Reuters | August 12, 2024
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -Ratings agencies S&P and Moody’s downgraded JetBlue Airways after the carrier unveiled plans to raise more than $3 billion in debt, majority backed by its loyalty program, TrueBlue. Shares of the New York-based company plummeted 19%. JetBlue intends to raise $1.5 billion through a private offering of […]
Reuters | August 9, 2024
By Sinéad Carew and Chibuike Oguh NEW YORK (Reuters) -The closely watched global equities index advanced on Friday, ending a volatile week unchanged after starting it with a massive sell-off, while the dollar slipped slightly and oil prices ended higher on supply concerns over the Middle East conflict. A trio of Federal Reserve policymakers had […]
Reuters | August 7, 2024
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended lower on Wednesday, with the Nasdaq falling 1% as technology shares declined and weak demand in a 10-year Treasury auction stoked investor jitters in choppy trade. Indexes started the day higher with a surge in tech shares, and both began to lose steam in afternoon trading. […]
Reuters | August 5, 2024
(Reuters) – U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets. The plunge marks a stunning reversal for the sector that until recently was riding a wave of optimism sparked […]
Reuters | August 2, 2024
By Jonathan Stempel (Reuters) -Berkshire Hathaway, run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S. bank’s stock since mid-July. Berkshire sold approximately 19.2 million Bank of America shares for $779 million between July 30 and Aug. 1, according to a […]
Reuters | July 31, 2024
By Sriparna Roy (Reuters) -Humana said on Wednesday that demand for medical care was higher than it had anticipated in the second quarter, dampening investor hopes that elevated costs in the Medicare Advantage market would stabilize this year. Shares of the company, which is a top provider of government-backed Medicare Advantage plans for adults aged […]
Reuters | July 29, 2024
(Reuters) -Insurance firm Loews’ CEO James Tisch will step down after nearly 25 years at the helm, with his son Benjamin named the successor, the company said on Monday. The leadership of the company will remain with the influential Tisch family, know for their varied business interests and philanthropy, and after whom New York University’s […]
Reuters | July 26, 2024
By Kirstin Ridley and Sinead Cruise LONDON (Reuters) – Barclays, NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and “dirty money” flowing through the country. Reuters revealed one year ago that more […]
Reuters | July 24, 2024
WASHINGTON (Reuters) – U.S. business activity climbed to a 27-month high in July, but firms appeared to have some difficulty sustaining higher prices for their goods and services amid resistance from consumers, offering a further boost to the inflation outlook. S&P Global said on Wednesday that its flash U.S. Composite PMI Output Index, which tracks […]
Reuters | July 22, 2024
By David French (Reuters) -Wall Street’s three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April. The Dow Jones Industrial Average was also back in positive territory, breaking a two-session skid since hitting an all-time closing […]