Fed’s Collins says her baseline expectation is 75 bps of rate cuts this year
(Reuters) – Boston Federal Reserve Bank President Susan Collins on Thursday said she believes the U.S. central bank will likely…
Category: General
Oil producer ConocoPhillips beats profit views on higher output
By Sabrina Valle and Sourasis Bose HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips on Thursday beat Wall Street estimates…
‘Silver is the new gold’ as Egyptians try to protect savings
By Sarah El Safty and Farah Saafan CAIRO (Reuters) – Egyptian women traditionally receive a gold jewellery set, or “shabka”,…
Disney answers activists with gaming investment, ESPN streaming plans
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney CEO Bob Iger hit back at activist investors on…
NYCB shares end higher as new executive chair seeks to bolster confidence
By Niket Nishant and Lewis Krauskopf (Reuters) -Shares of New York Community Bancorp closed higher on Wednesday after the lender…
Ackman launches cheaper hedge fund aimed at wider investor pool
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire hedge fund manager William Ackman is launching a new investment portfolio in the…
Oil climbs on US fuel stocks draw, geopolitical tensions
By Georgina McCartney HOUSTON (Reuters) -Oil prices rose for a third consecutive day on Wednesday, boosted by a larger-than-expected fall…
Ford slows EVs, sends a truckload of cash to investors
By Joseph White and Nathan Gomes DETROIT (Reuters) -Ford Motor shares jumped on Tuesday after the automaker said it will…
Chipotle’s quarterly results shine as burrito demand holds strong
By Deborah Mary Sophia (Reuters) -Chipotle Mexican Grill topped market estimates for quarterly profit and sales on Tuesday, helped by…
Lilly rides wave of weight-loss drug demand, working to expand capacity
By Patrick Wingrove and Bhanvi Satija (Reuters) – Eli Lilly on Tuesday forecast 2024 profit above Wall Street estimates on…