A look at the day ahead in U.S. and global markets by Mike Dolan Punch-drunk from a bombardment of central bank decisions this week, world markets attempted to stabilise on Friday as fear of an aggressive Federal Reserve was offset…
By Howard Schneider WASHINGTON (Reuters) - The U.S. Federal Reserve system is cutting about 300 people from its payroll this year, a small but rare reduction in headcount across an organization that has grown steadily since 2010 as its reach…
By Paul Sandle and Yadarisa Shabong LONDON -Microsoft's restructured $69 billion acquisition of Activision Blizzard "opens the door" to the biggest ever gaming deal being cleared, Britain's antitrust regulator said on Friday. Microsoft announced the deal in early 2022, but…
TOKYO (Reuters) -Toyota Motor will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday. The Nikkei report said the Japanese automaker was likely to step up production of battery-powered vehicles…
By Stephen Culp NEW YORK (Reuters) - Wall Street tanked in a broad sell-off on Thursday, as investor risk appetite was dashed by worries that the Federal Reserve's restrictive monetary policy will remain in place for longer than anticipated. All…
(Reuters) - Media mogul Rupert Murdoch, 92, has stepped down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career in which he created an empire spanning from Australia to the United States. His son,…
By Sergio Goncalves LISBON (Reuters) -Portugal's government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest rates if asked to do so by borrowers struggling to deal with rising interest rates…
By Saqib Iqbal Ahmed NEW YORK (Reuters) - The latest leg lower in U.S. stock prices has put them in a danger zone that could trigger so-called "mechanical selling" pressure and accelerate a downside move, according to Nomura strategist Charlie…
By Lewis Krauskopf NEW YORK (Reuters) - Some of the shine is wearing off shares of Nvidia and other U.S. semiconductor companies after a stunning 2023 rally, as investors weigh steep valuations, rising Treasury yields and signs of industry unease.…
By Abigail Summerville (Reuters) - Unilever Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core beauty and personal care brands that include Q-Tips and Impulse, reviving an effort it abandoned two years ago,…
