Oct 13, 2023
Wells Fargo lifts interest income forecast as profit exceeds estimates

By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo beat analysts' third-quarter profit estimates and raised its annual forecast for income from interest payments on Friday, as customers paid more to borrow. The fourth-biggest U.S. bank now…

Oct 13, 2023
BofA: Investors sell stocks, buy bonds; shun emerging markets

LONDON (Reuters) -Investors sold stocks and bought bonds in the week to Wednesday, Bank of America Global Research said in a note on Friday, while investors continued to shun emerging market assets. Equities had a weekly outflow of $8.2 billion,…

Oct 12, 2023
Surging rents lift US consumer prices; underlying inflation grinding lower

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices increased in September amid a surprise surge in rental costs, but a steady moderation in underlying inflation pressures supported financial market expectations that the Federal Reserve would not raise interest rates…

Oct 12, 2023
Delta says travel boom is not over yet

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines has a message for investors worried about signs of softening demand on domestic routes: the travel boom is not over yet. The Atlanta-based carrier on Thursday said it continues to see…

Oct 12, 2023
Biggest Israel ETF suffers sharp outflows in wake of conflict

By Bansari Mayur Kamdar (Reuters) - The iShares MSCI Israel exchange-traded fund (EIS) suffered substantial outflows this week after its price hit a three-year low as clashes between Israel and the Palestinian group Hamas ignited fears of a wider conflict.…

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