By Trevor Hunnicutt, Jarrett Renshaw and Humeyra Pamuk WASHINGTON/TEL AVIV (Reuters) -U.S. President Joe Biden’s White House is wrestling with thorny security and political challenges as officials consider a potential trip to Israel that may hold longer-term diplomatic advantages for Biden. Prime Minister Benjamin Netanyahu invited Biden, who has been outspoken in his support for…
(Reuters) – Snap shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in 2024, above Wall Street expectations. The user number reported by the Verge on Friday, citing an internal memo from CEO Evan Speigel to employees, exceeded…
(Reuters) – Goldman Sachs on Monday said it expects industrial metals markets to remain vulnerable to incremental softness in the near term due to deteriorating demand and the impact from higher interest rates. “Building and construction activity remains the weakest segment, but there were downdrafts now noted in volume appetite from most other sectors, with…
By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) -Australian lithium developer Liontown Resources on Monday entered a trading halt to raise funding for its flagship Kathleen Valley lithium project after U.S.-based miner Albemarle abandoned a A$6.6 billion ($4.16 billion) buyout bid. Albemarle withdrew its indicative proposal amid “growing complexities,” the companies confirmed in separate statements…
By Matt Tracy and Saqib Iqbal Ahmed WASHINGTON (Reuters) -The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy. Israel’s Prime Minister…
By Guy Faulconbridge MOSCOW (Reuters) -President Vladimir Putin said on Sunday that suggestions the United States should prepare for a war against Russia and China were nonsense, and warned the West that any war against Russia would be on a whole different level to the conflict in Ukraine. A bipartisan panel appointed by the U.S….
(Reuters) -The United Auto Workers said on Saturday they had to escalate action against Ford as they expected a revised offer from the automaker but were given the same offer as two weeks ago. “Unfortunately, we had to escalate our action. We came here today to get another offer from Ford, and they gave us…
By Giulio Piovaccari MILAN (Reuters) – Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the…
By Michael Erman (Reuters) -Pfizer on Friday slashed its full-year revenue forecast by 13% and said it will cut $3.5 billion worth of jobs and expenses due to lower-than-expected sales of its COVID-19 vaccine and treatment. Pfizer earned record revenue in 2021 and 2022, topping $100 billion last year, after developing its vaccine Comirnaty with…
Oct 13 (Reuters) – Gold prices rose on Friday, set to mark their best week since mid-March as U.S. bond yields lowered, increasing the appeal of U.S. dollar-backed bullion as markets price in a chance that Fed’s rate increase cycle has come to an end. Spot gold rose nearly 1% to $1,886.40 per ounce by…
