Reuters | June 21, 2024
By Niket Nishant (Reuters) -American Express is buying Squarespace-owned restaurant booking platform Tock for $400 million to expand its foothold in the dining industry, a category that accounted for $100 billion in spending on its cards last year. The all-cash deal, unveiled on Friday, will build upon the credit card giant’s acquisition of online restaurant […]
Reuters | June 19, 2024
By Marco Aquino LIMA (Reuters) – Surging copper prices this year have brought startling growth in the number of trucks carrying copper from illegal mines in Peru, jamming roads, causing accidents and creating hazardous conditions especially after dark along the Andean country’s key “mining corridor” highway, industry sources told Reuters. With copper demand soaring as […]
Reuters | June 17, 2024
ZURICH (Reuters) – UBS has begun a share buyback program announced earlier this year, and repurchased 44.8 million Swiss francs ($50.21 million) worth of shares last week, the Swiss bank said on Monday. UBS has said the buyback programme would be worth up to $1 billion this year. Share buybacks and dividends are seen by […]
Reuters | June 14, 2024
(Reuters) – U.S. equity funds observed heavy outflows in the seven days through June 12 as some investors booked profits and exercised caution ahead of the Federal Reserve’s policy decision. Investors ditched U.S. equity funds worth a net $21.93 billion during the week in their largest weekly net disposal since mid-December 2022, data from LSEG […]
Reuters | June 12, 2024
By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations. The dollar shed some weakness after the U.S. Federal Reserve concluded its […]
Reuters | June 7, 2024
By David Randall NEW YORK (Reuters) – Investors will closely watch next week’s inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified. This year’s rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool […]
Reuters | June 6, 2024
MILAN (Reuters) – Market demand for Fiat’s new hybrid 500e small car amounts to around 100,000-110,000 units a year, a group executive said on Thursday, as the company offers a cheaper version of its fully-electric model (EV). Fiat maker Stellantis last month announced it would add hybrid versions of its 500e small electric car and […]
Reuters | June 3, 2024
By Max A. Cherney TAIPEI -Arm Holdings aims to gain more than 50% of the Windows PC market in five years, the chip designer’s CEO said, as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British firm’s technology. Arm’s U.S.-listed shares climbed 2.6% in pre-market trade on Monday. […]
Reuters | May 30, 2024
By Ann Saphir and Michael S. Derby EL PASO, Texas/ NEW YORK (Reuters) -Federal Reserve policymakers continue to expect inflation to fall this year even as the labor market stays strong, leaving them in no hurry to cut the policy rate from the 5.25%-5.5% range they have kept it in since last July. Dallas Fed […]
Reuters | May 30, 2024
By Doyinsola Oladipo NEW YORK (Reuters) -Cruise operators Royal Caribbean, Carnival and Norwegian Cruise Line Holdings are discounting summer itineraries as they look to fill empty cabins aboard older ships, according to travel agencies and company websites. The companies are lowering summer prices in part because more vessels are headed for already popular Caribbean and […]