By Pete Schroeder WASHINGTON (Reuters) -Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and as investors awaited further interest rate insight from the Federal Reserve next week. Global shares were stuck around two-month lows and Wall Street indexes closed nearly flat and narrowly mixed. The Dow Jones Industrial Average…
By Amy-Jo Crowley, Emma-Victoria Farr and Milana Vinn LONDON/FRANKFURT/NEW YORK (Reuters) -Dalian Wanda Group, owned by China’s once-richest man Wang Jianlin, is seeking to sell its sports marketing unit Infront as financial pressure mounts on the property developer to shore up its finances, four people familiar with the matter told Reuters. China’s largest commercial property…
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – More than two years since a breathtaking surge in shares of GameStop captivated Wall Street, the meme stock phenomenon continues to defy predictions of its demise. Yet the retail investors who have driven past meme stock moves appear to have become more cautious after…
SHANGHAI (Reuters) -China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if the economy remains sluggish. The China Securities Regulatory Commission (CSRC) proposed steps including cutting trading costs, supporting share buybacks and encouraging long-term investment to support…
By Shariq Khan BENGALURU (Reuters) -Oil prices rose about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended their longest weekly rally of 2023 on mounting concerns about global demand growth. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.1%, to settle at $81.25 a barrel, and…
By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Friday but set for a fifth consecutive week of gains in its longest winning streak for 15 months, buoyed by demand for safer assets on worries over China’s economy and bets that U.S. interest rates will stay high. The People’s Bank of China (PBOC)…
By David Ljunggren OTTAWA (Reuters) -The Canadian government on Friday demanded that Meta lift a “reckless” ban on domestic news from its platforms to allow people to share information about wildfires in the west of the country. Meta started blocking news on its Facebook and Instagram platforms for all users in Canada this month in…
By Granth Vanaik and Ananya Mariam Rajesh (Reuters) -Estee Lauder forecast annual sales and profit below estimates on Friday, indicating a slower-than-expected rebound in its travel retail business, mainly in Asia, and waning demand in the United States, sending its shares down about 3%. Major global companies have taken a cautious stance on their China…
By Nichola Groom (Reuters) -The United States on Friday finalized a decision to impose import duties on solar panel makers who finished their products in Southeast Asian nations to avoid tariffs on Chinese-made goods, according to a senior Commerce Department official. The decision, which largely mirrors a preliminary finding the agency made in December, was…
By Arunima Kumar and Arshreet Singh (Reuters) -Hawaiian Electric Industries shares rose more than 10% on Friday, recovering some of their recent sharp losses after the utility said it is not looking to restructure but that it is seeking expert advice amid questions over its role in the Maui wildfires. The company did not clearly…
