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Biden makes re-election pitch in key swing state Pennsylvania

Biden makes re-election pitch in key swing state Pennsylvania

Jun 17, 2023 | Economy, Elections, Politics, Top News, US

By Nandita Bose and Jarrett Renshaw PHILADELPHIA (Reuters) -President Joe Biden made his 2024 re-election pitch to union members in Philadelphia on Saturday in his first political rally since launching his campaign in April, aiming to shore up a key part of his...
Boeing boosts 20 year outlook for planes due to narrowbody demand

Boeing boosts 20 year outlook for planes due to narrowbody demand

Jun 17, 2023 | Business, Economy, Europe, Top News, US

By Valerie Insinna PARIS (Reuters) – U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers. Boeing expects airlines will need to...
Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg

Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg

Jun 17, 2023 | Business, Economy, US

(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg report on Saturday. “Although we expect further declines in inflation going...
S&P 500 ends lower as Microsoft recedes from record high

S&P 500 ends lower as Microsoft recedes from record high

Jun 16, 2023 | Business, Economy, Top News, US

By Noel Randewich and Sruthi Shankar (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and other market heavyweights as comments from two Federal Reserve officials curtailed optimism that the central bank is nearing the end of its...
Fear of missing out on stocks’ rally drives bullish options trading

Fear of missing out on stocks’ rally drives bullish options trading

Jun 16, 2023 | Business, Economy, US

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Fear of missing out on the recent stock market rally is driving traders in the U.S. equity options market to lap up bullish derivative contracts at a hectic pace, further fueling gains for stocks, analysts said on...
S&P 500 leaps to highest close in 14 months; traders bet US rates near peak

S&P 500 leaps to highest close in 14 months; traders bet US rates near peak

Jun 15, 2023 | Business, Economy, Top News, US

By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq surged on Thursday to close at their highest in 14 months, as investors cheered economic data that fueled bets that the U.S. Federal Reserve is nearing the end of its aggressive...
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