By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stock investors are increasingly turning to the options market for protection against more downside on Wall Street as they worry the Federal Reserve will be less sensitive to equity market volatility as it hikes interest rates to fight inflation. Demand for puts, typically bought for downside…
GDANSK (Reuters) – A board member of Polish video game maker CD Projekt said on Thursday there is no “monumental” delay to its blockbuster game “The Witcher 3: Wild Hunt” for next-generation consoles, a day after the company postponed the release. CD Projekt had said on Wednesday it had taken work on the version back…
By Uday Sampath Kumar and Chavi Mehta (Reuters) -Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “I think it’s very important for…
SALINAS, Calif. (AP) — Firefighters contained a massive blaze at a central California food processing plant that prompted authorities to tell thousands of nearby residents to evacuate Thursday and to order tens of thousands more to stay inside their homes. The fire started Wednesday night at the Taylor Farms packaged salad plant in Salinas, about…
Over the past couple of weeks, market action has been driven by macro forces. This is normal seasonality as investors await the Q1 earnings report cards. We are finally getting those corporate earnings. This allows us to see how the macro issues are impacting individual companies. Investors will be able to parse through winners and…
By Uday Sampath Kumar and Chavi Mehta (Reuters) -Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “Twitter has extraordinary potential. I will…
By Doyinsola Oladipo NEW YORK (Reuters) -BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars. “When you look at the technology coming out, the EV push,…
NEW YORK (Reuters) – Wall Street’s major banks and asset managers were cautious about the economy as they detailed how both consumers and institutional clients were struggling to deal with sky-high inflation and looming rate hikes. The big U.S. banks are reporting results at a time of surging inflation, which could lead the Fed to…
WASHINGTON (AP) — Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation. The average 5% rate on the 30-year mortgage was up from 4.72% last week, mortgage buyer Freddie Mac reported Thursday. The average…
UnitedHealth Group delivered a better-than-expected first quarter and raised its 2022 forecast, as Medicare Advantage grow and care delivery once again helped the health care giant. The nation’s largest health insurance provider said Thursday that enrollment in its Medicare Advantage plans grew nearly 9% to about 6.9 million people, and the company also booked growth…
