(Reuters) – Global equity funds posted outflows for the eighth consecutive week in the seven days leading up to June 7, as concerns over stubbornly high inflation and sluggish economic growth prompted investors to pull back from riskier assets. According to data from Refinitiv Lipper, investors withdrew a net $18.84 billion from global equity funds,…
A look at the day ahead in U.S. and global markets from Mike Dolan As S&P500 stocks clock their highest close of the year, marking a technical 20% ‘bull market’ from October’s low, disinflation signals around the world may help calm G3 central bankers meeting next week. Much like the winter euro zone recession that…
By Gram Slattery WASHINGTON (Reuters) – A surprise Supreme Court ruling on Thursday has handed Democrats a potential boost in the 2024 congressional race by calling into question the constitutionality of Republican-drawn electoral districts throughout the U.S. South. In the 5-4 decision, the court ruled in favor of Black voters who challenged a Republican-drawn electoral…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court has granted an unexpected reprieve to a landmark law barring racial discrimination in voting after rolling back its protections over the past decade, but more challenges to the Voting Rights Act seem certain based on actions by Republican legislators in numerous states. Conservative Justices John…
By Brad Brooks (Reuters) – FBI agents on Thursday arrested a real estate developer at the center of allegations that have led to the impeachment of Texas Attorney General Ken Paxton, according to jail records. Nate Paul was booked into the Travis County jail in Austin after his arrest, according to the jail’s online inmate…
By John Revill and Noele Illien ZURICH (Reuters) -UBS and the Swiss government signed on Friday an agreement to cover up to 9 billion Swiss francs ($10.00 billion) in losses from its emergency takeover of Credit Suisse, the country’s largest bank and the government said. The deal comes with various conditions, including a requirement that…
BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing 737 aircraft to its fleet between September and October to cater to the growing passenger traffic, the low-cost carrier said on Friday. The planes will include five 737 Max aircraft, the Gurugram-based airline said, without disclosing the list price. As of June 2023, its fleet comprised…
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend of OPEC+ talks in Vienna, several OPEC+ sources told Reuters, with some member states only learning about the reduction from the final news conference….
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend of OPEC+ talks in Vienna, several OPEC+ sources told Reuters, with some member states only learning about the reduction from the final news conference….
By David Shepardson and Joseph White (Reuters) -General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of…
