuesday as investors assessed diplomatic efforts to contain the Middle east conflict, while gearing up for a slew of U.S. big bank earnings and economic data for insights into the economic health. U.S. President Joe Biden is set to make a high stakes visit …
Futures slip as Middle East conflict weighs; bank results and data in focus Read More »
By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -Global finance leaders’ paralysis in coming to grips with the fallout from the Hamas attack and Israel’s response last week exposed deep geopolitical divisions hampering the International Monetary Fund and World Bank, even as they advanced new funding plans aimed at easing more-frequent economic shocks. Hamas …
By Siddharth Cavale NEW YORK (Reuters) – Walmart signaled it has enough staff for the holidays, in another sign that top U.S. retailers, fearing a seasonal shopping slowdown, are holding off on the typical hiring sprees for the peak period. “We’re staffed and ready to serve the customers this holiday season,” Maren Dollwet Wagonner, senior …
Walmart staffed up for holidays; US retailers cautious about economy Read More »
BRASILIA (Reuters) – There was unanimity in the Brazil central bank’s latest policy decision that an interest-rate-cut pace of 50 basis points would be suitable for the upcoming meetings, the bank’s director of institutional relations, Mauricio Moura, said on Monday “I voted at the last meeting for a 50 basis point reduction, and I was …
Brazil central bank director cites consensus on 50 bp rate cut pace going forward Read More »
BERLIN (Reuters) – German wholesale prices fell for the sixth month in a row in September due to lower prices for mineral oil products, data from the federal statistics office showed on Monday, pointing to lower inflation in the coming months. September’s wholesale prices fell by 4.1% compared with the same month last year, the …
German wholesale prices fall for sixth month in a row Read More »
By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s deficit-hiking 2024 budget due to be approved by cabinet on Monday will cut taxes for workers and increase benefits for large families, officials said, amid growing market concerns over the country’s strained public finances. Prime Minister Giorgia Meloni’s government gathered at around 0950 (0750 GMT) to …
Italy to unveil tax-cutting 2024 budget amid debt worries Read More »
LONDON (Reuters) -Geopolitics are at the forefront of everyone’s minds after war broke out between Israel and Palestinian militant group Hamas, and the mood in markets is jittery at best. This week might offer some reassurance that both households and businesses are holding up in an uncertain macro environment as some of the world’s biggest …
By Joanna Plucinska, Steven Scheer and Doyinsola Oladipo BETHLEHEM/JERUSALEM (Reuters) – Early this month, the main square and streets around Bethlehem’s Church of the Nativity were bustling with tourists. Now they are empty after a devastating attack by Palestinian militant group Hamas in Israel on Oct. 7. “Business is at a standstill since the war …
Cancelled tours, empty hotels: Israeli, Palestinian tourism reels as conflict escalates Read More »
