Traders now see Fed starting rate cuts later in 2024
Traders of futures contracts that track expectations for the Federal Reserve’s policy rate pushed out bets on the U.S. central…
Apple suffers setback in fight against EU’s $14 billion tax order
By Foo Yun Chee and Bart H. Meijer LUXEMBOURG (Reuters) -An EU tribunal made legal errors when it ruled in…
SoftBank books $5.2 billion quarterly loss as WeWork comes back to bite
By Anton Bridge TOKYO (Reuters) -SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in…
Disney tops earnings forecasts as Iger sets ‘building’ phase
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney exceeded Wall Street’s earnings expectations on Wednesday as higher…
Biden team says election night wins show path to 2024 victory
By Steve Holland and Trevor Hunnicutt WASHINGTON (Reuters) -A sense of vindication swept through the White House and Biden campaign…
AMC beats quarterly revenue estimates on ‘Barbenheimer’ boost
(Reuters) – AMC Entertainment beat third-quarter revenue estimates on Wednesday, riding on the success of “Barbie” and “Oppenheimer” movies as…
Target seeks to toss shareholder lawsuit over Pride backlash
By Jody Godoy (Reuters) – Target asked a Florida judge to dismiss a shareholder lawsuit that alleged the retailer ignored…
WeWork urges landlords to negotiate in bankruptcy
By Dietrich Knauth NEW YORK (Reuters) -Shared office space provider WeWork called on Wednesday for its landlords to make concessions…
Biden, Xi set to steal APEC spotlight with talks to steady ties
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – U.S. President Joe Biden and Chinese President Xi Jinping are expected…
Meta bars political advertisers from using generative AI ads tools
(This Nov. 6 story has been refiled to fix the reference to Snapchat’s policy on political ads, in paragraph 11)…