Hedge fund investor appetite hit by high fees and private credit, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) -Global investor appetite for the most expensive multi-strategy hedge funds has fallen, Goldman Sac..
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Walmart’s low price promise in focus after Amazon’s warning
By Aishwarya Venugopal and Siddharth Cavale (Reuters) -Walmart’s “Everyday Low Price” promise will be put to the tes..
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Amazon shares drop on slowing online sales growth
By Savyata Mishra (Reuters) -Shares of Amazon.com fell more than 12% on Friday after the company reported slowing online sales growth ..
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Intel shares set for record loss as turnaround struggle deepens
(Reuters) -Intel was set to erase about $35 billion in stock market value on Friday in potentially its worst selloff ever after it sus..
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Amazon says consumers cautious, forecasts revenue below Wall Street targets
By Greg Bensinger and Deborah Mary Sophia (Reuters) – Amazon.com reported slowing online sales growth in the second quarter and ..
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Fears for US economy send investors to safe havens, fuel stock slump
By Chris Prentice and Naomi Rovnick NEW YORK/LONDON (Reuters) -Weak U.S. data reaffirmed investor worries on Friday, fueling a sell-of..
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Olympics-Triathlon-France and Britain victorious in thrilling Paris races
By Helen Reid PARIS (Reuters) -France and Britain hogged the Olympic triathlon spotlight as Cassandre Beaugrand delivered a decisive g..
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Pfizer lifts profit forecast as investors await turnaround
By Michael Erman and Bhanvi Satija (Reuters) – Pfizer raised its annual profit forecast on Tuesday, helped by cancer treatments ..
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Euro zone economy grows but outlook far from rosy
By Francesco Canepa (Reuters) -The euro zone’s economy grew slightly more than expected in the three months to June, data showed..
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World stocks gain, US yields fall at start of jam-packed week
By Chris Prentice and Wayne Cole NEW YORK/SYDNEY (Reuters) -Global stocks advanced and longer-dated U.S. yields slipped on Monday, at ..
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Surging yen upends popular global FX carry trades
By Alun John, Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – A perfect storm of political, policy and technical ..
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Factbox-Britain shakes up listings rules to attract investment
LONDON (Reuters) – Britain’s biggest reform of company listing rules in over three decades takes effect on Monday on the L..
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EU short-term rental bookings surged 28% in first quarter – Eurostat
By Leo Marchandon and Pauline Foret (Reuters) – Europe’s boom in short-term tourism rentals shows no signs of cooling, wit..
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UK public sector workers get above-inflation pay rises, worth 9 billion pounds
LONDON (Reuters) -British public sector workers such as teachers and doctors are set to receive inflation-busting pay rises worth 9.4 ..
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Global investors scramble to dodge US election curveballs
By Naomi Rovnick LONDON (Reuters) – Investors are scrambling to shore up global portfolios against wild market swings ahead of t..
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Explainer-How Germany’s hydrogen economy could transform energy use
By Vera Eckert FRANKFURT (Reuters) – German utility EnBW this week pledged 1 billion euros ($1.08 billion) to build pipelines to..
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German, French companies less hopeful over economic recovery
By Francesco Canepa and Maria Martinez FRANKFURT/BERLIN (Reuters) – Companies in the euro zone’s two largest economies are..
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Nvidia supplier SK Hynix posts 6-year high profit on AI boom
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix posted its highest quarterly profit since 2018 on Thursda..
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Major Chinese banks cut deposit rates after reduction in lending rates
BEIJING/SHANGHAI (Reuters) -Five of China’s major state-owned banks said on Thursday they would cut deposit rates, days after th..
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Ford profit disappoints, stock falls 11% as quality issues dog automaker
By Nora Eckert, Nathan Gomes (Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker cont..
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UK car output logs fourth consecutive monthly fall in June, data shows
(Reuters) – UK’s car output fell for the fourth consecutive month in June, as more manufacturers wound down old models and..
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Reckitt to offload homecare brands, consider nutrition options
By Agata Rybska (Reuters) – Reckitt Benckiser will consider options for its troubled nutrition business and offload a portfolio ..
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As losses mount, CrowdStrike says bug in quality-control process led to botched update
By James Pearson LONDON (Reuters) -A software bug in CrowdStrike’s quality-control system caused the software update that crashe..
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German cabinet agrees to expand tax relief to boost economy
By Christian Kraemer BERLIN (Reuters) -Germany’s cabinet agreed on Wednesday to increase tax relief for companies and households..
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Rheinmetall’s profit doubles as defence spending surges
By Miranda Murray BERLIN (Reuters) -German arms manufacturer Rheinmetall more than doubled operating profit in the second quart..
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Meta unveils biggest Llama 3 AI model, touting language and math gains
By Katie Paul NEW YORK (Reuters) -Meta Platforms released the biggest version of its mostly free Llama 3 artificial intelligenc..
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Oil prices rise as US crude, fuel inventories seen shrinking
By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling..
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Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Str..
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Britain’s gas network ready for hydrogen fuel, report says
LONDON (Reuters) – Britain’s national gas network is ready to accommodate hydrogen as a fuel to power homes and industry, ..
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UK pay settlements hold at 4.9% in three months to June
By David Milliken LONDON (Reuters) – British employers offered average annual pay settlements of 4.9% in the three months to Jun..
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Visa reports rare quarterly revenue miss, shares drop
By Arasu Kannagi Basil (Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street targets in a rare miss for the w..
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Porsche cuts forecasts due to alloy shortage, shares fall
By Victoria Waldersee (Reuters) -Porsche AG cut its sales and profit outlook on Tuesday due to an unexpected aluminium alloy supply sh..
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GM beats quarterly expectations and raises forecast, but shares dive
By Nora Eckert DETROIT (Reuters) -General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street’s e..
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Digesting Biden exit, markets focus on earnings, data
By Yoruk Bahceli and Tom Westbrook (Reuters) -World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from..
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Computer parts maker Logitech lifts full-year outlook on upbeat Q1 results
ZURICH (Reuters) -Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, encouraged by ..
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Aussie, kiwi dollars struggle on China’s rate cuts; dollar adrift
By Rae Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China&#..
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TotalEnergies Texas refinery returns to normal operation, sources say
HOUSTON (Reuters) – TotalEnergies’ 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery returned to normal operation o..
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