Today: September 30, 2024
Today: September 30, 2024

Latest From Reuters

Business|Economy

Massachusetts regulator probes 'Roaring Kitty's' GameStop trades

The Massachusetts securities regulator is probing the trading activities of GameStop investor Keith Gill, who gained notoriety as stocks influencer "Roaring Kitty" during the 2021

Massachusetts regulator probes 'Roaring Kitty's' GameStop trades
Business|Economy

Axos Financial shares fall after Hindenburg takes short position

Short seller Hindenburg Research on Tuesday disclosed a short position in digital bank Axos Financial, alleging lax underwriting standards and

Axos Financial shares fall after Hindenburg takes short position
Business|Economy

Ford US auto sales rise 11% in May

Ford Motor Co said on Tuesday its U.S. auto sales rose 11% in May from a year earlier, helped by a healthy demand for SUVs, pickup trucks and hybrid vehicles.

Ford US auto sales rise 11% in May
Business|Economy

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble

Bath & Body Works forecast full-year profit largely below market estimates on Tuesday and said it expects annual sales to drop, signaling demand for its scented candles and body care

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble
Business|Economy

Wall Street's growth gasp as rates, dollar, oil skid

A look at the day ahead in U.S. and global markets from Mike Dolan With a still-powerful "buy the dip" instinct in stocks, U.S. markets are having a rare bout of jitters about a slowing economy - with

Wall Street's growth gasp as rates, dollar, oil skid
Economy

German unemployment rises more than expected in May, labour office says

The number of people out of work in Germany rose more than expected in May, Federal Labour Office figures showed on Tuesday.

German unemployment rises more than expected in May, labour office says
Business|Economy

Swiss financial regulator wants to be able to name and shame banks

Swiss financial regulator FINMA wants to be able to name and shame banks which breach its rules, Chief Executive Stefan Walter told newspaper NZZ in an interview published on

Swiss financial regulator wants to be able to name and shame banks
Business|Economy

Dazed dollar set for more macro jolts?

A look at the day ahead in European and global markets from Kevin Buckland The once invincible dollar was still reeling on Tuesday after more macro evidence that the U.S. exceptionalism narrative may

Dazed dollar set for more macro jolts?
Business|Economy

Saudi non-oil activity growth slows in May, PMI shows

Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25 months, a survey showed on Tuesday.

Saudi non-oil activity growth slows in May, PMI shows
Economy

Australia government spending rises in Q1, adds to growth

Australian government spending rose in the March quarter to make a much needed contribution to economic growth, data showed on Tuesday, helping offset a steep drag from net exports.

Australia government spending rises in Q1, adds to growth
Economy

South Korea consumer inflation slows to 10-month low

South Korea's consumer inflation slowed for a second straight month in May to a 10-month low, official data showed on Tuesday, coming in lower than market expectations.

South Korea consumer inflation slows to 10-month low
Business|Economy

US financial watchdog announces registry of nonbank corporate offenders

The U.S. consumer financial watchdog agency on Monday announced the creation of a public database to identify nonbank financial companies caught violating consumer laws, saying it would

US financial watchdog announces registry of nonbank corporate offenders
Business|Economy

Former TD employee in Florida accused of opening fraudulent accounts, Bloomberg News reports

A former TD Bank employee falsified documents to open dozens of accounts and provided concierge-like services to help cash flow across borders, Bloomberg News reported on Monday.

Former TD employee in Florida accused of opening fraudulent accounts, Bloomberg News reports
Business|Economy

Maersk raises 2024 guidance on strong demand, Red Sea disruptions

Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red

Maersk raises 2024 guidance on strong demand, Red Sea disruptions
Business|Economy

US factory activity, construction spending both fall

U.S. manufacturing activity slowed for a second straight month in May as new goods orders dropped by the most in nearly two years, and spending on construction projects slipped

US factory activity, construction spending both fall
Business|Economy

US construction spending slips again in April

U.S. construction spending fell unexpectedly for a second consecutive month in April on declines in non-residential activity, though outlays for single-family home building climbed to the

US construction spending slips again in April
Business|Economy

Ackman's Pershing Square raises $1.05 billion in stake sale ahead of potential IPO

Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices,

Ackman's Pershing Square raises $1.05 billion in stake sale ahead of potential IPO
Economy

Indonesia's inflation rate cools in May, comes in below forecast

Indonesia's annual inflation rate eased more than expected in May, data from the statistics bureau showed on Monday, remaining within the central bank's 1.5% to 3.5% target range.

Indonesia's inflation rate cools in May, comes in below forecast
Business|Economy

Blackstone set to sweeten Hipgnosis offer as part of revised bid, FT reports

Blackstone will sweeten its offer for Hipgnosis Songs Fund by a cent to $1.31 from $1.30 as part of a revised bid that would value the firm at nearly at $1.6 billion, the Financial Times

Blackstone set to sweeten Hipgnosis offer as part of revised bid, FT reports
Business|Economy

Downturn in German manufacturing may be bottoming out, PMI shows

The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, showed signs of bottoming out in May as output and new orders declined

Downturn in German manufacturing may be bottoming out, PMI shows
Economy

Turkey inflation hits 75% in expected peak before relief

Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, official data showed on Monday, in what is expected to

Turkey inflation hits 75% in expected peak before relief
Business|Economy

Maersk faces significant port congestion in Asia, Mediterranean

Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on

Maersk faces significant port congestion in Asia, Mediterranean
Business|Economy

UK factories return to growth, prices rise by most in a year, PMI shows

British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the

UK factories return to growth, prices rise by most in a year, PMI shows
Economy

Pakistan inflation slows to 11.8% in May, lowest in 30 months

Pakistan's consumer price index (CPI) in May rose 11.8% from a year earlier, data from the Pakistan Bureau of Statistics showed on Monday, the lowest reading in 30 months and

Pakistan inflation slows to 11.8% in May, lowest in 30 months
Business|Economy

Euro zone manufacturing sees potential signs of recovery in May, PMI shows

The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years,

Euro zone manufacturing sees potential signs of recovery in May, PMI shows

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