By Sabrina Valle HOUSTON (Reuters) – Shares of U.S. oil major Chevron Corp on Wednesday hit an all-time high amid a strong stock market rally and ahead of the release of Chevron’s fourth-quarter financial results Friday. Shares of most major producers rose after oil touched $90 a barrel for the first time in seven years…
By Michael Shields ZURICH (Reuters) – Swiss bank UBS has agreed to buy U.S.-focused automated wealth management provider Wealthfront, which has more than $27 billion in assets under management, in an all-cash deal the two companies said was worth $1.4 billion. The acquisition of Wealthfront, which has more than 470,000 clients in the United States…
By David Gaffen NEW YORK (Reuters) – Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political tensions between Russia and Ukraine that added to concerns about further disruption in an already-tight market. Brent crude rose $2.15, or 2.4%, to $90.35 by 12:55 p.m….
FRANKFURT (Reuters) -Deutsche Bank said on Wednesday it will undertake a 300 million euro ($338.52 million) share buyback and pay a dividend for 2021. The share buyback will be completed in the first half of this year. The dividend has been set at 0.20 euro per share. Germany’s largest lender last paid a dividend of…
By Devik Jain and Bansari Mayur Kamdar (Reuters) – Wall Street’s main indexes climbed on Wednesday after two turbulent sessions and ahead of the outcome of a Federal Reserve policy meeting, with a stellar outlook from Microsoft boosting technology stocks. The Fed policy decision is due at 2 p.m. ET (1900 GMT), with the U.S….
By Manojna Maddipatla (Reuters) -U.S. health insurer Anthem Inc on Wednesday issued a conservative annual profit forecast and warned that the highly contagious Omicron variant was likely to drive up treatment, vaccination and testing costs in the first quarter. Since the start of the pandemic, profits of health insurers have come under pressure as huge…
By Praveen Paramasivam and Uday Sampath Kumar (Reuters) -Mattel Inc on Wednesday won the rights to produce dolls based on Disney royalty like Elsa and Jasmine, snatching back a highly lucrative license from archrival Hasbro Inc. The reunion sent Mattel’s shares surging 11% and is part of Chief Executive Ynon Kreiz’s plan to turn the…
SILVER SPRING, Md. (AP) — Sales of new single family homes in December rose to their highest level in 10 months as buyers snapped up cheaper homes in anticipation of higher interest rates. The increase put the seasonally adjusted annual sales pace to 811,000 for the month, according to the Commerce Department, an 11.9% increase…
(Reuters) – U.S. auto retail sales are expected to dip in January as reduced manufacturing due to the Omicron variant, supply chain constraints and global inflation caused prices to soar amid high demand, consultants J.D. Power and LMC Automotive said. Retail sales of new vehicles could fall 8.3% to 828,900 units from a year earlier,…
By Sujata Rao and Lewis Krauskopf LONDON/NEW YORK (Reuters) – U.S. stock markets, after enjoying their best three-year run in more than two decades, may soon have to cede the top spot. With the Fed preparing to raise interest rates https://www.reuters.com/business/finance/inflation-fighting-fed-likely-flag-march-interest-rate-hike-2022-01-26 for the first time in almost four years, capital is starting to fan out…
