Gold prices wrapped up the week with minimal movement, bouncing back from a brief dip to a one-week low. The ongoing debate in the financial world revolves around whether the Federal Reserve will implement its final rate hike for the year in November or December. Ed Moya, an analyst at the online trading platform OANDA,…
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) -Treasury prices rebounded but a gauge of global equities fell on Friday, adding to sharp sell-offs earlier this week, after three Federal Reserve officials warned further rate hikes may be needed to ensure inflation is brought under control. The officials, in remarks at separate events, said…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Friday as the latest batch of data on business activity from around the globe highlighted the superior position of the United States relative to other major economies. S&P Global said its flash U.S. Composite PMI index, which tracks…
NEW YORK (Reuters) – U.S. business activity showed little change in September, with the vast services sector essentially idling at the slowest pace since February, and overall new order activity slipping to the lowest level this year, a survey published Friday showed. S&P Global said its flash U.S. Composite PMI index, which tracks the manufacturing…
(Reuters) – Michael Bloomberg, co-founder of Bloomberg LP, outlined a succession plan for the financial information and news company, saying that his foundation Bloomberg Philanthropies will inherit it and then eventually sell it, the New York Times reported. The former New York City Mayor made the announcement at the Climate Summit hosted by the newspaper…
By Paul Sandle and Yadarisa Shabong LONDON -Microsoft’s restructured $69 billion acquisition of Activision Blizzard “opens the door” to the biggest ever gaming deal being cleared, Britain’s antitrust regulator said on Friday. Microsoft announced the deal in early 2022, but it was blocked in April by Britain’s competition regulator, which was concerned the U.S. tech…
In a recent twist of events, gold experienced a decline, touching a one-week low as the Federal Reserve made a commitment to raise interest rates until annual inflation levels reach their 2% target. This announcement has left some market observers speculating that more challenges may lie ahead for the precious metal. The December contract, which…
By Andrea Shalal and Douglas Gillison (Reuters) – The Biden administration on Thursday announced plans to remove medical bills from Americans’ credit reports in a push to end what it called coercive debt collection tactics that affect millions of consumers. Proposals under consideration would help families financially recover from medical crises, stop debt collectors from…
By Milana Vinn and Anirban Sen NEW YORK (Reuters) -A new mergers and acquisitions advisory firm launched last year by former Centerview Partners dealmakers has scored a big win by advising Cisco Systems on its $28 billion acquisition of cybersecurity firm Splunk. Based in Palo Alto, California, Tidal Partners was started by technology bankers David…
By Laura Sanicola (Reuters) – Oil prices settled lower after choppy trading on Thursday, rising as much as $1 a barrel after a Russian ban on fuel exports snatched the focus from Western economic headwinds that had pushed prices down $1 a barrel early in the session. Brent futures for November delivery settled down 23…