By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market has powered higher in the first half of this year despite numerous obstacles, from banking sector turmoil to recurring doubts about the economy’s health. The S&P 500 is up 15.9% in 2023 – a rebound that surprised many analysts after equities’ brutal 2022 decline. The …
Six questions facing US stock investors as 2023’s second half nears Read More »
By Davide Barbuscia NEW YORK (Reuters) -Several parts of the U.S. Treasury yield curve are reaching deeper levels of inversion, a sign that bond investors are increasingly worried about an economic slowdown as the Federal Reserve looks set to raise interest rates further. An inverted yield curve occurs when yields on shorter-dated Treasuries rise above …
US yield curve inversions deepen on hawkish Fed, strong data Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department …
US weekly jobless claims post biggest drop in 20 months as economy shows stamina Read More »
By Jonathan Stempel and Helen Coster NEW YORK (Reuters) -U.S. prosecutors on Thursday charged three Florida men with making more than $22 million through insider trading in late 2021 ahead of a proposed merger to take former U.S. President Donald Trump’s social media company public. Michael Shvartsman, his brother Gerald Shvartsman and Bruce Garelick allegedly …
Three charged with insider trading ahead of proposed Trump Media merger Read More »
(Reuters) -Private equity firm Arcline Investment Management proposed to buy Circor International for $1.8 billion including debt on Wednesday, topping a rival bid from KKR & Co for the industrial machinery maker. Arcline’s bidding war with KKR had already forced the latter to sweeten its deal with Circor to $1.7 billion from $1.6 billion. Arcline …
Arcline tops KKR’s offer for Circor as bidding war intensifies Read More »
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Before Hollywood writers walked off the job in early May, Pam Elyea’s prop house History for Hire filled an average of 53 requests per week for everything from period-appropriate cameras and luggage to camping gear and snow globes. Weekly orders this year now average 26 …
From caterers to cowboy outfitters: Writers’ strike hits Hollywood economy Read More »
By Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also cooled in a sign interest rates might not have to rise again in July. Data from the Australian Bureau of Statistics on Wednesday showed its …
Australia’s consumer inflation hits 13-month low, adding to rate pause case Read More »
(Reuters) – National CineMedia LLC said on Tuesday it would emerge from Chapter 11 on or around August or September as its reorganization plan has been confirmed by the U.S. Bankruptcy Court for Southern District of Texas. The biggest movie-theater advertising firm in North America will maintain its existing corporate structure with listed holding company …
National CineMedia to emerge from bankruptcy in August or September Read More »
By Nivedita Balu and Fergal Smith TORONTO (Reuters) – Canada’s record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from higher borrowing costs but raising debt loads and worrying regulators. Variable rate mortgages in Canada typically require borrowers …
How risky is it to extend Canadian mortgage amortizations? Read More »
SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that the country is facing a “unique opportunity” for the economy. Brazil unveiled last week the details of its proposed tax reform to overhaul its notoriously complex consumption taxes, seen as …
CEOs of major Brazil lenders see ‘unique opportunity’ for local economy Read More »
