By Cassandra Garrison and Sofia Menchu GUATEMALA CITY (Reuters) – International leaders congratulated Bernardo Arevalo on his resounding victory in Sunday’s Guatemalan presidential election, a win long believed impossible for the anti-graft candidate in a process dogged by accusations of government meddling. Arevalo, a 64-year-old former diplomat and son of Guatemala’s first democratically elected president,…
By Laura Matthews NEW YORK (Reuters) – The dollar inched lower against a basket of its peers on Monday, snapping a five-week winning streak, as investors bided time ahead of the U.S. Federal Reserve’s Jackson Hole, Wyoming, symposium starting on Friday, with expectations that central banks could keep rates higher for longer. The dollar index,…
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving the ultra-rich and away from high-net-worth clients in mass markets. The Wall Street bank is evaluating alternatives for its registered investment adviser (RIA) unit,…
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude oil finished on Monday at a loss, as hopes for Chinese demand faded “It seems that (China’s recovery) is not going to happen,” said John Kilduff, partner at Again Capital. “It’s doubtful they’re going to be buying. They bought a lot of crude for storage…
By Jonathan Oatis (Reuters) -Wildfires on Hawaii’s Maui have killed at least 114 people, forced tens of thousands of residents and tourists to evacuate the island and devastated the historic resort city of Lahaina. It’s the deadliest U.S. wildfire in more than a century. Here are some key questions and answers about the blazes: ARE…
(Reuters) -Meta Platforms is set to roll out the web version on its new text-first social media platform Threads, hoping to gain an edge over X, formerly Twitter, as the initial surge in users waned. The widely anticipated web version will make Threads more useful for power users like brands, company accounts, advertisers and journalists….
By Shashwat Chauhan and Ankika Biswas (Reuters) -European shares snapped a four-day losing streak on Monday as energy and miners rose, tracking higher global commodity prices, while Danish drugmaker Novo Nordisk steered gains in the healthcare sector. The pan-European STOXX 600 ended 0.1% higher, after rising as much as 0.9% intraday, having closed at a…
(Reuters) – Electric-vehicle maker Tesla’s shares rose 4.5% on Monday, snapping a six-session losing streak, after brokerage Baird Equity Research added the stock to its “best ideas” list. The brokerage said price cuts and their impact on margins will drive the narrative in the second half of the year but other potential catalysts for the…
(Reuters) -Industrial materials maker DuPont De Nemours said on Monday it has agreed to sell an 80.1% stake in its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, in a deal that values the business at about $1.8 billion. Shares of the company fell 0.4% in morning trade after…
(Reuters) – The S&P 500 will likely struggle to make more headway after rallying almost 14% so far this year as investors start to question the sustainability of the U.S. economy’s resilience, Morgan Stanley equity strategists said. One reason is that a “sell-the news” mentality has taken hold following second-quarter earnings, potentially slowing price momentum,…
