PIMCO bullish on stocks on US soft landing hopes, cautious on inflation
By Davide Barbuscia NEW YORK (Reuters) – An optimistic outlook on the U.S. economy is prompting U.S. bond giant PIMCO…
Day: November 20, 2024
TJX raises annual profit forecast as off-price stores attract bargain hunters
(Reuters) -TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cash-strapped customers…
Bitcoin bursts past $94,000 for the first time
By Medha Singh and Ankur Banerjee (Reuters) – Bitcoin rose to a fresh record high above $94,000 as a report…
Target shares slide 20% as retailer expects stagnant holiday quarter sales
By Savyata Mishra (Reuters) -Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for…
Trump pick for Manhattan’s top federal prosecutor urges focus on national security, money laundering
By Chris Prentice and Echo Wang NEW YORK (Reuters) – Jay Clayton, President-elect Donald Trump’s pick for U.S. Attorney in…
Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says
(Reuters) – Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel…