Marketmind: Awaiting another China exports slump
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
2023
Oil prices drop 1% on fears of weaker demand
By Erwin Seba HOUSTON (Reuters) -Oil prices settled down 1% on Monday, after six straight weekly gains, as investors braced…
AI mania, financials and energy stocks boost hedge fund gains
NEW YORK (Reuters) – Equity hedge funds ended July with gains of 7.83% so far this year, helped by technology,…
PayPal launches dollar-backed stablecoin, boosting shares
By Jaiveer Shekhawat and Hannah Lang (Reuters) -Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin,…
Biden signs law implementing first part of U.S. trade pact with Taiwan
WASHINGTON (Reuters) – U.S. President Joe Biden signed legislation on Monday implementing the U.S. and Taiwan’s “21st Century” trade initiative…
Stocks, dollar gain ahead of key inflation data this week
By Herbert Lash NEW YORK (Reuters) -A gauge of global equities rose and the dollar edged higher on Monday, reversing…
Amazon results could bode well for rival retailers Walmart, Target
By Siddharth Cavale and Ananya Mariam Rajesh NEW YORK (Reuters) – Amazon’s strong quarterly results are one more sign that…
Berkshire Hathaway stock sets record high as rising rates, Apple boost profit
By Jonathan Stempel (Reuters) -Berkshire Hathaway’s stock price set a record high on Monday, rising 3.4% after the conglomerate run…
Tyson Foods shares tumble on slowing demand, plant closures
By Tom Polansek and Granth Vanaik (Reuters) -Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday,…
KKR to buy Simon & Schuster for $1.62 billion from Paramount Global
(Reuters) – Paramount Global said on Monday it was selling Simon & Schuster to KKR & Co for $1.62 billion…