By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations the Federal Reserve would hike interest rates just one more time this year, eroding the greenback’s yield advantage over its peers. Against a basket of six currencies, the dollar index fell…
A significant player with considerable resources has recently taken a bullish position on Shell (NYSE:SHEL), which is crucial information for retail traders. The emergence of this sizable investment in publicly available options history raises intrigue, often indicating insider knowledge and potential upcoming developments. Understanding the Whale’s Moves: Today, we came across 16 uncommon options trades…
By Luc Cohen NEW YORK (Reuters) -The founder and a former executive of college financial aid startup Frank pleaded not guilty on Thursday to U.S. criminal charges of defrauding JPMorgan Chase into buying the company for $175 million. Charlie Javice, 31, who founded Frank, entered her not guilty plea to an amended indictment accusing her…
(Reuters) – Hollywood actors will go on strike beginning midnight after talks with studios broke down, said Duncan Crabtree-Ireland, chief negotiator for SAG-AFTRA, the actors’ union, on Thursday. (Reporting By Dawn Chmielewski in Los Angeles)
BUENOS AIRES (Reuters) -Argentines are tightening their wallets to make end meets as the South American country battles inflation which could surpass 140% on an annual basis this year, hunting for the cheapest prices on basic goods to shield their income. Inflation in the 12 months through June hit 115.6%, official data showed on Thursday….
MEXICO CITY (Reuters) – Mexico’s government and railroad company Canadian Pacific Kansas City (CPKC) have formalized an agreement to study the viability of a passenger rail line from Mexico City to the city of Queretaro, some 140 miles (220 km) north-west from the capital. “An agreement was signed 15, 20 days ago where the business…
NAIROBI (Reuters) -Kenya’s opposition on Thursday called for a third day of demonstrations against tax hikes on July 19, after previous protests saw several of Kenya’s towns and cities witness violent and sometimes deadly stand-offs with police. Police shot at least two protesters dead in the capital Nairobi on Wednesday, officers said, as they sought…
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum. The IMF said in a briefing note for a G20 finance leaders meeting…
LOS ANGELES (Reuters) – Thousands of Hollywood film and television actors voted to strike on Thursday, joining writers who walked off the job 11 weeks ago. How will a walkout by the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) affect viewers’ favorite shows and movies? Which films and television…
By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) -Exxon Mobil Corp on Thursday agreed to buy Denbury Inc for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation. The acquisition, which sent both companies’ shares lower, gives Exxon ready-made CO2 transportation and highlights its bets on making carbon…
